Connect with us

Uncategorized

Kwara LGs share  N745.4m, teachers get N1.1bn in February

Published

on

Kwara LGs share  N745.4m, teachers get N1.1bn in February

Gov. Ahmed

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.

Facebook Comments Box

DOWNLOAD ROYAL NEWS eCOPY March 28, 2022


Copyright 2022 ROYAL NEWS. All rights reserved. Digital material on this website, may not be published, reproduced, broadcast, rewritten or redistributed in whole or in part without prior express written permission from ROYAL NEWS.

Contact: info@royalnews.com.ng

Download ROYAL NEWS app

Advertisement
Click to comment

Leave a Reply

Your email address will not be published.