Commissioner for Finance, Budget and Economic Planning, Mukadam Asiru Idris, who disclosed this while speaking on the June allocation, stated that N3.6 billion is allocated to thestategovernment while N2.9 billion is allocated to the 21 local government areas in thestate.
According to him, the net statutory allocation for the month of June is N2,390,270,222.22, explaining that the value added tax (VAT) for the month of June is N1,031,567.784.95.
The commissioner further explained that the exchange gain and excess bank charge for June is N195,062,398.85 and 7,895,816.25 respectively.
Asiru added that N3,624,796,222.22 stand as KogiState gross statutory distributable income for June while N2,126,171,584.30 stand as net statutory allocation.
The Finance Commissioner explained that the administration of Yahaya Bello will continue to deliver good governance to the people ofKogiState through accountability, adding that the New Direction Ideology remain an open government and committed to the service ofthe people.