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Reading: FCT Area Councils, Other Beneficiaries Share Over N3 Billion in Revenue Allocation
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Nigeria

FCT Area Councils, Other Beneficiaries Share Over N3 Billion in Revenue Allocation

The six Federal Capital Territory area councils and other stakeholders have received over N3 billion as their share of statutory allocation ...

Chima Joseph Ugo
Chima Joseph Ugo - Editor-in-chief March 03, 2023
Updated March 3, 2023 at 8:45 AM
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FCT Area Councils, Other Beneficiaries Share Over N3 Billion in Revenue Allocation
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FCT Area Councils, Other Beneficiaries Share Over N3 Billion in Revenue Allocation
The six Federal Capital Territory area councils and other stakeholders have received over N3 billion as their share of statutory allocation for January. The figure, N3,015,446,815.55 billion, represents a 20.3 per cent decrease when compared to the N3,786,194,845.78 billion shared in December 2022.

Ramatu Aliyu, the FCT Minister of State, disclosed this on Thursday in Abuja, while presiding over the 175th Joint Account Allocation Committee (JAAC) meeting, expressed satisfaction over the judicious use of the funds by the area council chairmen.

Ms Aliyu, however, stated that a breakdown of the figures released during the JAAC meeting indicates that N723,868,728.40 million was made available for distribution to the six area councils.

While the sum of N2,291,578,087.15 billion was made available to other stakeholders, bringing the total sum to N3,015,446,815.55 billion. Similarly, distributions to the six area councils show that the Abuja Municipal Area Council (AMAC) received N163,631,841.79 million, while Gwagwalada got N109,288,213.43 million and Kuje received N245,474,216.86 million,” she stated.

Other area councils included Bwari Area Council which received N97,895,762.75 million, Abaji got N110,623,487.51 million while Kwali received N96,955,206.07 million, bringing the total to N723,868,728.40 million disbursed to six area councils, she said.

The minister also explained that the distribution to other critical stakeholders included primary School teachers which gulped N1,927,095,222.79 billion, 15 per cent pension funds took N226,478,989.57 million, one per cent training fund gulped N30,154,469.16 million.

Ten per cent Employer Pension Contribution gulped N107,849,405.63 million, bringing the total sum to N2,291,578,087.15 billion.

Ms Aliyu, who expressed displeasure over poor sanitation in most of the area councils, directed the coordinator of the Satellite Towns Development Department to liaise with the council chairmen towards finding solutions. The minister acknowledged that the refuse dumps in the satellite towns were quite challenging for the department to cope with.

Tags: Nigeria

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