Allocation: FCTA distributes N4.2bn to area councils, stakeholders

The Federal Capital Territory Administration(FCTA) has disbursed the sum of N3,724,055,993.78 billion to the six area councils and other stakeholders as statutory allocation for the month of April, 2024.

The amount represents a decrease of approximately 47 percent when compared to N6,316,621,045.37 billion shared in the month of March 2024.

FCT Minister of State, Dr. Mariya Mahmoud, who disclosed this Friday while presiding over the 189th Joint Account Allocation Committee (JAAC), called on area council authorities to make maximum use of the allocation.

A breakdown of the figures released during the JAAC meeting indicated that the sum of N1, 236,631,948.72 billion was made available for distribution to the six area councils, while the sum of N2, 487,424,045.06 billion was made available to other stakeholders, bringing the total sum to N3, 724,055,993.78 billion.

Similarly, distributions to the six area councils shows that the Abuja Municipal Area Council (AMAC), received N373, 957,193.97 million, while Gwagwalada got N175, 262,354.14 million and Kuje received N205, 097,403.10 million.

Other area councils are Bwari area council which received N169,159,150.38 million, Abaji got N131,714,881.61million while Kwali received N181,440,965,.10million, bringing the total sum to N1,236,631,948.72billion disbursed to the six area councils.

On the other hand, distribution to other critical stakeholders include: Primary School Teachers which gulped N2,115,855,089.92billion, 15 percent Pension Funds took N226,478,989.57 million, One percent Training Fund gulped N37,240,559.94 million, while 10 percent Employer Pension Contribution gulped N107,849,405.63 million, bringing the total sum to N2,487,424,045.06 billion.