Wednesday, June 23, 2021

    March allocation: Edo JAAC declares N2.6bn for LGAs, as monthly IGR hits N354m

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    The Edo State Joint Account and Allocation Committee (JAAC) has declared N2,582,596,600.47 as total allocation accrued to the 18 Local Government Areas (LGAs) of the state from the Federation Account for the month of March and shared in April 2019.

    Chairman, Oredo LGA, Hon. Jenkins Osunde, disclosed this at the end of the monthly JAAC meeting presided over by the Acting Governor, Rt. Hon. Comrade Philip Shaibu, at Government House, in Benin City, Edo State capital.

    Osunde, who is also Chairman, Edo State Chapter of the Association of Local Governments of Nigeria (ALGON), said the Internally Generated Revenue (IGR) for the month of March amounted to N354,348,936.65.

    Osunde noted that teachers and non-teachers’ salaries gulped N1,102,649,372.43, Local Government contributions for pension is N276,144,513.54, while pension arrears paid is N100,000,000.00. “Total deduction from LGAs is N1,688,231,322.38 and net allocation to LGAs is put at N894,365,278.09.

    Total amount transferred to LGAs stands at N881,452, 295.09,” he said

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