Kwara Unveils Details of September Allocation

By Modupe Gbadeyanka

Details of the September allocation for Kwara State from the Federal Accounts Allocation Committee (FAAC) have been released by the state government.

Commissioner for Finance in the state, Mr Demola Banu, in a statement last Thursday that a total of N3.5 billion was received by Kwara State as allocation for September against the N2.5 billion it received in August.

Giving a breakdown of the allocation figures, Mr Banu disclosed that the state government got a statutory allocation of N2.7 billion and Value Added Tax (VAT) of N813.2 million, totalling N3.5 billion.

He also announced that the 16 local government councils in the state received a total of N2.5 billion as allocation for September against the N1.9 billion they got last month.

Mr Banu said that the sum was made up of a statutory allocation of N2.1 billion and Value Added Tax (VAT) of N461.5 million, making a total of N2.5 billion.

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kwara allocation

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.