Breaking….Kwara gets N4.2bn federal allocations for June

Kwara State Government has announced the receipt of the sums of N4,202,659,072.11 (four billion, two hundred and two million, six hundred and fifty nine thousand, seven two naira and eleven Kobo) for the month of June, 2019.

The announcement was contained in a statement on Friday by Mr Benjamin Fatigun, the permanent secretary of the state ministry of finance, who represented Kwara at the FAAC meeting of June 27, 2019 in Kano.

The breakdown of the money for the state include statutory revenue allocation (SRA) of N3,193,761,125:58; Value Added Tax of

N1,002,461,709.09; and Exchange rate gain of N6,436,237:44, according to the statement.

The statement  said the entire 16 local government areas also received the total sums of two billion, six hundred and seventy five million, three hundred and seventy seven naira, thirty one Kobo (2,679,675,377.31).

The breakdowns for the LGAs are 2,106,501,950.22 (SRA); 568,928,292.22 (VAT); and 4,245,134.87 (Exchange Gains), it added.

Governor AbdulRahman AbdulRazaq, meanwhile, has directed the immediate payment of June salary to the state’s workers.

The wage bill comes to N2.2bn, according to a statement by the governor’s spokesman Rafiu Ajakaye.