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.

Unilorin     Sulyman Age AbdulKareem     Ahmed Alhasssan     Y.A. Abdulkareem     Olokoba Abdullahi Ayinla     Moses Afolayan     Sebastine Obasi     Elerin Of Adanla Irese     Bashiru Makama     Abdulwasiu Bolaji Adeyi     Emir Of Kano     Admiralty Villa     Nupe     Muslimah Entrepreneurship Forum     Gbemisola Saraki     Olomu     Kale Bayero     Saraki     Abiodun Musa Aibinu     Hassan A. Saliu     Yahaya Seriki     Apado     Bola Olukoju     Kwara South     Isiaka Gold     Oba Sulaiman Asude     Muhammed Taofeeq Abdulrazaq     Abdullahi Samari     Ahman Pategi     Muhammad Yahya     Shehu Salau     IHS Towers     Abdul-Rahoof Bello     Pacify Labs     Obasanjo     Alaiye     Kwara Restoration Project     Orire     Apata Ajele Secondary School     Turaki Of Ilorin     Sam Onile     Gani Saadu     Odo-Owa     Kamaldeen Ajibade     M.Y. Abdulrahaman     YAKOOYO     Alapado     Asa LGEA School     Wahab Egbewole     Olabanji Orilonishe     Mahee Abdulkadir     Hamid Bobboyi     Volunteers Of Ilorin Community And The Emirate     Na\'Allah     Ibrahim Abiodun     Raji Ayodele Kamaldeen     Aasiyat Bello Oyedepo     Mubarak Oladosu     Jimoh Akani     Bankole Omisore     Abdul Jimoh Mohammed     Yusuf Abubakar     Salihu Alhaji Musa     Popo-Igbonna     Sanusi Abubakar     Muhammed Aliyu     Dunmade     Allocation     Kwara State University Of Education     Isapa     Fatimat Saliu     School Of Nursing     Atiku Abubakar     Borgu     Saadu Yusuf     Bio Ibrahim     Falokun-Oja    

Cloud Tag: What's trending

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

Yaru     Yusuf Lawal     Ganiyu Taofiq     Yoonus Kola Olatinwo     Alabi Lawal     Abdulhakeem Adelaja Amao     Theophilus Oyebiyi     CT Ayeni     GRA     Hijaab     Tunji Folami     Olawuyi     Alaaya     Femi Agbaje     Michael Imoudu National Institute For Labour Studies     IsDB     Isiaka Saka Opobiyi     Ganmo Electricity Sub-Station     Code Of Conduct Tribunal     Kazeem Oladepo     Kumbi Titiloye     Bluenile Associates     Isaac Aderemi Kolawole     Gbenga Adebayo     Olusin Of Ijara Isin     Oyedun Juliana Funke     Ilorin Water Reticulation     Ayodele Olaosebikan     Alagbado     Adamu Jemilat-Baki     Olayinka Olaogun     Moremi High School     Esinniobiwa Quareeb     Muazam Nayaya     Pakata Patriots     Kwara 2023     Medinat Folorunsho Salman     Saheed Alakoso     Nigeria Computer Society     Soffiyyallah Kamaldeen     Ayedun     Shehu Adaramaja     Mohammed Yisa     Charcoal     Eghe Igbinehin     Abdulahi Abubakar Bata     Rihanat Ajia     Akande Idowu Ayoola Muhammed     Joseph Bamigboye     Valsolar-Kwara Company Limited     NIPOGA     JAAC     Nnazua     UNIFEMGA     Oba Abdulkadir La\'aro     Coalition Of Kwara North Groups     Sulyman Age AbdulKareem     Olaiya Zuberu     Adeola Abraham     Oniyangi     Micheal Imoudu     Donatus Ejidike     Umar Saro     All Peoples Party     Zubair Folorunsho Erubu     Ganmo Power Sub-Station     Raymond Olaitan     Mumini Ishola Hanafi     Mutawalle     Taofik Mustapha     Bashir Omolaja Bolarinwa     Babs Iwarere     Imam Gambari     Damilola Yusuf Adelodun     ASUU     Segun Abifarin     Ishola Balogun Fulani