KWARA GETS N3.56 BILLION AS ALLOCATION FOR MARCH

Date:

Tunde Akanbi, Ilorin

 

The Kwara State government has released its federal allocation figures for the month of March, 2018.

In a statement issued on Wednesday, the Permanent Secretary of the State Ministry of Finance, Mr. Benjamin Fatigun disclosed that the State government got a total of N3, 561, 553, 082.85 as allocation for March, against the N3,481,218,905.35 it received in February.

A breakdown of the allocation figures show that the government received a statutory allocation of N2,680,606,216.87, Value Added Tax (VAT) of N876,841,666.94 and excess bank charges of N4,105,199.04, totaling N3, 561, 553, 082.85.

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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.

Mr. Fatigun said that the Local Governments’ allocation was made up of statutory allocation of N 2,022,806,777.65, Value Added Tax (VAT) of N496,751,564,21 and excess bank charges of N2,707,657.03.

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