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Home State FAAC: As Kwara Gets N3.3bn for March, 16 LGAs to share N2.4bn
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FAAC: As Kwara Gets N3.3bn for March, 16 LGAs to share N2.4bn

By
Alabidun Shuaib Abdulrahman
-
March 28, 2019
Kwara Governor Abdulfatah
Kwara Governor Abdulfatah

FAAC: As Kwara Gets N3.3bn for March, 16 LGAs to share N2.4bn

By Alabidun Shuaib Abdulrahman

Kwara State Government said it has received a sum of N3,307,918,431,91 as allocation from the Federation Accounts Allocation Committee (FAAC) for the month of March, 2019.

The State Commissioner for Finance, Alhaji Demola Banu, made this known in a statement he released to newsmen in Ilorin on Thursday.

Read Also:

  • Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, Zamfara
  • UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication
  • Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

According to Banu, the State Government’s allocation was made up of statutory receipt of N2,135,323,050.74bn, Value Added Tax (VAT) of N901,610,816.11m, exchange gain of N4,725,434.41m, excess bank charges of N25,193,474.21m, and foreign exchange equalisation N241,065,656.44m.

He further explained that the 16 Local Government Councils in the State are to receive N2,425,638,638,39 as allocation for the month.

The Commissioner, however, clarified that the council’s allocation comprises statutory allocation of N1,735,851,170.04bn, VAT of N511,054,779.12m, exchange gain of N3,116,744.30m, excess bank charges of N16,616,803.97m and foreign exchange equalisation of N158,999,140.96m.

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Alabidun Shuaib Abdulrahman
Alabidun Shuaib Abdulrahman
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Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, ZamfaraUNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of CommunicationKano Separated Conjoined Twins Return Home After Successful Surgery in S/ArabiaCourt Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other TerroristsKano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children CrisisPolice Chief Tasks Border Patrol Commanders on Enhanced SecurityAir Chief Links Fiscal Discipline to Nigeria’s National Security, Operational ReadinessArmy Arrest Notorious Cattle Rustlers, Recover Arms in PlateauTroops Repel Bandits’ Attacks in Kaduna, Katsina, Recover Rustled CattleMining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri Idakwo LarubaNIPR Inducts 422 New Members, Urges Commitment to National UnitySowore’s Provocation, Onanuga’s Plea and the DSS OverreachNigerian Troops Intercept Ransom Money, Recover 160 Rustled CattlePolice Nab 'Obi of Lagos,' Foil ₦1.5 Billion New Palace FraudRenewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id
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