…gets N3.2bn as against N3.5bn in February
By Wole Adedeji, Ilorin.
Kwara State at the weekend received an allocation of N3,280,571,173.55 (N3.2bn) for the month of March as against N3,579,792,341.91 it got in February.
The State Ministry of Finance and Planning in a statement gave the breakdown of the allocation figures to comprise Statutory Revenue Allocation (SRA) N1,780,906,717.37 (net); Value Added Tax (VAT) N1,450,601,517.80; Forex Equalisation Fund N45,905,022.05; Excess Bank Charges of N3,157,916.33 and total deductions of N350,066,963.71.
Similarly, the dip in the monthly allocation also affected the 16 Local Government Areas (LGAs). They got N2,003,444,477:39 as against N2,419,090,836:31 they got in February.
The breakdown in the LGAs are SRA; N1,151,585,239:24 (net); VAT; N819,571,407:14; Forex Equalisation Fund of N30,209,637.68; Excess Bank Charges, N2,078,193:33; and total deductions of N253,936,350:68, inclusive of two months’ deductions for equipping Healthcare Centres at the Local Government areas.
With the LGAs having exhausted their savings to augment salaries because their allocations continued to drop in the past months, they would require a support of N110,721,693:89 from the state government to be able to pay 100% salaries at N30,000 minimum wage (for GL01-08) alongside their other first line charges for the month of March.