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FAAC: Kwara releases March allocation figures

 

The Kwara State Government has released figures of its allocation from the Federation Account through the Federal Accounts Allocation Committee.
This was contained in a statement issued yesterday by the Permanent Secretary of the Ministry of Finance, Benjamin Fatigun.
Fatigun disclosed that the state government got a total of N3,561,553,082.85 as allocation for March.
This was against the N3,481,218,905.35 it received in February.
A breakdown of the allocation figures showed that the government received a statutory allocation of N2,680,606,216.87, Value Added Tax of N876,841,666.94 and excess bank charges of N4,105,199.04, totaling N3,561,553,082.85.
The Permanent Secretary also announced that the 16 local government areas in the State received a total of N2,522,265,998.89 as allocation for March, against the N2,467,884,722.19 they got last month.
Fatigun said the LGs’ allocation was made up of statutory allocation of N2,022,806,777.65, Value Added Tax of N496,751,564,21 and excess bank charges of N2,707,657.03.

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