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Kwara State Government has received N2.9 billion as its federal allocation for February, with N182,075,917.36k higher when compared with last month’s allocation.
According to the Kwara State Government, the allocation comprises Statutory Revenue Allocation SRA (gross) of N1.7 billion deductions (loans) of N1.3 billion eight million Naira; SRA (net) of N699,457,683.87; Value Added Tax (VAT) of N1,665,520,784.67; Excess Bank charges of N33,391,774.95k and Non-oil Revenue of N488,261,483.95.
February allocation figure is higher by N291,079,653.10k when compared with last month, but still represents a worrisome downward trend in revenue.

A statement from the Ministry of Finance said the 16 local governments also received N2,546,039,717.27k (net) as federal allocation for the month of February.
The statement asserted that the figures comprise SRA (Gross) N1,297,699,856.05k; Deductions N37,797,083.19k; SRA (Net) N1,259,902,772.86k and VAT N943, 514,314,.35; Excess Bank charges of N21,302,611.76k and Non Oil Revenue of N321,320,018.30k.
The statement stated that the figure was higher, though it means the local governments will need extra funds to pay 100 percent salary.