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Economy

Bayelsa Approves N3bn Monthly Pay Boost for Workers

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Bayelsa approves special workers’ allowances expected to raise monthly salary spending by about N3bn from October 2026.

The Bayelsa State Government has approved special allowances for public servants and workers in tertiary institutions, a move expected to increase its monthly salary expenditure by approximately N3bn from October 2026.

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Also read:Court Dismisses Emeka Ike’s N10bn Suit Against INEC, Wike’s Aide

The government disclosed the increase during its transparency briefing on revenue and expenditure for August and September, held on Friday, October 30.

Presenting the financial report, the Technical Adviser on Treasury, Accounts and Revenue to Governor Douye Diri, Timipre Seipolu, said more than N900m would be spent monthly on allowances for workers in tertiary institutions, while other categories of public servants would receive additional payments costing about N2bn monthly.

He explained that the government had approved the allowances as part of efforts to improve workers’ welfare and recognise the different responsibilities and demands associated with various professions.

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“The state has approved special allowances for tertiary institutions, and the payment is commencing from October, even though the government has also committed to paying the arrears from January 2026,” Seipolu said.

He added that the allowances for tertiary institution employees would increase the monthly salary bill by more than N900m, while the additional payments for other public servants would account for approximately N2bn.

“That alone will increase our monthly salary by about N2bn. So, these two components alone will increase the state’s monthly salary bill by about N3bn, commencing from October 2026,” he stated.

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The increase does not include the outstanding arrears the government has also undertaken to pay, meaning the financial commitment will extend beyond the new monthly payments.

Seipolu disclosed that approximately 65,411 workers were covered by the state’s salary payment arrangements.

He described salary obligations as a major priority in the government’s expenditure profile.

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He also cautioned against estimating the state’s total wage bill by applying a single salary figure to all public servants, explaining that different professional groups operate under distinct salary structures and allowance arrangements.

Doctors, nurses, investigators, civil servants, university employees and fire service personnel, he noted, have different remuneration structures, with some receiving additional payments because of the nature of their duties.

“It is not appropriate to estimate the state’s total wage bill by simply multiplying the number of workers across the different categories by a uniform salary figure,” he said.

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At the same briefing, the Commissioner for Information, Orientation and Strategy, Ebiuwou Koku-Obiyai, dismissed social media reports alleging that some major government projects had stalled.

She maintained that the projects were progressing according to their respective milestones and said the government had continued to meet its financial commitments to contractors to support timely completion.

Among the projects she identified were the nine-storey State Secretariat building, the rehabilitation of the Light Floor project and the Lagos Road project.

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Koku-Obiyai said she had inspected the Lagos Road project alongside the Commissioner for Works following questions about its progress. According to her, the inspection showed that construction had reached an advanced stage.

She described the construction company handling the project as credible and said the administration was satisfied with the progress recorded.

“Our projects are meeting their respective milestones, with the government meeting its financial commitments to contractors to ensure timely completion,” she said.

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The commissioner urged residents to disregard reports she described as unverified, reiterating the government’s commitment to completing its infrastructure projects within agreed timelines.

The latest briefing provided an account of the administration’s stated commitments on workers’ remuneration and infrastructure spending.

Also read:Court Dismisses Emeka Ike’s N10bn Suit Against INEC, Wike’s Aide

The additional monthly salary expenditure of about N3bn, alongside the promised arrears, represents a significant recurring and backdated financial obligation for the state.

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Economy

NRS Assures Taxpayers VAT Remains at 7.5% Amid Tax Reform Concerns

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NRS

NRS VAT rate remains 7.5%, the agency says, while addressing concerns over bank deductions, loans and the implementation of Nigeria’s tax reforms

The Nigeria Revenue Service (NRS) has assured taxpayers that Nigeria’s standard Value Added Tax (VAT) rate remains 7.5 per cent, while addressing concerns over the implementation of the country’s new tax reforms.

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The assurance was given by the Tax Administrator responsible for Kano, Jigawa and Katsina states, Samaila Abdullahi, during an NRS stakeholders’ engagement and tax reform sensitisation programme in Kano.

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Abdullahi said concerns raised by individuals, traders, business owners and other stakeholders about the new tax laws were understandable, particularly questions relating to bank transactions, loans, family transfers, business income and the potential impact on small businesses.

He urged taxpayers to understand the reforms through the provisions of the law rather than rely on assumptions or misinformation.

According to him, the tax laws do not automatically authorise deductions from personal bank accounts.

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He stressed that tax collection and recovery must follow the applicable legal provisions and procedures.

Abdullahi also clarified that money received as a loan should not automatically be classified as business income or profit, explaining that proper documentation is essential to establish the nature of a transaction.

“For instance, when a trader receives a loan of N500,000, the amount should not automatically be treated as N500,000 in sales or profit, provided the transaction is properly documented,” he said.

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The NRS official’s comments were aimed at addressing public concerns about how the new tax framework would affect personal finances and business transactions.

He emphasised the importance of distinguishing between taxable business receipts and other funds, such as documented loans, when determining a taxpayer’s obligations.

The clarification comes amid heightened public interest in Nigeria’s tax reforms and questions about their implications for individuals, traders and small businesses.

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Also read: Wike Celebrates Fintiri at 59, Hails Him as Loyal Friend

The NRS urged taxpayers to rely on the provisions of the law and official explanations when assessing their obligations under the new framework.

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