Kwara gets N3.7bn as October allocation

Date: 2020-10-17

· LGAs' receipts down to N2.4bn

Kwara State Government has received a total sum of N3,779,894,487:72 as Federal allocations for the month of October, a statement by the state's Finance and Planning Commissioner Florence Olasumbo Oyeyemi said on Friday.

The allocations comprise N1,918,477,820:05 statutory revenue allocation (gross); N310,656,652:68 (deductions); N1,281,148,490:09 value added tax (VAT); N215,776,380:71 Forex Equil; N392,895,753:25 Excess Crude (FGN Intervention Fund); and N282,252,696:30 non-oil revenue.

The figure is less by N264,413,806:72 when compared with September allocation, according to the statement.

"It is to be noted that the Federal Government would next year March resume full deductions of loans that were suspended in April 2020. These deductions would definitely reduce the allocations coming to the state from next year," the statement added.

The 16 local government areas meanwhile have received a total sum of N2,474,649,328:34.

That represents a reduction of N166,303,461:04 when compared with the September allocation for the local government areas.

The breakdowns of the local government areas' allocations are N1,265,366,165:62 SRA (gross); N106,033,334:56 as deductions for the court judgement on comprehensive PHCs across the 774 local governments (deductions are being challenged to be refunded); N727,691,180:72 VAT; N142,319,149:40 as Forex Equilibrium; N259,141,381:56 (excess crude/FGN Intervention Fund); and N186,164,785:60 as non-oil revenue.

Olasumbo Florence Oyeyemi

Hon. Commissioner for Finance & Planning

October 16, 2020

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Moremi High School     Ajeigbe     Bluenile Associates     Lanre Aremu     March 18     Kanu Agabi     Sardauna     Federal Polytechnic Offa     Abdulwahab Ololele     Quran     Lucky Omoluwa     Gwanara     Sabitiyu Grillo     Niguel Gallando Marcias     Minimum Wage     Oluranti Idowu     Naira Redesign     Lanre Issa Onilu     Mary Kemi Adeosun     Alapansapa     Taofik Abdulkareem     Vishvas KOZ Tractors     Special Agro-industrial Processing Zone     Tunde Mukaila Mustapha     Pilgrims Board     Olayinka Jelili Yusuf     Sambo Murtala     Bolaji Nagode     Hameed Oladipupo Ali     Nnazua     Shero     Monsurat Omotosho     Ibikunle Ogunleye     Lasiele Alabi Yahaya     Harrison Osauwagboe     Olomu Of Omu-Aran     Isiaka Oniwa     Government House     Kwarareports.com     Adekunle David Dunmade     Bolaji Abdullahi     Babatunde Ishola Babaita     Erin-ile     Vasolar Consultoria     Aro Yahaya     KWIRS     Musbau A. Akanji     Na\'Allah     Abubakar Ndakene     Omotosho     Nupe     Hydro-electric Power Producing Areas Development Commission     Kwara University Of Education     Musa Aibinu     Ilorin South Constituency     Arandun     TVC Female National Debate     Madawaki Of Ilorin     Abdulmumini Jawondo     Abdulrazak Shehu Akorede     Abubakar Lah     Muhammadu Gobir     Dan Masanin     David Adesina     Kwara Primary Health Care Development Agency     Kwara North     IQRA College     Segun Adeniyi     Chartered Institute Of Personnel Management Of Nigeria     Ayeyemi Sulaiman     Halimat Yusuf     Eghe Igbinehi     General Hospital, Offa     Vasolar Consortium     Share/Tsaragi     Kemi Adeosun     Muhammed Danjuma    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Bola Tinubu     Taofik Mustapha     Sulyman Buhari     Charles Ibitoye     Buhari     Third Estate     Ilorin Emirate Staff Association     Muhammad Mustapha Suleiman     Sango-UITH Road     New Nigeria People’s Party     Ali Ahmad     Abdulrazaq Aiyelabegan     Mohammed Alabi Lawal     CELF     Kassim Babamale     Bolaji Abdullahi     Iyabo Adisa Ibiyeye     Omoniyi Ayinla     Ubandoma     Opobiyi     International Vocational Centre     Bolakale Ayo     Lanre Issa-Onilu     Funmilayo Isiaka Oniwa     Offa     Bio Ibrahim     SWAN     Abdulbaqi Jimoh     Baba Isale     Elerin Of Adanla     Ayinde Oki     Hamidat Sulyman-Yusuf     State Bureau Of Internal Revenue     Ahmad Fatima Bisola     Federal Neuro-Psychiatric Hospital     Abdulraufu Mustapha     Rebecca Bake     Wahab Kunle Shittu     Olofa Of Offa     IDPU     Sa\'adatu Modibbo-Kawu     Alaaya     YAKOOYO     Peter Amogbonjaye     Lanre Issa Onilu     Rafiu Olasile     Abubakar Lah     Yetunde Balogun     Offa Metropolitan Club     Ayinde Oyepitan     Dapo Teni Nig Enterprise     Monsurat Omotosho     Kale Ayo     Tinubu Legacy Forum     Jimba Babatunde     Abdullahi Dasilva Yussuf     Nigeria Computer Society     CT Ayeni     Sheikh Ridhwanullah     John Mayokun Dada     Chief Imam Of Lafiagi     Na\'Allah     Elese Of Igbaja     International Aviation College     IQRA College     Mamatu Abdullahi     Moremi High School     Rafiu Ibrahim     Saadu Yusuf     Bello Oyedepo     Babatunde Ishola Babaita     Abdulrazaq Solihudeen     Village Alive Development Association     Tanke Flyover Bridge     PPS     Is\'haq Modibbo Kawu     Valsolar Consultoria