The Federal Capital Territory Administration (FCTA) has disbursed the sum of N6,316,621,045.37 billion to the six area councils and other stakeholders as statutory allocation for the month of March, 2024.
Our correspondent reports that the amount represents a geometric increase of approximately 40 per cent when compared to the N3,938,092,102.92 billion shared in the month of February, 2024.
The FCT Minister of State, Dr Mariya Mahmoud, who presided over the 188th Joint Account Allocation Committee (JAAC), expressed satisfaction with the increase.
She said, “The allocation to the area councils as it stands today goes beyond payment of salaries. It is, therefore, high time for the chairmen to embark on people-oriented projects to justify the resources that go to the councils.”
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A breakdown of the figures released during the JAAC meeting indicated that the sum of N3,814,043,951.50 billion was made available for distribution to the six area councils, while the sum of N2,502,577,093.87 billion was made available to other stakeholders, bringing the total sum to N6,316,621,045.37 billion.
Similarly, distribution to the six area councils showed that the Abuja Municipal Area Council (AMAC) received N796,985,326.39 million, Gwagwalada got N606,666,131.20 million and Kuje received N635,903,823.41 million, Bwari received N598,406,880.71 million, Abaji got N564,901,838.77 million while Kwali received N611,179,951.02 million.
On the other hand, distribution to the other critical stakeholders included primary school teachers who gulped N2,115,855,089.92 billion, 15 per cent pension funds took N226,478,989.57 million, one per cent training fund gulped N52,394,108.75 million, while 10 per cent Employer Pension Contribution gulped N107,849,405.63 million.
