Kogi Govt Publishes June Allocation
Ruth Omosayin
Kogi State Commissioner for Finance, Budget and Economic Planning, Asiwaju Asiru Idris has published the statutory allocation to the State from the Federation Account.
According to him, the publication is to ensure transparency and accountability.
See his Statement:
“*THE FAAC
ALLOCATION ACCRUE TO KOGI STATE FOR THE MONTH OF JUNE, 2020.*
Sequel to the avowed spirit of doing more inclusively with the New Direction core values of transparency,accountability and efficiency ,the Ministry of Finance, Budget and Economic planning has once again, openly submitted the allocations from the Federation Account for the month of June 2020 for both state Government and the local Government councils.
The state net statutory allocation for the month of June is N2,390,270,222.22. The value added tax(VAT) for the month of June is N1,031,567.784.95. The Exchange gain and Excess bank charge for the month of June is N195,062,398.85 and 7,895,816.25 respectively.
Therefore,the state gross statutory distributable income for the month of June is N3,624,796,222.22
The 21 local government areas in Kogi state received a net statutory allocation of N2,126,171,584.30 for the month of June . The Value added tax(VAT) for the month of June is N706,427,235.29. Also,the Exchange gain and Excess bank charge for the month of June is N141,437,346.22 and N5,927,551.32 respectively.
Hence,the local Government areas gross statutory allocation is N2,984,963,717.13
The above figures summarise the receipt for the month of June for both state and LGA’s. Its 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.
Signed:
Mukadam Asiwaju Asiru Idris,FCA
Hon. Commissioner of Finance, Budget and Economic planning
Kogi state”.