THE FAAC ALLOCATION ACCRUE TO KOGI STATE FOR THE MONTH OF JANUARY, 2021

THE FAAC ALLOCATION ACCRUE TO KOGI STATE FOR THE MONTH OF JANUARY, 2021

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 January 2021 for both State Government and the local Government councils.

The state net statutory allocation for the month of January is N2,684,553,627.54. The value added tax(VAT) for the month of January is N1,559,967,257.17
Therefore,the state gross statutory distributable income for the month of January is N4,244,520,884.70

The 21 local government areas in Kogi state received a net statutory allocation of N2,274,409,918.95 for the month of January . The Value added tax(VAT) for the month of January is N1,067,208,950.04.
Hence,the local Government areas gross statutory allocation is N3,341,618,868.99

The above figures summarise the receipt for the month of January 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.

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