JAAC: Kwara LGs share N382m, Teachers Get N900m for February

Date: 2017-02-28

The sum of N382, 147, 620.24 is to be shared among the sixteen local government councils of Kwara State for the month of February, 2017.

This figure includes the 10 per cent of the State government's Internally Generated Revenue (IGR) distributable for the month, representing N59, 694, 025.57.

The State Commissioner for Finance, Alhaji Demola Banu, disclosed this on Monday at the monthly State Joint Accounts Allocation Committee (JAAC) meeting held in Ilorin.

According to the Commissioner, the gross statutory allocation for the LGs stood at N1, 045, 962, 331.10, Value Added Tax (VAT) of N395, 571, 249.40 and exchange gain difference of N219, 010, 459.27.

He said that the sum of N273, 114, 949.65 was deducted at source as repayment for the LGs previous borrowings from banks. Other deductions are 1% training fund, which stands at N500, 000 and 0.5% JAAC budget representing N1million.

The Finance Commissioner while giving a breakdown of the allocation distribution, said N900, 000,000 was appropriated for the payment of Basic Education teachers' salary, while the sum of N163, 475, 425.45 was allocated for LG pensioners' arrears.

Banu, however, disclosed that the sum of N579, 970, 740.32 is required monthly to pay salaries of LG workers, N1, 144, 635, 821.02 for SUBEB staff while the sum of N355, 925, 249.52 is required to pay LG pensioners every month.

Meanwhile, JAAC agreed that 15 per cent of the allocation accruing to the councils should be deducted for administrative running cost of the LGs.

Speaking on behalf of his colleagues, the TIC Chairman of Ilorin South LG, Alhaji Isiaka Danmeromu explained that the councils needed funds to run the activities of the LGs in order not to render them unproductive.

He said paucity of funds has really affected the operations of the councils, lamenting that many LG staff do nothing at their various offices as there is no administrative running cost available for the councils.

On the Internally Generated Revenues (IGR) of the LGs, the TIC Chairman noted that though, their IGR has improved a bit since the collaboration between the councils and KWIRS, the IGR is still not adequate to cater for the running of the councils.

Danmeromu also disclosed that due to the huge shortfall in last month allocation to the LGs, traditional rulers were not paid, describing the situation as unfortunate.

 


Cloud Tag: What's trending

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

Elewu     Busari Toyin Isiaka     Na\'Allah     Oke-Kura     Monsurat Omotosho     Kannike     Shuaibu Yaman     Michael Nzwekwe     Alfa Modibo Belgore     Igosun     Toyin Olayinka Tejidini     Oniwasi Agbaye     Adanla-Irese     Ajibola Saliu Ajia     Orisun Igbomina     Towobola Abdulrahman Toyin     Alao Ayotunde     Ahman Pategi     Abdulrasheed Akogun     Bisi Oyeleke     ASMAU PLAZA     AbdulFatai Adeniyi Dan-Kazeem     Oba Abdulkadir La\'aro     Haleeman Salman     Sa\'adu Gambari     Aso-ofi     Balogun Ajikobi     Press Release     Yakub Lai Gobir     Shuaib Olarongbe     Adam Abdullahi Al-Ilory     Ilesha-Gwanara     Edret Sabi Abel     Salami Adekunle     Idris Amosa Oladipo Saidu     Garba Ado Sanni     Ethical College     Aliyu Muhammed     T And K FOODS     Dasuki Belgore     Photo News     National Association Of Nigerian Students     Rex Olawoye     Olatunji Bamgbola     Neo Mundo Ltd     Federal College Of Education (Special), Afon     Durbar Festival     Kwara Coalition Of Business And Professional Associations     Ibraheem Adeola Katibi     Farouk Salim     Omoniyi     Saliu Ajia     SUBEB     Ibrahim Abikan     Saad Omo\'ya     Ezekiel Yissa Benjamin     Olubukola Kifayat Adedeji     Abdulwahab Olarewaju Issa     Hameed Oladipupo Ali     Saidu Isa     Fulani     Albert Ogunsola     Kwabes     Adebayo Salami     Ojuekun Sarumi     Centre For Peace And Strategic Studies     Olatunde Olukoya     GRA     Iqra Books     Mohammed Abdulahi     Ahmed Bolaji Nagode     Kwara NIPR     Lithium Deposit     Kwara Muslim Pilgrims Welfare Board     Zara Umar     Olabode Towoju     Apaokagi    

Cloud Tag: What's trending

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

Abdulkadir Jimoh     Abdulrahman Abdulrasak     Hamidat Sulyman-Yusuf     Ayinde Oki     Adesoye     COVID     Abdulmumin Yinka Ajia     Sodiya     CKNG     Temitope Ogunbanke     Awodun     Ahmed Bayero     Idofin     Oloriegbe     Oyedun Juliana Funke     Moji Makanjuola     Ayodele Shittu     Amuda Bembe     Oro Grammar School     NIPOGA     Shaykh Luqman Jimoh     Siraj Oyewale     Sola Saraki Educational Foundation     Mohammed Alabi Lawal     Kayode Laro     Government High School (GHS), Adeta     Simeon Ajibola     Henry Olaosebikan     AbdulKareem Yusuf Danhawa     Orisun Igbomina     Federal College Of Education (Special), Afon     Kayode Issa     IsDB     Okin Group     Ridhwanullah Al-Ilory     Olaiya Zuberu     Kwara North     Adisa Logun     Akume     Kamaldeen Kehinde     Olatunji Moronfoye     Jumoke F. Ajao     Abdulrazaq Magaji     Oniye     NYSC     Sai Kayi     Bukola Saraki     Muyideen Ajani Bello     Yunus Lawal     Ayo Salami     Haliru Dantoro     Eleja     Abdulrahman Abdulrazak     Isiaka Rafiu Mope     Kola Olota     Solomon Edojah     V.O. Abioye     Sulyman Atolagbe Alege     SARS     Nigerian Correctional Service     SAPZ Project     Oba Abdulrahim     Ajeigbe     Saliu Ajia     Ilorin Central Mosque     Ilesha-Baruba-Gwanara     Abubakar Atiku     Durbar Festival     GANZY     Abubakar Aliagan     Opolo Global Innovation Limited     Plat Technologies     Standard Organization Of Nigeria     UNILORIN Alumni Association     Ramat Oganija     Fulani     Bamidele Aluko