HighlightNews From MDA'S

FCTA Disburses N4.8bln to Six Area Councils, Other Stakeholders

Persecondnews reports that the amount represents a slight increase compared to the N4.72 billion shared in the month of November 2023.

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The Federal Capital Territory Administration (FCTA) has disbursed N4.8 billion to the six Area Councils and other stakeholders as statutory allocation for the month of December 2023.

The six Area Councils are Abaji, Bwari, Gwagwalada, Kuje, Kwali, and Abuja Municipal (AMAC).

Persecondnews reports that the amount represents a slight increase compared to the N4.72 billion shared in the month of November 2023.

The FCT Minister of State, Dr. Mariya Mahmoud, disclosed this while presiding over the 185th Joint Account Allocation Committee (JAAC) meeting on Wednesday.

A breakdown of the figures released during the JAAC meeting indicates that the sum of N2,364,151,892.54 billion was made available for distribution to the six Area Councils, while the sum of N2,452,076,023.02 billion was made available to other stakeholders, bringing the total sum to N4,816,227,915.56 billion.

Similarly, distributions to the six Area Councils show that the Abuja Municipal Area Council (AMAC) received N549,980,396.03 million, while Gwagwalada got N371,095,234,.30 million, and Kuje received N402,341,400.14 million.

Other Area Councils include Bwari Area Council, which received N364,674,660.98 million, Abaji got N313,335,126.30 million; and Kwali received N362,725,074.79 million, bringing the total sum to N2,364,151,892.54 billion disbursed to the six Area Councils.

On the other hand, distribution to other critical stakeholders includes: primary school teachers, which gulped N2,069,585,348.67 billion; 15 percent pension funds took N226,478,989.57 million; one percent training fund gulped N48,162,279.15.

Others are 10 percent employer pension contribution gulped N107,849,405.63 million, bringing the total sum to N2,452,076,023.02 billion.

 

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