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HomeFCTFCTA paid N2,724,546,444.33 billion to area councils and stakeholders In May

FCTA paid N2,724,546,444.33 billion to area councils and stakeholders In May

The Federal Capital Territory Administration (FCTA) has released a total of N2,724,546,444.33 billion to the Six Area Councils in the FCT and other stakeholders as its share of statutory allocation for the month of May 2021.

The 154th Joint Account Allocation Committee (JAAC) meeting was chaired over by Dr. Ramatu Tijjani Aliyu, the FCT Minister of State, who stated that funds granted to the six area councils and other stakeholders had reduced drastically since April.

She added that a total of N4,035,289,643.20 billion was disbursed to the six area councils and other stakeholders in April, marking a 32.4 percent decrease from May 2021.

The minister explained that the decline in the allocation was as a result of drop in the statutory revenue allocation from the federation account.  

The figures released indicate that the sum of N864,650,673.55 million was made available for distribution to the six area councils, while the sum of N1,859,895,770.78 billion was made available to other stakeholders, bringing the total sum to N2,724,546,444.33 billion.  

She, however, hinted that the distribution to area councils show that the Abuja Municipal Area Council (AMAC), received N202,639,822.02 million, while Gwagwalada got N192,741,834.09 million and Kuje received N124,540,530.97 million.  

Similarly, Bwari Area Council received N94,908,257.47 million, Abaji got N137,990,711.51 million and Kwali received N111,829,517.49 million bringing the total sum to N864,650,673.55 billion disbursed to the six area councils.  

Furthermore, distribution to other stakeholders include: Primary Teachers which gulped N1,498, 321, 911.12 billion, 15 percent Pension Funds took N226,478,989.57 million, One percent Training Fund gulped N27, 245, 464.46 million, while 10 percent Employer Pension Contribution gulped N107,849, 405.63 million, bringing the total sum to N1,859,895,770.78 billion.  

Aliyu, who used the occasion to affirm that there was no going back in the implementation of minimum wage to area councils staff, however, enjoined the councils boss o make sacrifice towards the health insurance policy of councils staff.  

She, however, called for synergy of all revenue generation agencies with a view to scaling up the revenue base of the administration.  

The minister commended all the stakeholders for showing understanding in the distribution of monthly allocation to area councils and other stakeholders.  

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