The Kogi State Government on Wednesday night confirmed the receipt of N3,621,816,304.48 billion as statutory allocation released to the state for the month of September 2017.
The State Commissioner for Finance, Idris Ashiru, said in a statement in Lokoja that the State’s net statutory allocation for the month of September is N2,414,041,323.57, as against N3,338,804,388.52 received for the month of August.
“The Value Added Tax (VAT) for the month of September is N849,499,135.14 as against N909,135,970.86 received in the month of August.
“The Foreign Exchange (FOREX) difference for the month of June, July and August are N126,669,641, N95,234,355.50 and N136,371,848.87 respectively.
“The 21 local government areas in Kogi state received a net statutory allocation of N2,108,047,024.91 for the month of September as against N2,892,258.28 received last month.
“The value added tax (VAT) for the month of September is N582,387,195.64 as against N620,482,976.92 received for the month of August.
“Also the foreign exchange (FOREX) difference for the month of June, July and August are N95,093,499.53,N71,494,385.23 and N102,377,145.81 respectively. Also,the LGA gross statutory allocation is N2,959,399,251.12.
“There was a decrease in gross statutory revenue of N626,124,654.90 and N553,342,409.08 for the state and local government respectively for the month of September compared to the previous month of August”, the statement said.