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    MarketForces Africa » MarketForces News » FCTA Disburses N6.32bn to Area Councils, Others
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    FCTA Disburses N6.32bn to Area Councils, Others

    Marketforces AfricaBy Marketforces AfricaMay 2, 2024No Comments2 Mins Read
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    FCTA Disburses N6.32bn to Area Councils, Others
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    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
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