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Home North Central

Kogi unveils statutory allocation for September

Next Edition by Next Edition
October 26, 2017
in North Central, Top News
Kogi unveils statutory allocation for September
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As part of efforts to show its transparency, the Kogi State government has unveiled its allocations from the Federation Account for the month of September 2017 for both the state government and the local government councils.

The allocations followed the outcome of the Monthly Federation Account Allocation Committee (FAAC) meeting for the month of September which was held in Abuja on October 24, 2017.

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According to a statement by the state’s Commissioner for  Finance and Economic Development, Asiwaju Idris Asiru, the move was to further demonstrate the ideology of transparency, efficiency and accountability of the state government.

The commissioner said that the net statutory allocation for the month of September is N2,414,041,323.57 as against N3,338,804,388.52 received for the month of August.

The value added tax for the month of September, he said, is N849,499,135.14 as against N909,135,970.86 received in the month of August.

The foreign exchange difference for the month of June, July and August are N126,669,641, N95,234,355.50 and N136,371,848.87 respectively, he stated.

READ ALSO: Unpaid salaries: Organised labour threatens showdown in Kogi

Other details are contained in the statement which reads in part:

“Therefore, the state gross statutory distributable income for the month of September is N3,621,816,304.48

“The 21 local government areas in Kogi State received a net statutory allocation of N2,108,047,024.91 for the month of September as against N2,892,258.28 received last month.

“The value added tax for the month of September is N582,387,195.64 as against N620,482,976.92 received for the month of August.

“Also, the foreign exchange difference for the month of June, July and August are N95,093,499.53,N71,494,385.23 and N102,377,145.81 respectively.

“Also, the local government areas gross statutory allocation is 2,959,399,251.12

“Conclusively, there was a decrease in gross statutory revenue of N626,124,654.90 and N553,342,409.08  for the state and local government respectively for the month of September compared to the previous month of August.”

The commissioner said to further prove the genuineness of efforts to curb corruption in the state civil service and onslaught against ghost workers, the government would continually make public the updated list of paid workers.

“Also we shall continue to publish revelations from the staff verification exercise, including certificate status of the civil servants whose certificates and other official documents were duly verified,” he added.

Tags: KogiNEXT EDITIONnorth centralSeptemberstatutory allocationTop news
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