Allocation drops again as Kwara receives N3.4bn for November

Date: 2020-11-26

·LGAs' allocation slips to N2.2bn

Kwara State Government has received a total sum of N3,415,372,533:31 as federal allocation for the month of November, a statement by the state's Finance and Planning Commissioner Florence Olasumbo Oyeyemi said.

The figure is N364,521,954:41 less than the allocation for October which was N3.7bn. The drop is the second time in the last two months.

The breakdown of the November allocation for the state includes statutory revenue allocation (SRA) of N1,793,570,467:35 (net); value added tax (VAT) of N1,182,283,927:63; Forex Equilibrium of N40,341,748:68; excess crude of N392,895,753:25; excess bank charges of N6,280,636:40; and (part loan) deductions of N310,656,652:68.

The drop also affected allocation to the 16 local government areas of the state as they got a total of N2,245,856,487:93. That is N228,792,840:41 less than the allocation for October which stood at N2.4bn. Allocations to the local government areas have also dropped for two consecutive months, which led to the LGAs augmenting their November allocation with N194m from their savings of N435m to be able to pay full salary and some other obligations.

The breakdowns of the LGAs' allocation for November are SRA of N1,281,847,085:34 (net); VAT N674,117,397:79; Forex Equil N26,608,117:80; Excess Crude N259,141,381:56; Excess Bank Charges N4,142,505:44; and (FG) deductions N106,033,334:56.

Olasumbo Florence Oyeyemi

Hon. Commissioner for Finance and Planning

November 26th, 2020

 

Cloud Tag: What's trending

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

UTME     Pakata     Police Commissioner     Allocation     Sabo-Oke     Mary Arinde     Old Oyo     Elelu     Saidu Yaro Musa     Seun Bolaji     Playing Host     Rafiu Ibrahim     Binta Sulyman     Makama Of Ilorin     Wole Oke     Adekunle David Dunmade     SARS     ANCOPPS     John Obuh     Issa Manzuma     Yahaya Oloriegbe     Abdul-Rasheed Na\'Allah     Yaman     Ladi Hassan     Na\'Allah     Oke-Ero     Abdulganiyu AbdulAzeez     Ahmed Saidu Rufai     Kayode Zubair     Millennium Development Goals     Ilesha-Gwanara     Folorunsho Erubu     Ishak Mohammed Sabi     Oloruntoyosi Thomas     Abubakar Usman Jos     Owo Arugbo     Olusegun Adeniyi     Adeola Abraham     Aishat Mohammed Lawal     AbdulRasaq Abdulmajeed Alaro     Seni Saraki     Lai Gobir     State Bureau Of Internal Revenue     Najim Yaasin     Alfa Modibo Belgore     Baba Issa     FOMWAN     Offorjama     T And K FOODS     Marufat Oladosu     Danhawa     Buari Edun     Sambo Murtala     Muhammad Mustapha Suleiman     Arinola Fatimoh Lawal     Ajibola Saliu Ajia     Naira Redesign     Suleiman Rotimi Iliasu     JMK Construction Company Limited     Sheriff Shagaya     AIT Ilorin     Kwara State Fire Service     Babatunde Ajeigbe     IF-K     Muhammad Yahya     IHS     Idowu Aremu     Olokoba     Jimba Babatunde     Ajia-Bako     Abdulrazaq Adebayo     High Court     Hassanat Bello     UITH     KWASIEC     Garuba Alikinla Shittu     Abdulrazaq Solihudeen    

Cloud Tag: What's trending

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

Olatunde Jare     Umar Yakubu Jaja     Lateef Ademola Olatunji     Iyabo Dupe Adekeye     Ajidagba     Abdulsalam Firdaous Amosa     Baboko Primary School     Adesina Simon Sodiya     Senior Special Assistant On Student Affairs     Yusuf Abdulwahab     Ganmo Electricity Sub-Station     Oniye     Buhari     Tunde Oyawoye     Abiodun Jacob Ajiboye     Abdullah Janet Amudat     ENetSuD     Tescom.kwarastate.gov.ng     Fareedah Dankaka     Memunat Monsuma     Dele Belgore     Saliu Ajibola Ajia     Maryam Ado Bayero     Saka Isau     Joseph Bamigboye     Oko-Olowo     GAMA     Kisra     Toyin Saraki     Sarkin Malamai     Elerinjare-Ibobo     Mohammed Lawal     Abdullahi Dasilva Yussuf     Kwara Pdp     Risikat Lawal     Wasiu Onidugbe     Salmon Babatunde Salmon     Alabi Lawal     CBT     Bello Oyebanji     Ndakene     Abdulhakeem Adelaja Amao     Bello Abubakar     Esuwoye     Durbar Festival     Centre For Community Empowerment And Poverty Eradication     Justina Oha     International Aviation College     JSSCE     Alaaya     Ezekiel Yissa Benjamin     Oba Abdulraheem     COVID-19 Palliatives     NSCIA     KWACOBPA     Ibrahim Issa Jetti     Zara Umar     Haruna Olawale Sulaiman     Atiku Abubakar     Mashood Dauda     Turaki Of Ilorin     Mufutau Gbadamosi Esuwoye     Olaiya Victor Mobolaji     Mohammed Yahaya Barki     Belgore     Balogun Ajikobi     Adedipe     Press Release     Aliyu Kora-Sabi     Mustapha AbdulGaniyu     Shuaib Boni Aliyu     Valsolar Consultoria     Isin     Muhammad Yahya     Clement Yomi Adeboye     Kwara Volleyball Association     UITH