IKA NORTH-EAST, IKA SOUTH RECEIVE SEPTEMBER ALLOCATION

               

In the release which emanated from the office of the
Accountant-General of the Federation, Ika North East Local Government Council
received a total Allocation of N151, 943, 484.27 (one hundred and fifty-one
million, nine hundred and forty-three thousand, four hundred and eighty-four
naira, twenty-seven kobo).

               

The breakdown shows that N54, 758, 615.79
(fifty-four million, seven hundred and fifty-eight thousand, six hundred and
fifteen naira, seventy-nine kobo) was from 
Gross Statutory Allocation, with N11, 292, 136.22 (eleven million, two
hundred and ninety-two thousand, one hundred and thirty-six naira, twenty-two
kobo) coming from Distribution from Foreign Excess Crude Savings Account for
August, 2009 Augmentation, while N64, 568, 656.32 (sixty-four million, five
hundred and sixty-eight thousand, six hundred and fifty-six naira, thirty-two
kobo) was from Distribution of two billion dollars from Foreign Excess Crude
Savings Account. The amount of N6, 149, 743.92 (six million, one hundred and
fourty-nine thousand, seven hundred and forty-three naira, ninety-two kobo)
came from Exchange Gain Allocation while N15, 174, 332.03 (fifteen million, one
hundred and seventy-four thousand, three hundred and thirty-two naira, three
kobo) was from Value Added Tax.

               

For Ika South Local Government Council, Gross
Statutory Allocation amounted to N52, 197, 589.69 (fifty-two million, one
hundred and ninety-seven thousand, five hundred and eighty-nine naira,
sixty-nine kobo), Distribution from Foreign Excess Crude Savings Account for
August, 2009 Augmentation, N10, 764, 010.10 (ten million, seven hundred and
sixty-four thousand, ten naira, ten kobo), Distribution of two billion dollars
from Foreign Excess Crude Savings Account, N61, 548, 820. 78 (sixty-one
million, five hundred and fourty-eight thousand, eight hundred and twenty
naira, seventy-eight kobo), Exchange Gain Allocation, N5, 862, 124.25 (five
million, eight hundred and sixty-two thousand, one hundred and twenty-four
naira, twenty-five kobo), and Value Added Tax, N14, 597, 155.29 (fourteen
million, five hundred and ninety-seven thousand, one hundred and fifty-five
naira, twenty-nine kobo) bringing the Total Allocation to N144, 969, 700.11
(one hundred and fourty-four million, nine hundred and sixty-nine thousand,
seven hundred naira, eleven kobo).