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HomeFCTFCTA Distributes N4,726,127,134.71BN To Area Councils, Stakeholder In September

FCTA Distributes N4,726,127,134.71BN To Area Councils, Stakeholder In September

The Federal Capital Territory Administration (FCTA) has disbursed a total of N4,726,127,134.71 billion as its share of statutory allocation for the month of September 2021 to the Six Area Councils in the nation’s capital and other stakeholders.

The figure shows an increase in revenue from N4,504,239,740.60 billion disbursed in August to N4,726,127,134.71 billion disbursed in September, a 4.4 percent increase.

Dr. Ramatu Tijjani Aliyu, Minister of State for the Federal Capital Territory, who presided over the 158th Joint Account Allocation Committee (JAAC), praised all stakeholders for their cooperation despite previous challenges.

The minister, however, explained that the increase in the allocation was as a result of increase in the statutory revenue allocation from the federation account.  

The figures released indicate that the sum of N2,795,422,553.70 billion was made available for distribution to the six area councils, while the sum of N1,930, 704, 581.01 billion was made available to other stakeholders, bringing the total sum to N4,726,127,134.71 billion.  

The distributions to area councils show that the Abuja Municipal Area Council (AMAC), received N517,859,931.00 million, while Gwagwalada got N509, 975, 469.10 million and Kuje received N448, 341, 703.37 million.  

Others include, Bwari Area Council received N425, 354, 450.86 million, Abaji got N457, 233, 393.14 million and Kwali received N436, 657, 606.22 million bringing the total sum to N2,795,422, 553.70 billion disbursed to the six area councils.  

Furthermore, distribution to other stakeholders include: Primary School Teachers which gulped N1,549, 114,914.46 billion, 15 percent Pension Funds took N226,478,989.57 million, One percent Training Fund gulped N47, 261, 271.35 million, while 10 percent Employer Pension Contribution gulped N107,849, 405.63 million, bringing the total sum to N1,930, 704, 581.01 billion.  

She called for more commitment on the part of all stakeholders, the minister however commended them for showing understanding in the distribution of monthly allocation to area councils and other stakeholders.  

Those present at the 158th Joint Account Allocation Committee (JAAC), meeting include the FCTA Permanent Secretary, Mr. Olusade Adesola, chairmen of the six area councils, Ag. Secretary Area Council Services Secretariat, Mrs. Omolola Olanipekun, commissioner representing the FCT in Revenue Mobilization and Fiscal Commission, Senator Tanko Abari, representative from the Accountant General Office amongst others.  

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