Kwara receives N3 billion as June allocation
Kwara State received a total of N3,092,495,479:52 as its federal allocation for the month of June, the INFORMANT247 reports.
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 gave the breakdown of the allocation as; (net) statutory revenue allocation of N1,994,859,433:79; Value Added Tax of N934,174,265:19; Exchange Gain of N157,102,519:91; and Excess Bank Charges of N6,359,260:63.
She stated that the state paid a total sum of N2,819,603,697.34 as salary and pension, gratuities, subventions to tertiary institutions, and allocations to government’s ministries, departments, and agencies (MDAs).
While salaries and pension gulped N2, 256,705,810:18, the state paid N100,000,000 as gratuity, N127,067,868.99 as monthly subventions for the tertiary institutions, and N335,830,018,17 as allocations to various MDAs.
She also put the total February allocation for the entire local government areas of Kwara at N2,142,342,139:55.
No further details was provided on the amount expended and breakdown at the LGAs’ level.
