The Kwara State Government will receive N3.9 billion from the Federation Accounts Allocation Committee (FAAC) for the month of November, 2018.
The State Commissioner for Finance, Alhaji Demola Banu, said this in a statement, in Ilorin, on Thursday.
Banu said that the state’s allocation was made up of statutory allocation of N2.889 billion, Value Added Tax of N1.006 billion and exchange rate gain of N4.425 million.
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He said that the 16 local governments in the state would receive N2.807 billion allocation for November.
Giving a breakdown of the allocation, he said the local councils would get statutory allocation of N2.233 billion, Value Added Tax of N571 million and exchange gain of N2.9 million. (NAN)
