Kwara records 13% drop in April allocation
The Kwara State Government has again recorded a drop in its monthly allocation from the federation account.
According to the figures released by the State Commissioner for Finance, Demola Banu, the state government received a total of N1,519,879,557.07k as allocation for the month of April, against the N1,743,743,059.80k received in March.
The April allocation shows a thirteen per cent reduction of about N223,864,001.93k from the allocation the state received in March.
Giving a breakdown of the April allocation, Banu disclosed that the state government got a statutory revenue allocation of N892m; VAT of N611m and an exchange difference of about N17m.
Also, for the local governments, the April allocation represents a reduction of about N147m from the N1.33bn they got for the month of March.
Banu, who decried the drop in the April allocation received by the State, noted that it was far lower than the N2.4bn, the state government expends on monthly workers' wages and overheads.
He, however, commended the Federal Government for approving the suspension of the monthly deduction at source for states who received bailout funds from the federal government, saying that this will ease the financial challenges facing them.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Kisra Esinrogunjo Arca Santa Press Release Abiodun Musa Aibinu Taiwo Joseph Dorcas Afeniforo Sulyman Tejidini Ilorin South Constituency AbdulRasaq Abdulmajeed Alaro Baba Issa Awoye Ajibola Ademola Julius Olatomiwa Williams N-Power Adesoye College Rasheed Jimoh Hauwa Nuru Abdulrosheed Okiki Olukotun Of Ikotun Lateef Alagbonsi Al-Hikmah University Razaq Atunwa Yakubu Gobir Saheed Popoola REO CAKES Najim Yaasin Rasaq Jimoh Wakilin Mata Lafiagi Musa Abdullahi Egbewole Road Transport Employers Association Of Nigeria Yakub Lai Gobir George Innih Post-utme Quareeb Kemi Adeosun Saka Abimbola Isau Simeon Sayomi Bola Magaji Hamid Bobboyi Kayode Oyin Zubair Saka Saadu Yusuf Lanre Badmas BECE Omotoso Musa Mahmud Ajeigbe Olatunji Ibrahim Innocent Okoye Alabe Baboko Summit University Omar Gambari Tunde Mukaila Mustapha Issa Baba Joana Nnazua Kolo Kpotum Mohammed Baba Ebola Obasanjo Moshood Bakare Lanre Aremu Labaeka Mary Kemi Adeosun FOMWAN Oro Grammar School Old Students Association Doyin Agbamu Saliu Ajia Babs Iwarere Popo-Igbonna Adamu Attah Garment Factory Tanke Road Modibo Kawu Gafaru Olayiwola Olorisade Abikan Suwa-Arabs Bolakale Saka Makama Of Ilorin

