Fri. Nov 22nd, 2024

Kwara Releases Details of November Allocation

kwara-governor

By Dipo Olowookere

Kwara State government has released federal allocation figures for the month of November, 2016.

According to figures released on Wednesday by the State Commissioner for Finance, Alhaji Demola Banu, the State government received a total of N2, 233, 401, 908.90 as allocation for November.

While giving a breakdown of the allocation figures, Alhaji Banu disclosed that the State government got a statutory revenue allocation N781, 486, 678.02; Value Added Tax (VAT) of N658, 999, 903.27; exchange gain difference of N207, 525, 922.98 and excess Petroleum Profit Tax (PPT) of N585, 389, 404.63, totaling N2, 233, 401, 908.90.

The Finance Commissioner also gave details of the allocation received by the 16 local government councils in the State for the month of November to include statutory revenue allocation of N759, 191, 418.32; Value Added Tax (VAT) of N374, 306, 456.82; exchange gain difference of N136, 877, 413.27 and excess Petroleum Profit Tax of N392, 699, 670.60, giving a total of N1, 663, 074, 959.01.

By 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.

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