FAAC: Kwara Releases August Allocation Figures

FAAC: Kwara releases August allocation figures

The Kwara State Government has released its Federal Allocation figures for the month of August, 2018.

A statement by the State Commissioner for Finance, Alhaji Demola Banu, on Thursday evening revealed that the State government got a total of N3,720,913,343.47 as allocation for August, as against N3,736,644,795.48 it received in July.

Banu disclosed that the State government’s allocation was made up of statutory allocation of N2,779,498,608.10, Value Added Tax (VAT) of N739,360,558.03, exchange gain of N136,571,551.80 and N65,482,625.54 as its share of the Nigerian National Petroleum Corporation (NNPC) monthly remittances to the Federation Account.

The Commissioner also disclosed that the 16 local government councils in the State received a total of N2,671,560,399.0 as allocation for August. This is against the N2,680,279,278.01 they collected last month.

A breakdown of the allocation figures showed that the councils got a statutory allocation of N2,118,946,807.61, Value Added Tax (VAT) of N419,345,165.27, exchange gain of N90,078,195.86 and N43,190,230.26 as their share of the NNPC remittances.

Comments

Post a Comment

Popular posts from this blog

DISSOLUTION OF APC STRUCTURES DOWN THE LINE: VICTORY FOR AA. Tijani Olaegbe

Image
DISSOLUTION OF APC STRUCTURES DOWN THE LINE:  VICTORY FOR AA By Tijani Olaegbe Yes, call it war of attrition or conflict of Titans, you are not far from describing the supremacy battle between the party structure and the Governor who incidentally is the leader of the party in the state. This unfortunate incident reflects the doctrine that subscribes to the position that politics is a power game, when in the true sense of it, politics is the art of selfless service to fellowmen. This prolonged power game made Ramoni take the people of this State for a ride for the last 18 months by his abysmal disappointing performance coupled with his failure to take cognisance of his pre election campaign promises. The only achievement and that which is visible is propaganda coupled with blame game. Now that the deed is done and the battle is lost and won, Kwarans are eagerly waiting for the aftermath of the Governor's victory over his platform (APC) that catapulted him to ...
Read more

Offa/Erin-Ile: Governor Ahmed Solicits Calm Over Judgment, Advocates Dialogue.

Offa/Erin-Ile: Governor Ahmed Solicits Calm Over Judgment, Advocates Dialogue. The Kwara State State Governor, Alhaji Abdulfatah Ahmed has called on the people of Erin-Ile and Offa to remain calm and maintain law and order in the aftermath of a recent Supreme Court judgement concerning the boundary dispute between the communities. Governor Ahmed, in a statement by his Senior Special Assistant on Media and Communications, Dr Muyideen Akorede, urged the people of both communities to refrain from publishing or otherwise circulating unauthorized interpretations of the said judgement as the state government is employing dialogue as a means of finding an amicable and sustainable solution to the dispute. Alhaji Ahmed stressed that the state government will continue to uphold its constitutional mandate of upholding the welfare and security of all citizens and residents of Offa, Erin-Ile and indeed all communities in the state. He, therefore, urged those resident in all parts of the two tow...
Read more

FAAC: Kwara To Receive N3.2b As April Allocation As LGs Get N2.4b

FAAC: Kwara to Receive N3.2b as April Allocation as LGs Get N2.4b Kwara State Government has revealed its federal allocation figures for April 2019. In statement issued in Ilorin on Wednesday, the State Commissioner for Finance, Alhaji Demola Banu said the state government will receive N3,279,896,086.07 as federal allocation for April. The April allocation, according to Banu, comprises statutory allocation of N1,984,735,503.59, Value Added Tax (VAT) amounting to N865,451,596.07, exchange gain of N3,605,662.04, foreign exchange equalisation of N71,405,769.35, additional NNPC funds amounting to N54,568,854.62 as well as goods and valuable contribution of N300,128,700.40. Banu said local government councils in the state, on their part, were allocated N2,410,239,130.07. A breakdown of the figures, according to the Commissioner, shows statutory allocation of N1,636,528,475.17, VAT of N490,288,450.71, foreign exchange equalision of N47,096,945.10, exchange gain of N2,378,178.52, addition...
Read more