The Kwara State Government said it had received about N3.1 billion from the Federation Account as allocation for July.
The state Commissioner for Finance, Alhaji Demola Banu, released the figure in a statement on Friday in Ilorin.
Giving a breakdown, Banu disclosed that the government got a statutory revenue allocation of N1,964,362,872.63; Value Added Tax of N621,720,038.40; Exchange Difference of N473,821.529.00; and proceeds from solid minerals, N57,729,715.55, totaling N3,117,634,155.58.
While giving further details of the allocation received by the 16 local governments in the state, the Finance Commissioner said they got a total of N2,233,730,999.61 as July allocation.
Banu said the details of allocation to each local government would be made public after the Joint Accounts Allocation Committee meeting.
Banu expressed optimism that with the increased allocation, local governments should be able to meet more of their contractual obligations.
The Federation Accounts Allocation Committee had on Thursday in Abuja shared N559.03 billion among the three tiers of government.
This followed a dramatic increase recorded in the Federal Government’s revenue drive in the previous month.
Trending
- Student caught bullying mate on camera in Abuja school + Video, photos
- Alake commends Nasarawa for securing mining sites
- TCN towers vandalised along Jos-Gombe 330KV transmission line
- Atiku visits suspended Sen. Ningi, says National Assembly, others must be strengthened
- Jonathan backs state police, says commercial kidnapping’ started in 2006 in Niger Delta
- Babcock University provides details on Law Professor shot dead at relaxation centre
- Chamber speaks on report Nigerians denied access to Chinese supermarket
- NERC transfers regulatory oversight of Enugu electricity market to state