The Kogi State Government has confirmed the receipt of ₦4.4 billion as gross distributable statutory allocation for the month of September 2020 from the federation account.
This was disclosed in a statement by Mukadam Asiwaju Idris, the state Commissioner for Finance, Budget and Economic Planning.
Giving a breakdown of the fund, Idris said the state net statutory allocation for the month of September is N1,649,069,915.11.
The value-added tax(VAT) for the month is ₦1,396,284,134.53. The forex equalisation and non-oil revenue for the month is N267,913,324.74 and 350,451,972.71 respectively.
The Federal government intervention fund for the month is ₦487,829,146.01
Similarly a total of ₦3.4 billion accrued to the 21 Local Government Areas, LGAs in the State.
The Commissioner disclosed that the local government areas received a net statutory allocation of N1,649,069,914.11 for the month. The Value added tax (VAT) is ₦957,985,963.25.
Also, the forex equalisation and non-oil revenue for the month is N201,128,031.46 and N263,091,488.49 respectively. The Federal government intervention fund is N366,223,351.97.
“The above figures summarise the receipt for the month of September for both state and LGA’s.
“It’s a responsibility placed on us by our quest as an administration to deliver good governance to the people via accountability and openness, which by virtue of the New Direction Ideology, we shall remain committed without reneging,” he said.
NAN