Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Naira Hovers Around N1,380 as Interbank FX Turnover Surges

    June 25, 2026

    XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence

    June 25, 2026

    Ethereum Price Slips 4% as Investors Liquidate Positions

    June 25, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Naira Hovers Around N1,380 as Interbank FX Turnover Surges
    • XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence
    • Ethereum Price Slips 4% as Investors Liquidate Positions
    • Bitcoin Price Slides to $59k as US Inflation Stokes Selloffs
    • Only 20% of POS Operators Registered- CAC Chairman
    • FG Finally Hands Over Enugu Airport to Concessionaires
    • We’re Rebuilding Abuja, Building Trust, Restoring Hope in Governance – Tinubu
    • FG Signs 2026 Performance Pact to Promote Investment, Trade Expansion
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Friday, June 26
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » FCTA Disburses N6.32bn to Area Councils, Others

    FCTA Disburses N6.32bn to Area Councils, Others

    Marketforces AfricaBy Marketforces AfricaMay 2, 2024 News No Comments2 Mins Read
    FCTA Disburses N6.32bn to Area Councils, Others
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    FCTA Disburses N6.32bn to Area Councils, Others

    The Federal Capital Territory Administration (FCTA) has disbursed N6.32 billion to the six area councils, teachers, and pension scheme as statutory allocation for March.

    The FCT Minister of State, Dr Mariya Mahmoud, disclosed this while presiding over the 188th Joint Account Allocation Committee (JAAC), in Abuja on Thursday.

    Mahmoud said “the amount represents a 40 per cent increase compared with the N3.94 billion disbursed in February”.

    A breakdown of the amount released during the meeting indicated that N3.81 billion was shared to the six area councils, while N2.50 billion went to teachers and pension scheme.

    Out of the N3.81 billion, Abuja Municipal Area Council, got N796.99 million, Gwagwalada Area Council received N606.67 million, while Kuje Area Council got N635.90 million.

    Also, the data shows that Bwari Area Council received N598.41 million, Abaji, N564.90 million while Kwali Area Council received 611.18 million.

    Similarly, N2.12 billion went to primary school teachers, N52.39 million as one per cent teachers’ training fund.

    Also, N226.48 million was earmarked as 15 per cent pension funds, and N107.85 as 10 per cent employer pension contribution.

    The minister warned that the allocation to the area councils must go beyond payment of workers salaries.

    “It is, therefore, high time the chairmen embark on people oriented projects to justify the resources that go to the councils,” she said. Inflation Pressures Facing Private Sector Ease in April -PMI

    Central Bank of Nigeria Investors Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Naira Hovers Around N1,380 as Interbank FX Turnover Surges

    XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence

    Ethereum Price Slips 4% as Investors Liquidate Positions

    Bitcoin Price Slides to $59k as US Inflation Stokes Selloffs

    Only 20% of POS Operators Registered- CAC Chairman

    FG Finally Hands Over Enugu Airport to Concessionaires

    Add A Comment

    Comments are closed.

    Editors Picks

    Naira Hovers Around N1,380 as Interbank FX Turnover Surges

    June 25, 2026

    XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence

    June 25, 2026

    Ethereum Price Slips 4% as Investors Liquidate Positions

    June 25, 2026

    Bitcoin Price Slides to $59k as US Inflation Stokes Selloffs

    June 25, 2026

    Only 20% of POS Operators Registered- CAC Chairman

    June 25, 2026
    Latest Posts

    Naira Hovers Around N1,380 as Interbank FX Turnover Surges

    June 25, 2026

    XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence

    June 25, 2026

    Ethereum Price Slips 4% as Investors Liquidate Positions

    June 25, 2026

    Bitcoin Price Slides to $59k as US Inflation Stokes Selloffs

    June 25, 2026

    Only 20% of POS Operators Registered- CAC Chairman

    June 25, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.