Bayelsa awards N3bn contract for security surveillance

• From: Africcon Media – Nigeria
  The Bayelsa State Governor, Mr. Seriake Dickson, has awarded the Safe City and Safe State Security Surveillance Project to Huawei Technologies Limited at the cost of ‘over N3bn’.”
  By the terms of the contract, the is expected to provide Close Circuit Television cameras at strategic places in Yenagoa and other identified parts of the state.
  To show his seriousness to the project, the Governor on Friday during the monthly transparency briefing presented a draft of N1.7bn to the company.
  He said, “The project is aimed at boosting the security in the state to attract investments from within and outside the country.”
  While reassuring investors of their safety, Dickson  explained that the contract was awarded to one of the world’s leading ICT and security firms.
  He said state-of-the-art security infrastructure would be deployed in all parts of the state to discourage commission of crime.
  While rendering the financial account of the state at the end of May, he said N29.5bn was the balance in the state purse after statutory deductions and capital payments.
  Explaining the financial activities of the government in April and May, the Commissioner for Finance, Mr. Duate Iyabi, said N24.6bn was the total inflow from the Federation Account in May.
  He explained that the amount was made up Statutory Allocation of N2.7bn; Derivation fund of N12.4bn; SURE-P, N1bn, Excess Crude N4.6bn; Augumentation, N2.9bn, and NNPC Refund of N233m.
  Iyabi said  1.2bn was deducted for bond repayment and N11.1m for the servicing of foreign loans, adding that derivation  Indices for 2010 gulped N392m while N41m was spent on commercial agricultural credit scheme refund.
  The commissioner, who announced an all time high Internally Generated Revenue of N1.3bn, noted that total inflow after FAAC deductions amounted to N22.3bn.
  He said the total capital payment for the month stood at N3.9bn.
  For the month of April, the commissioner stated that N19.5bn was received as gross inflow comprising statutory allocation of N2.1bn, Derivation N11bn, VAT N599m, SURE-P N1.7bn, augumentation, N3bn and NNPC refunds of N233m.