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Kwara gets N4.3 billion federal allocation for August

The Kwara government has confirmed receipt of N4.3 billion as federal allocation for August.

• September 2, 2021
Kwara state governor, AbdulRahman AbdulRazaq and Minister of Finance, Zainab Shamsuna Ahmed
Kwara state governor, AbdulRahman AbdulRazaq and Minister of Finance, Zainab Shamsuna Ahmed

The Kwara government has confirmed receipt of N4.3 billion as federal allocation for August.

The government announced this in a statement issued by its Ministry of Finance.

The statement was issued on Wednesday in Ilorin by the ministry’s spokesman Abubakar Daibu.

It revealed that the allocation comprised statutory revenue allocation (gross) of N3.5 billion; deductions (loans) of N672 million; SRA (net) N2.8 billion; value-added tax (VAT) of N1.4 billion, and exchange gain difference of N13.1 million.

The statement added that the 16 local government areas also received N2.9 billion as federal allocation for August.

The figures comprised SRA (gross) N2.3 billion, deductions N175.3 million, SRA (net) N2.1 billion, VAT N796 million, and exchange gain difference N8.6 million.

(NAN)

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