Kwara govt augments LG’s 6.05% salaries deficit with N148million reserves
The Kwara State Government on Saturday said it augmented the local government workers’ salaries with the sum of N148,967,141.91 after it recorded a 6.05% deficit.
The State Commissioner for Finance and Planning, Oyeyemi Olasumbo Florence, made this known in a statement issued during the weekend in Ilorin, the state capital.
She said while the entire local government areas got a total net allocation of N2,461,583,280:22, they spent N2,610,550,422.13 on salaries and other workers’ obligations for the month, with the shortfall of N148,967,141.91 (or 6.05%) sourced from their entire IGR (N94,544,870.07) and another N54,422,271.84 from their reserve.
She put the total February allocation for the entire local government areas of Kwara at N2,461,583,280:22 (two billion, four hundred and sixty one, five hundred and eighty three thousand, two hundred and eighty naira, twenty two kobo).
She added that the breakdowns are N1,911,097,577:32 (SRA); N543,944,377:44 (VAT); N3,814,727:24 (Exchange Gain); and N2,726,598:22 (Excess Bank Charges), according to the state.
Meanwhile, THE INFORMANT247 has reported that Kwara State received a total of N3,255,019,095:98 as its federal allocation for the month of February.
