Date: 2018-01-24

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

The Federal Accounts Allocation Committee on Tuesday announced the disbursement of the Federal Allocation to the Federal Government, State Governments and Local Governments on Tuesday.

The announcement was made by the Minister of Finance, Kemi Adeosun. On Wednesday, the Permanent Secretary of the Kwara State Ministry of Finance, Benjamin Fatigun, in a statement, said the State Government received N3,577,723,205.47 as allocation for January.

Giving a breakdown of the allocation figures, Fatigun disclosed that the State Government got a statutory allocation of N2,611,926,815.07, Value Added Tax of N785,738, 397,983.77, Forex Equalization of N167,897,983.77 and excess charges of N12,160,008.86, totaling N3,577,723,205.47.

The Permanent Secretary also announced that the 16 local government councils in the State received a total of N2,539,569,915.69 as allocation for January, against the N2,371,238,596.74 they got in December, 2017.

Fatigun said the LGs' allocation was made up of statutory allocation of N1,975,209,334.17, Value Added Tax of N445,600,130.22, Forex Equalization of N110,740,101.20 and excess charges of N8,020,350.10.