…as 16 LGs share N2.9bn
By Mosunmola Ayobami,Kwara
Kwara State Government has received a total inflow of N4.3billion as federal allocation for the month of August,
This was contained in a statement signed by Press Secretary, Kwara State Ministry of Finance Daibu Abubakar on Wednesday.
The allocation comprises statutory revenue allocation SRA (Gross) of N3.56billion; deductions (loans) of N672million; SRA (Net), N2.89billion; Value Added Tax (VAT) of N1.4billion and Exchange Gain Difference of N13.19million.
The statement added that the 16 local government areas also received a total sum of N2.98billion as federal allocation for the month of August.
The figures comprise SRA (Gross) N2.35billion; Deductions N175.36million; SRA (Net) N2.17billion; VAT N796.5million and Exchange Gain Difference N8.68million