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Kwara govt releases figure for fresh allocation for May 2020

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Kwara govt releases figure for fresh allocation for May 2020

Kwara State government has received the sum of N3.1billion fom the federal government as allocation for thr month of May 2020.

ROYAL NEWS reports that the allocation is lower by 304,379,840:55 compared with the receipt for April. Meanwhile, the 16 Locsl government area of the state got N2,374,870,281:05

The figure is lower by N187,384,602:25 compared with the April figure, according ro a statement issued by the Commissioner for Finance and Planning in the, Mrs. Florence Olasumbo Oyeyemi on Saturday.

Kwara govt releases figure for fresh allocation for May 2020

However, it would be recalled that the federal government recently deferred all loan deductions for state governments from April 2020 to April 2021 to lessen the impact of the plummeting oil price and COVID-19 pandemic on the finances of the states.

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