FCT Area Councils, Others Share N4.96bn Statutory Allocation for October
The six Area Councils of the Federal Capital Territory Administration (FCTA), primary school teachers and pension scheme have shared N4.96 billion of statutory allocation for the month of October.
The amount was shared during the 182nd Joint Account Allocation Committee (JAAC) meeting, in Abuja on Monday.
FCT Minister of State, Dr Mariya Mahmoud, who presided over the meeting, commended members of the committee for their valuable contributions to the development of the FCT.
A breakdown of the amount shows that the six Area Councils got N2.53 billion while N2.43 billion went to other programmes and schemes in the FCTA.
Of the N2.53 billion, Abuja Municipal Area Council, received N517.55 million, Gwagwalada got N407.28 million, Kuje received N445.79 million, Bwari N390 million, Abaji N363.86 million while Kwali received N406.75 million.
Also, out of the N2.43 billion for programmes and schemes, N2.1 billion went to primary School teachers, N226.48 million earmarked as 15 per cent pension fund,
At total of N49.66 million was allocated as 1 per cent training fund, while N107.85 was allocated as 10 per cent employer pension contribution.Nigeria Eurobond Slumps after CBN Resumes OMO Auction
The minister appealed to the Department of Outdoors Advertisement and Signage (DOAS) to work in synergy with the six Area Councils to improve revenue generation in the territory.
She cautioned against friction among revenue generating departments, adding that collaboration would significantly improve FCTA’s Internally Generated Revenue.
