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KWSG Receives N4.3bn Fed Allocation for Month of August, 16 LGs get N2.9bn

By Editor 01/09/2021

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Kwara State Government has received a total inflow of N4,313,554,832.86k as federal allocation for the month of August, according to a statement from the Ministry of Finance.

According to the press secretary, state ministry of Finance, Daibu Abubakar said the allocation comprises statutory revenue allocation SRA (Gross) of N3,560,049,341.14k; deductions (loans) of N672,332,412.51k; SRA (Net):N2,887,716,928.63k Value Added Tax (VAT) of N1,412,643,896.40k and Exchange Gain Difference of N13,194,007.83k.

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The statement said the 16 local government areas also received a total sum of N2,977,927,751.25k as federal allocation for the month of August.

The figures comprise SRA (Gross) N2,348,093,857.09k; Deductions N175,356,577.30k; SRA (Net) N2,172,737,279.79k; VAT N796,507,626.35k and Exchange Gain Difference N8,682,845.11k.

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