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The Kwara State Government has received a total sum of N3,092,495,479:52 as federal allocation for the month of June 2020.
The State Commissioner for Finance and Planning, Olasumbo Florence Oyeyemi, disclosed this in a statement issued on Saturday in Ilorin, the state capital.
“The breakdown of the allocation are (net) statutory revenue allocation of N1,994,859,433:79; Value Added Tax of N934,174,265:19; Exchange Gain of N157,102,519:91; and Excess Bank Charges of N6,359,260:63.
“The 16 local government areas got a total sum of N2,142,342,139:55 as allocation for the month,” she said.
The State Government, according to the statement, has meanwhile paid a total sum of N2,819,603,697.34 as salary and pension, gratuities, subventions to tertiary institutions, and allocations to its ministries, departments, and agencies (MDAs).
“While salaries and pension gulped N2, 256,705,810:18, the state paid N100,000,000 as gratuity, N127,067,868.99 as monthly subventions for the tertiary institutions, and N335,830,018,17 as allocations to various MDAs,” the commissioner said.
