FAAC: KWSG Receives N3.66b, Councils N2.6b for July

The Kwara State Government on Tuesday said it received a total of N3, 669, 988, 263.89 as its share of the federal allocation for the month of July, 2017.

The State Commissioner for Finance, Alhaji Demola Banu, who disclosed this in a statement issued in Ilorin, said that the amount was an increase over the N2, 484, 424, 334.43 the State government got in June.

Banu stated that the sum was made up of statutory allocation of N2, 892, 563, 436.42 and Value Added Tax (VAT) of N777, 424, 827.47.

The Commissioner further revealed that the 16 local governments (LGs) in the State got a total of N2, 600, 159, 007.12 as allocation for July, against the N1, 821, 214, 308.6 they received last month.

A breakdown of the allocation figures shows that the LGs got a statutory allocation of N2, 158, 751, 253.97 and Value Added Tax (VAT) of N441, 407, 753.15

Recall that Governor Ahmed on Monday approved release of N2.1bn out N5.1bn Paris Club Loan refund received last week for payment of backlog of salaries of workers in 16 local government areas of the state.