JAAC: Kwara LGs receive N200m augmentation for salary

The 16 local government areas in Kwara State have received N12.5 million each in addition to the federal allocation for the month of May, 2016 to augment salary payment.

Speaking with journalists, on Tuesday, after the State Joint Account Allocation Committee (JAAC) meeting, in Ilorin, the Commissioner for Finance, Alhaji Demola Banu, said the fund was to increase the capacity of the LGAs to pay the salary of their workers.

Banu said that the N200 million augmentation came from the savings accrued to the 16 Local Government Councils from the Federal Government’s recent restructuring of loans.

He emphasised the 16 LGs still paid N170million monthly to banks for previous salary-related borrowing.