Monthly allocations to federal, state and local governments are only released following successful FAAC meetings.
Browsing: Alhaji Demola Banu
According to him, the December allocation is made up of statutory allocation of N2,572,710,088.71 and Value Added Tax of N743,556,738.99, totalling N3,316,266,827.70.
The State Commissioner for Finance, Alhaji Demola Banu, who made this disclosure in a statement on Wednesday, said Governor Ahmed gave the approval on Wednesday and that the institutions have received the funds.
Banu said that the October allocation was a N496 million reduction from the N3.5 bilłion the state government received in September from the Federal Account Allocation Committee.
The amount represents the third quarter outflow under the Kwara State Infrastructure Development payment grid for completed, ongoing and new projects.
The State Commissioner for Finance, Alhaji Demola Banu, said in a statement in Ilorin that the allocation was N1.1 billion lower than that of July.
Banu said the N1 billion was part of the N5.1 billion received by the state Government as its share of the Paris Club refunds from the Federal government.
The clarification came through a statement issued in Ilorin on Tuesday by the state Commissioner for Finance, Alhaji Demola Banu
The state Commissioner for Finance, Alhaji Demola Banu, disclosed this in a statement on Wednesday in Ilorin
The State Commissioner for Finance, Alhaji Demola Banu, made this disclosure on Tuesday
Reacting on behalf of the government, the State Commissioner for Finance, Alhaji Demola Banu, explained that the state government has only received and declared N5 billion so far from the Federal Government but was yet to receive the balance of about N3.7 billion
A statement from the State Commissioner for Finance, Alhaji Demola Banu, noted that with the release of N1 billion to local governments and another release of N890 million to some tertiary institutions to clear their salary backlog, the State government has exceeded Buhari’s directive
This was contained in a statement issued in Ilorin by the Commissioner for Finance, Alhaji Demola Banu
Alhaji Demola Banu, the Commissioner for Finance, disclosed this after the JAAC meeting on Wednesday in Ilorin.
Banu said local government pensioners got N59.4 million in addition to the N109.2 million that was appropriated
The State Commissioner for Finance, Alhaji Demola Banu, who disclosed this in a statement on Sunday, explained that the government had reviewed the subventions accruing to the institutions by deploying mechanisms to block loopholes and wastages in the system