The Edo State Joint Account and Allocation Committee (JAAC), has declared a total of N2.8 billion as allocation that accrued to the 18 Local Government Councils in the state from the Federation Account for the month of March.
The Internally Generated Revenue (IGR) from the 18 local councils in the state rose by 44% to N187,076,193.66.
Chairman, Esan South-East Local Government Council, Hon. Victor Emuakhagbon, disclosed this at the end of JAAC meeting which was presided over by the Governor, Mr. Godwin Obaseki, at the Government House in Benin City, Edo State.
According to him, â€œThe total receipt for the month of March and shared in April was N2, 784, 590, 281. 12. Teachersâ€™ salaries was N1, 103,807,046.71; deduction for pension was N264, 115,845.36; while total distributable fund shared by the 18 local government councils stands at N1, 124,183,069.76.â€
Emuakhagbon added, â€œInternally Generated Revenue (IGR) from the 18 local government councils increased by 44 percent with current total figures standing at N187, 076, 193.66.â€
He said the increase in IGR followed the resolve by the council bosses to support the state governorâ€™s drive to promote wealth creation and deliver dividends of democracy to the people.
â€œWith this renewed vigor, we would be able to provide support for the funding of the 2018 budget to improve the standard of living of the people,â€ he said.