Kwara State Receives N3billion As June Allocation

The Kwara State Government has said it received the sum of N3,117, 634, 155.58 from the federation account as its June 2016 allocation.

A statement by the Commissioner for Finance, Alhaji Demola Banu, revealed that the state government got a statutory revenue allocation (SRA) of N1,964, 362,872.63; VAT of N621, 720, 038.40; Exchange Difference of N473,821.529.00; and proceeds from solid minerals, N57,729,715.55, totalling N3,117, 634,155.58.

The local government areas got N2, 233,730,999.61 for June. The councils received a statutory allocation of N1,532,966, 930.89; VAT of N352,531,877.20; exchange difference of N312,517,416.19; and proceeds from solid minerals, N35,714,775.33, totalling N2,233, 730,999.61.

The commissioner added that the details of the allocation will be publicised after the Joint Accounts Allocation Committee (JAAC) meeting next week.