Kwara State government has received a total of N3,280,571,173:55 as total allocation (inflow) for March from the Federal Revenue Mobilization and Allocation Committee.
A statement obtained by the FidelinfoNews and signed by Daibu Bashir, the press secretary, Ministry of Finance indicated that there was a shortfall in allocation, and local governments will need the support of the State government in order to fulfil salary obligations for the month of March.
The statement read in parts, “The breakdown of the allocation figures comprises statutory revenue allocation (SRA) of N1,780,906,717:37 (net); Value Added Tax (VAT) of N1,450,601,517:80; Forex Equalisation Fund of N45,905,022:05; Excess Bank Charges of N3,157,916:33; and total deductions of N350,066,963:71.
“The total inflow for the month of March is lower than the one for February which was N3,579,792,341:91, the statement added.
The dip in the monthly allocation also affected the 16 local government areas as they got a total inflow of N2,003,444,477:39, as against the total inflow of N2,419,090,836:31 received in February”.
It also added “The breakdowns of the allocation to the 16 LGAs are SRA of N1,151,585,239:24 (net); VAT of N819,571,407:14; Forex Equalisation Fund of N30,209,637.68; Excess Bank Charges of N2,078,193:33; and total deductions of N253,936,350:68, inclusive of two months’ deductions for equipping healthcare Centres at Local Government areas”.
It further added that “With the LGAs having exhausted their savings to augment salary as allocations continued to drop in the past months, they now require a support of N110,721,693:89 from the state government to be able to pay 100 percent salary at N30,000 minimum wage”.