Home News State By State Kwara Govt Receives N3.28bn Revenue Allocation In March

Kwara Govt Receives N3.28bn Revenue Allocation In March

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…  no worker gets below N30,000 in Kwara henceforth, says govt.

By Mosunmola Ayobami,Kwara

Kwara State government on Saturday said it received N3.28billion as revenue allocation (inflow) for March.

This was contained in a statement from the state Ministry of Finance and Planning.

The breakdown of the allocation figures showed a statutory revenue allocation (SRA) of N1.78billion (net); Value Added Tax (VAT) N1.45 billion; foreign Equalisation Fund, N45.9million;  Excess Bank Charges, N3.15million; and a total deduction of N350.07million.

The total inflow for the month is lower than the one for February which was N3.58 billion, the statement added.

The dip in the monthly allocation also affected the 16 local government areas as they got a total inflow of N2 billion, as against N2.42 billion received in February.

The breakdowns of the allocation to the 16 LGAs are SRA of N1.15 billion (net); VAT of N819.57million; Forex Equalisation Fund, N30.2million; Excess Bank Charges, N2.08million and total deductions of N253.9million, inclusive of two months’ deductions for equipping healthcare centres at Local Government areas.

“With the LGAs having exhausted their savings to augment salary as allocations continued to drop in the past months, they now require support of N110.7million from the state government to be able to pay 100 per cent salary at N30,000 minimum wage (for GL01-08) alongside their other first-line charges for the month of March,” the statement said.

 

 

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