City News • Created December 3, 2021 03:43

FCTA disburses N4.4bn to area councils, stakeholders for Oct

Primary school teachers get N1.9bn   The Federal Capital Territory Administration has disbursed a total sum of N4,476,067,191.05 billion to the six Area Councils in the FCT and other stakeholders as its share of statutory allocation for the month of October, 2021.   The figure indicates a 5.3 per cent decrease in revenue from N4,726,127,134.71 […]

FCTA disburses N4.4bn to area councils, stakeholders for Oct

Federal Capital Territory Administration (FCTA)

  • Primary school teachers get N1.9bn

 

The Federal Capital Territory Administration has disbursed a total sum of N4,476,067,191.05 billion to the six Area Councils in the FCT and other stakeholders as its share of statutory allocation for the month of October, 2021.  

The figure indicates a 5.3 per cent decrease in revenue from N4,726,127,134.71 billion disbursed in the month of September.

FCT Minister of State, Dr Ramatu Tijjani Aliyu, who presided over the 159th Joint Account Allocation Committee (JAAC), commended all stakeholders for their cooperation, despite challenges recorded in the past.  

The figures released indicate that the sum of N2,530,406,244.92 billion was made available for distribution to the six area councils, while the sum of N1,945,660,946.13billion was made available to other stakeholders, bringing the total sum to N4,476,067,191.05billion.  

However, distributions to area councils shows that the Abuja Municipal Area Council (AMAC) received N467,596,505.31 million, while Gwagwalada got N470,262,942.36 million and Kuje received N409,219,387.28 million.  

Others include, Bwari Area Council which received N384,085,033.55million,  Abaji N401,888, 840.83million and Kwali received N397, 353, 535.59million bringing the total sum to N2,530, 406, 244.92billion disbursed to the six area councils.

Furthermore, distribution to other stakeholders include: Primary School Teachers which gulped N1,566,571,879.02billion with 15 per cent Pension Funds which took N226,478,989.57 million, One per cent Training Fund which gulped N44,760,671.91 million and 10 per cent Employer Pension Contribution accounting for N107,849, 405.63million, bringing the total sum to N1,945,660,946.13 billion.

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