The Kwara State Government has confirmed receiving N3.280 billion from the Federal Government as its March statutory allocation.
Daibu Abubakar, the Press Secretary, Ministry of Finance and Planning, said this in a statement on Saturday in Ilorin.
Abubakar said the breakdown of the allocation figures comprises: Statutory Revenue Allocation of N1,780,906,717:37 (net); Value Added Tax of N1,450,601,517:80; Forex Equalisation Fund of N45,905,022:05; Excess Bank Charges of N3,157,916:33; and total deductions of N350,066,963:71.
He however explained that the total inflow for the month of March was lower than that of February, which was N3,579,792,341:91.
He said: “The deduction in the allocation also affected the 16 local government areas, as they got a total inflow of N2,003,444,477:39, as against the total inflow of N2,419,090,836:31 received in February.
“The breakdowns of the allocation to the 16 LGAs are: SRA of N1,151,585,239:24 (net); VAT of N819,571,407:14, Forex Equalisation Fund of N30,209,637.68, Excess Bank Charges of N2,078,193:3; and total deductions of N253,936,350:68, inclusive of two months’ deductions, for equipping healthcare centres at Local Government Areas.
“With the LGAs having exhausted their savings to augment salary, as allocations continued to drop in the past months, they now require a support of N110,721,693:89 from the state government, to be able to pay 100 per cent salary at N30,000 minimum wage (for GL01-08), alongside their other first line charges for the month of March.”
Follow The Eagle Online Channel on WhatsApp
