​Kwara LGs Share N424,445,247.55 for November

The sixteen local governments in Kwara State are to share  N424,445,247.55 for the month of November 2016. The figure represents their share of the N1, 251,637,135.43 total allocation received by the local governments from the Federation Account for the month. The N424.4m also includes 10 per cent of the state government’s distributable internal revenue for the month.  

 The Kwara State Commissioner for Finance, Alhaji Demola Banu, made this known while addressing newsmen after the monthly Joint Account Allocation Committee (JAAC) meeting held at Ministry of Finance, Ilorin.  Giving a breakdown of the distribution, Alhaji Banu said N900, 000,000 was allocated for the payment of Basic Education teachers’ salary, after deductions for loan repayments. Of the remainder, local government pensioners got a total of N116, 794,778.09.  The 16 local governments got N287, 567, 834. 28 in addition to N136, 877413.27 extraordinary inflow from exchange rate difference as well as N54, 225,476.94, being ten per cent of State IGR, bringing the total amount distributable to the third tier of government to N424,445, 247.55.
Banu said the committee mandated him to seek Kwara State Governor, Alhaji Abdulfatah Ahmed’s intervention in the form of augmentation to enable the local governments pay a full month’s salary as the distributable amount fell significantly short of the amount required.  
He however stressed that any augmentation will depend on the resources available to the state which he said was also affected by the drop in federal allocation. On the reported savings from the elimination of ghost workers in the state, Banu said although an indicative figure was made public, actual savings will be known only after November salaries are paid.
He said savings from the exercise will be warehoused by the Ministry of Finance until all complaints are dealt with.