FCT Area Councils, Stakeholders Share N3.041bn

The six area councils in the Federal Capital Territory (FCT) and other stakeholders have received the sum of N3,041,969,760.37 billion as a share of statutory allocation for February 2023.

The FCT minister of state, Dr. Ramatu Aliyu, who presided over the 176th Joint Account Allocation Committee (JAAC), meeting, commended members for their attendance and contributions towards the upliftment of the area councils’ administration.

In a statement signed by the special adviser on media to the minister of state, Austin Elemue, the minister also used the occasion to task the chairmen of the councils to be prudent in the management of council funds.

According to the statement, a breakdown of the figures released during the JAAC meeting indicates that the sum of N723.451 million was made available for distribution to the six area councils, while the sum of N2.318 billion was made available to other stakeholders, bringing the total sum to N3.041 billion.

“Similarly, distributions to the six area councils show that the Abuja Municipal Area Council (AMAC), received N157.079 million, while Gwagwalada got N115,463,859.92million and Kuje received N142.480 million.

“Other area councils include, Bwari Area Council which received N102.295 million, Abaji got N102.288 million while Kwali received N103.844 million, bringing the total sum to N723.451 million disbursed to the six area councils.

“On the other hand, distribution to other critical stakeholders includes: Primary School Teachers which gulped N1.953 billion, 15 percent of Pension Funds took N226,478,989.57million, One percent of Training Fund gulped N30.419 million, while 10 percent of Employer Pension Contribution gulped N107.849 million, bringing the total sum to N2.328 billion,” he stated.