Panic Grips Kogi Workers Over Another Slash In Salaries, As April Monthly Allocation Drops By 30%
The shortfall witnessed in the April statutory allocation to Kogi State has sent fears in the minds of the workers over another anticipated slash in there salaries.
Workers in the state were paid 80%, 40% and 35% respectively as salaries for State, Teachers and Local Government workers in April.
But with a 30% shortfall in the current allocation, workers are gripped by fears of another slash in the ratio of 50%, 10% and 5% going by the deduction to the allocation.
The state net statutory allocation for the month of April is N1,736,231,350.68. The value added tax( VAT) and exchange gain for the month of April is N938,018,569.93 and N186,683,266.69 respectively.
Therefore ,the state gross statutory revenue income for the month of April is N2,860,933,186.62 compared to N4,078,691,569.91 for the month of March.
The 21 local government areas in Kogi state received a net statutory allocation of N1,517,706,851.32
The value added tax (VAT) and Exchange gains for the month of April is N642,963,989.13 and N140,146,959.74 respectively. Hence, the local Government areas gross statutory revenue is N2,300,817,800.19
The Commissioner for Finance in a statement issued to announce what was accrued to the state said from the summary, it is obvious that the allocation acrue to the state is in gross deficit, therefore, the state finances cum responsibility to her citizens will be badly affected.
He however assured that but as a responsible and responsive government, services will still be rendered within the circumstances at hand.
The Accountant General of the Federation has already credited the state accounts at the end of the FAAC meeting which was virtually held.
Workers in the state were paid 80%, 40% and 35% respectively as salaries for State, Teachers and Local Government workers in April.
But with a 30% shortfall in the current allocation, workers are gripped by fears of another slash in the ratio of 50%, 10% and 5% going by the deduction to the allocation.
The state net statutory allocation for the month of April is N1,736,231,350.68. The value added tax( VAT) and exchange gain for the month of April is N938,018,569.93 and N186,683,266.69 respectively.
Therefore ,the state gross statutory revenue income for the month of April is N2,860,933,186.62 compared to N4,078,691,569.91 for the month of March.
The 21 local government areas in Kogi state received a net statutory allocation of N1,517,706,851.32
The value added tax (VAT) and Exchange gains for the month of April is N642,963,989.13 and N140,146,959.74 respectively. Hence, the local Government areas gross statutory revenue is N2,300,817,800.19
The Commissioner for Finance in a statement issued to announce what was accrued to the state said from the summary, it is obvious that the allocation acrue to the state is in gross deficit, therefore, the state finances cum responsibility to her citizens will be badly affected.
He however assured that but as a responsible and responsive government, services will still be rendered within the circumstances at hand.
The Accountant General of the Federation has already credited the state accounts at the end of the FAAC meeting which was virtually held.
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