The Kogi State Government has acknowledged the receipt of a gross statutory income of N3.621 billion for the month of September.

In a statement issued on Thursday in Lokoja, the state Commissioner of Finance and Economic Development, Asiwaju Idris Asiru, disclosed that following the monthly Federation Account Allocation Committee (FAAC) meeting for September held in Abuja on the 24th of October 2017, the state’s net statutory allocation for the month is N2,414,041,323.57 as against N3,338,804,388.52 received in August.

According to the statement, the value added tax (VAT) for September is N849, 499,135.14 as against N909, 135,970.86 received in August.

The foreign exchange (FOREX) difference for June, July and August are N126, 669,641, N95,234,355.50 and N136,371,848.87 respectively.

Therefore, the state gross statutory distributable income for September is N3,621,816,304.48

He stated that the 21 Local Government Areas in Kogi State received a net statutory allocation of N2,108,047,024.91 for September as against N2,892,258.28 received last month.

The Value added tax (VAT) for September is N582,387,195.64 as against N620,482,976.92 received for August.

“Also the foreign exchange (FOREX) difference for the month of June, July and August are N95,093,499.53, N71,494,385.23 and N102,377,145.81 respectively.

Also, the LGA gross statutory allocation is 2,959,399,251.12

“Conclusively, there was a decrease in gross statutory revenue of N626,124,654.90 and N553,342,409.08 for the state and local government respectively for the month of September compared to the previous month of August.

“To further proof our genuineness to curb corruption in the state civil service and onslaught against ghost workers, as a state we shall continually make public the updated list of paid workers. Also shall continue to publish revelations from the staff verification exercise, including certificate status of the civil servants whose certificates and other official documents were duly verified,” the Commissioner said.

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