The 16 Local Government Areas in Kwara State have shared N745,463,472.03 from the State Joint Accounts Allocation Committee (JAAC) for the month of February, as all categories of workers would begin to recieve their february salaries.
The Chairman , Association of Local Governments of Nigeria (ALGON), Mr. Joshua Omokanye disclosed this while addressing newsmen after the JAAC meeting held at the Ministry of Finance Conference room Ilorin on Monday.
The State Universal Education Board (SUBEB) teachers got N1,172,676,755.21 billion from this month (February) allocation.
He said that the committee also agreed that Extra-ordinary inflow of Exchange
Difference Gain of N2,407,081.13 and N33,604,088.07 of Excess Bank Charges fund should be shared.
Omokanye also restated that 10 per cent Internally Generated Revenue (IGR)from state government of N60,328,782.57 and N547,423,329.57 from Value Added Tax (VAT) were also shared.
According to him, the 16 LGs would share N745,463,472.03 for February 2019, as the State Universal Education Board (SUBEB) teachers got N1,172,676,755.21 billion from this month (February) allocation.
He said that LG &LGEA pensioners would receive full pensions this month as the amount stood at N200,000,000 revealing that 10 per cent Internally Generated Revenue (IGR)from state government stood at N60,328,782.57 and Value Added Tax (VAT) N547,423,329.57 were also shared.
He explained that the sum of N317,677,215.94 was deducted at source as repayment for the councils’ salary related borrowings from banks.
ALGON Chairman who is also Chairman, Oyun Local Government Area explained that statutory allocation for the month of February stood at N1,828,065,331.04 as against N2,004,121,164.77 in the previous month.
The Chairman explained that the fund was appropriated in line with law guiding the local government account which included;Teachers salary N1,172,676,755.21 ;LG and LGEA pension N200,000,000 among others.
He explained that the distribution of the allocations among the Local Government Councils in the state was done in accordance with section 4(2) of the state Joint Local Government Account Law (cap80) as amended by Law 15 of 2001.
“The fund was appropriated in line with law guiding the local government account. JAAC was assembly of 16Local Government chairmen without the inference of state government”, he stated.
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