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FAAC: KWSG releases details of August allocation

 

The Kwara State government has released its federal allocation figures for the month of August, 2017.

In a statement issued on Tuesday evening, the state Commissioner for Finance, Alhaji Demola Banu said that the state got a total of N2, 539, 578, 771.7 as allocation for August, against the N3, 669, 988, 263.89 it received in July.

Banu disclosed that the sum was made up of a statutory allocation of N1, 777, 655, 814.85 and Value Added Tax (VAT) of N761, 922, 956.83.

The Commissioner also announced that the 16 Local Governments (LGs) in the State received a total of N1, 857, 345, 628.1 as allocation for August. This is against the N2, 600, 159, 007.12 they received last month.

Giving a breakdown of the figures, Banu revealed that the LGs got a statutory allocation of N1, 424, 951, 058.78 and Value Added Tax (VAT) of N432, 394, 623.32, making a total of N1, 857, 345, 682.1.

 

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