FAAC: Kwara Govt gets N3.5bn for September

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Governor Abdulfatah Ahmed of Kwara state
FAAC: Kwara Govt gets N3.5bn for September

By Olayinka Owolewa

Kwara Government received N3.5 billion as its share of the federal allocation for September.

The state Commissioner for Finance, Alhaji Demola Banu, who disclosed this in a statement on Friday in Ilorin, said the amount was an increase over the N2.5 billion it got in August.

Banu gave the breakdown as N2.7 billion being statutory allocation and Value Added Tax (VAT) of N813 million, totaling N3.5 billion.

The commissioner said that the 16 local governments in the state received a combined allocation of N2.5 billion for September, against N1.8 billion they got in August.

He noted that the amount was made up of a statutory allocation of N2 billion and Value Added Tax (VAT) of N461 million.(NAN)


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