See how much Kwara State got as Federal allocation for the month of January

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This blog reports that, Kwara State Government has received a total inflow of N3,576,113,211:84 (net) as federal allocation for the month of January, a statement has said.

A statement from Daibu Abubakar, Press Secretary, Ministry of Finance and Planning says, the allocation comprises statutory revenue allocation SRA (Gross) of N2,255,681,423:03; deductions (loans) of N311,433,452:27; Value Added Tax (VAT) of N1,573,032,994:62; Exchange Gain Difference of N21,194,766:68; and Forex Equalization fund of N37,637,479.78.

The figure is higher by N171,429,665:67 when compared with last month, while N776,799:59 was deducted at source in Abuja from State fund as the first tranche of 12 for payment of FAAC Disbursement Software, the statement added.

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The statement said the 16 local government areas also received a total sum of N2,310,296,927:17 (net) as federal allocation for the month of January.

The figures comprise SRA (Gross) 1,487,774,799:00; Deductions N106,965,494:08; SRA (Net) N1,380,809,304:92; VAT 890,683,767:79; Exchange Gain Difference N13,979,385:31; and Forex Equalization fund N24,824,469:15.

The figure is higher by N95,263,882:26 when compared with last month, while N932,159:52 was also deducted at source in Abuja for payment of FAAC Disbursement Software from the LGAs’ allocation.


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