See Federal allocation to Kogi State for the month of June »

Sequel to it’s commitment to ensuring transparency, accountability and efficiency in the fiscal responsibility, the Kogi State Ministry of Finance, Budget and Economic planning has once again, published the allocations from the Federation Account for the month of June 2020 for both State and the local Government councils.

In a statement issued by the Commissioner for Finance, Budget and Economic planning, Mukadam Asiwaju Asiru Idris, he said the state Net Statutory Allocation for the month of June is N2,390,270,222.22. With the Value Added Tax (VAT) for the month of June totaling N1,031,567.784.95.

He said 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 totaled N3,624,796,222.22

Accordingly, the 21 local government areas in Kogi state received a net statutory allocation of N2,126,171,584.30 for the month of June. Value Added Tax (VAT) for the month stood at 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.

He added that the local Government areas gross statutory allocation for the month under review stood at N2,984,963,717.13

Asiwaju said it became petition to publish the monthly income of the state from the Federal Government because It was the responsibility placed on the government to deliver good governance to the people via accountability and openness, which by virtue of the New Direction Ideology, they still remained committed to without reneging.