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Home»General News»FCTA disburses ₦3.72bn revenue to area councils, others
General News

FCTA disburses ₦3.72bn revenue to area councils, others

...FCTA disburses ₦3.72bn revenue to area councils, others.
EditorBy EditorMay 24, 2024Updated:May 25, 2024No Comments2 Mins Read
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The Federal Capital Territory Administration (FCTA), has disbursed N3.72 billion to the six Area Councils, teachers and pension scheme as statutory allocation for the month of April.

The FCT Minister of State, Dr Mariya Mahmoud, said during the 189th Joint Account Allocation Committee (JAAC), in Abuja on Friday, that the amount was 47 per cent less than the N6.32 billion disbursed in March.

A breakdown of the figure shows that N1.24 billion was shared to the six area councils, while N2.49 billion was allocated to teachers and pension scheme.

Out of the N1.24 billion allocated to the area councils, the Abuja Municipal Area Council (AMAC) received N373.96 million, Gwagwalada N175.26 million, while Kuje got N205.1 million.

Similarly, Bwari Area Council received N169.16 million; Abaji received N131.71 million, while N181.44 went to Kwali Area Council.

ALSO READ: Nigerian Army reaffirms commitment to personnel welfare

The breakdown also indicated that primary school teachers got N2.12 billion while N37.24 million was earmarked as one per cent Training Fund.

Also, N226.48 million was set aside as 15 per cent Pension Fund, while N107.85 million was earmarked as 10 per cent Employer Pension Contribution.

The minister called on area council authorities to make maximum use of the funds.

Area Councils FCT Administration (FCTA) housing allocation
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