Home | News | Kwara receives N2.5bn from FAAC August allocation
S/African govt won’t allow national airline fail – Minister
Why we agitate for Autonomy – NULGE President

Kwara receives N2.5bn from FAAC August allocation





Kwara Government on Wednesday said it received N2.5 billion as its federal allocation for August as against the N3.6 billion it received in July.

The State Commissioner for Finance, Alhaji Demola Banu, said in a statement in Ilorin that the allocation was N1.1 billion lower than that of July.

Banu said the money was made up of N1.7 million as statutory allocation, while Value Added Tax (VAT) attracted N761 million.

He also said that the 16 local government councils in the state got N1.8 billion as allocation for August as against the N2.6 billion they received in July.

Banu said that out of the N1.8 billion, the councils got N1.424 billion as statutory allocation, while Value Added Tax attracted N432 million.


Tags:

RELATED LINKS

CLICK HERE TO READ MORE FROM: News Visit website


view more articles

About Article Author

Kwara receives N2.5bn from FAAC August allocation
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design &development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

View More Articles

100 Most Popular News

1 2 3 4 5 Displaying 1 - 100 of 423