Kwara Federal Allocation Increases in July
According to a statement issued on Friday by the State Commissioner for Finance, Alhaji Demola Banu, the State government received a total sum of N3,117,634,155.58 from the federation account as allocation for July.
Giving a breakdown, Alhaji Banu disclosed that the State government got a statutory revenue allocation (SRA) of N1,964,362,872.63; VAT of N621,720,038.40; Exchange Difference of N473,821,529.00; and proceeds from solid minerals, N57,729,715.55, totaling N3,117,634,155.58.
While giving details of the federal allocation received by the 16 local government councils in the State, the Finance Commissioner said that the LGs got a total of N2,233,730,999.61 as July allocation.
Figures released by him shows that the LGs received a statutory allocation of N1, 532, 966, 930.89; VAT of N352,531,877.20; exchange difference of N312,517,416.19; and proceeds from solid minerals, N35,714,775.33, making a total of N2,233,730,999.61.
While stressing that the details of allocation to each local government council will be made public after the Joint Accounts Allocation Committee (JAAC) meeting next week, Alhaji Banu expressed optimism that with this month's increased allocation, local government councils will be able to meet their contractual obligations.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Abdul-Rasheed Na\'Allah Ganiyu Taofiq Dairo Kunle Paul Isau Yinka Aluko Michael Nzekwe United Nigeria Congress Party Jebba Sobi Specialist Hospital Gani Saadu Atunwa Odogun Olushola Gabriel Aliyu Adebayo COEASU Ayinde Oki Sheikh Hamzat Yusuf Ariyibi Awili Pedro Maryam A. Garuba CBT Adedipe Societe Generale Bank Of Nigeria Aso Ofi Shonga Quareeb Durosinlohun Kawu Mohammed Yisa Galland Marcias Oba Abdulkadir La\'aro Shuaib Olarongbe Mike Omotosho Adamu B. Yaqubu Olabode George Towoju Rashidi Yekini Danhawa Monthly Sanitation Kayode Ishola Kawu Baraje Centre For Community Empowerment And Poverty Eradication Kwara Consultative Forum Mohammed Lawal Bagega Jaigbade Alao Ajibola Ademola Julius Funmilayo Mohammed Abiodun Musa Aibinu Admiralty Villa Tafida Segun Abifarin Wahab Isa IPSAS Colleges Of Education Academic Staff Union Dan Iya Of Ilorin Igbaja Kupchi Hosea Maxwell Halimah Perogi Makama Of Kaiama Gbemisola Oguntimehin Lateef Ademola Olatunji Yakub Ali-Agan Zulkifli Ibraheem Lanre Issa Onilu Clement Yomi Adeboye Kamaldeen Ajibade 07039448763 Kulende Ayinke Saka Coronavirus Ogidi-Oloje Moses Afolayan Universal Basic Education Commission Mary Arinde Olaitan Buraimoh Ibrahim Taiwo Ishaq Oloyede Ahmad Fatima Bisola Onilu Isiaka Yusuf Dele Momodu

