Future ominous, Bayelsa deputy governor tells residents
Citing resurgence of militancy in the oil-rich Niger Delta region, dwindling revenues among others, Deputy Governor Gboribiogha John Jonah yesterday asked Bayelsan residents not to expect too much as the future “is not too bright.”
According to him, the state government has spent about N123 billion from 2012 till date on debt servicing, including bonds and foreign loans obtained by previous administrations.
Jonah lamented the huge financial burden the Governor Henry Seriake Dickson administration had been contending with in the face of the prevailing lean resources at the disposal of government.
The deputy governor noted that the unabated attacks on key oil installations, especially on the four main trunk lines of Nembe, 1, 2. 3 and the Trans Niger facilities, all in Bayelsa State, would have an adverse effect on future federation allocations to the state.
Speaking at the monthly transparency briefing in Yenagoa, the state capital, Jonah decried the activities of the militants, saying that the destruction of oil facilities was negatively affecting allocations to all states in the region.