STATUTORY AND OTHER ALLOCATION(A)

1 Gross Statutory Allocation N1, 532, 966, 930.89

2 VAT N352, 531, 877.20

3 10% IGR (State) N49, 058, 220.08

4 Exchange gain difference N312, 517, 416.19

5 Solid mineral N35, 714, 775.33

Total: N2,282,789,219.69

DEDUCTIONS (B)

1 Teachers salary N1,200,000,000.00

2. Pension N127, 474, 899.98

3 1% training fund N500, 000.00

4 0.5 JAAC budget (2015) N1, 000, 000

5 Bank deductions for previous borrowings N189, 556, 209

6 Other Deductions (Traditional council, salary loans, bank charges, environmental sanitation, etc) N142, 580, 212.20

Total: N1, 661, 111, 321

A - B = N621,677,898

LG Salary Requirement for the month: N784,616, 734.15

Shortfall: N162,938,836

Kwara State Governor, Alhaji Abdulfatah Ahmed has announced the state government's decision to augment the shortfall in the allocation to ensure every worker gets July salary in full.