Kogi gets N4.2bn allocation for August

The Kogi State government on Friday confirmed the receipt of N4,247,940,959.38 billion as statutory allocation released to the state for the month of August 2017.

This was disclosed in a statement issued in Lokoja by the State Commissioner for Finance, Asiwaju Idris Asiru.

"Kogi state statutory allocation for the month of August is N3,338,804,988.52 as against N2,195,137,453.33 received in the month of July. The Value Added Tax(VAT) for the month of August is N909,135,970.86 as against the July figure of N855,038,409.84.

"The state gross statutory distributable income for the month of August is N4,247,940,959.38.

"The 21 Local Government Areas in Kogi state received statutory allocation of N2,892,258,683.28 as against the figure of N1,923,794,368.34 for the month of July.

"Also the VAT figures for August is N620,482,976.92as against N582,236,382.71for the month of July.

"Conclusively, there was an increase of gross statutory revenue of N1,197,765,096.21 and N916,738,313.64 for state and local government respectively for the month of August compared to the previous month of July.

"Our decision to make the figures public is in line with our policy of transparency, efficiency and accountability to the people of our dear state," the statement said.

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