Kwara FAAC allocation drops again as State gets N1.418b for May
The State Commissioner for Finance, Alhaji Demola Banu, who disclosed this in a statement on Tuesday in Ilorin, said that the current allocation of the state is more than 50 per cent lower than what it used to receive.
Details of the May allocation as given by the Commissioner shows that the state government got a statutory revenue allocation N798, 096, 287.71; VAT of N606, 693, 177.52 and exchange difference of N13, 511, 527.16, totaling N1, 418, 300, 992.39.
Alhaji Banu also gave a breakdown of allocation received by the 16 local governments in the State for May to include statutory revenue allocation of N794, 854, 933.26; VAT of N344, 139, 224.32; and exchange difference of N8, 911, 768.03, totaling N1, 147, 905, 925.61.
According to these figures, the May allocation for the local governments represents a reduction of N66, 748, 241.87 from the N1, 214, 654, 167.48 they got in April.
Alhaji Banu said although government's monthly wage bill currently stands at N2.4 billion, the government will continue to strive towards ensuring that workers' wages and pensioners' entitlements are paid promptly.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Taofik Abdulkareem Babaita Ilorin West/Asa Federal Constituency Mohammed Yisa Amule Ramadhan Kamaldeen Kehinde Suraj Tunji Oyewale Joana Nnazua Kolo Buhari SSA Youth Susan Modupe Oluwole Kayode Ibrahim Ibraheem Abdullateef Razak Atunwa Jumoke Gafar ITP Tinubu Legacy Forum Shehu Adaramaja Rashidi Yekini Tanke Village Alive Development Association Adebara Yusuf Olaolu Ali Alabere Apata Ajele Secondary School Moremi High School Hamza Usman Sunset Workers Saduki Lafiagi Muhammed Danjuma Henry Olaosebikan Ilorin South Simeon Sule Ajibola Tunde Mukaila Mustapha NTA Ilorin Samuel Olusegun Adedayo Saadu Yusuf Hassan Taiye Salam Kaosarah Adeyi Academic Staff Union Of Universities Kayode Ishola Abegunde Goke Modupe Oluwole Abdulkadri Ahmad Alaiye Lawyers Unite Against Corruption Kwara North Sai Kayi Ilesha-Baruba-Gwanara Olatunji Ayeni Kwasu Salmon Babatunde Salmon Bashir Badawi Salihu Ajibola Ajia Oyedun Juliana Funke Plat Technologies Olayinka Are Abdullahi Atanda Vishvas KOZ Tractors Ilorin Central Mosque Erubu Saka Adeyemo Alfa Modibo Belgore Sheriff Shagaya Awili Pedro Sarakite Usman Yunusa Zubair Folorunsho Erubu Tosho Yaqub Olatunji Abdulmumeen Senior Ibrahim Suleiman Nigeria Foundation For Artificial Intelligence NFAI Kwara Central Gurei Rebecca Olanrewaju IPSAS Mohammed Saidu

