Nigeria’s Federal Capital Territory Administration says it disbursed N4.1bn to the six area councils and other stakeholders as its share of statutory allocation for the month of March 2021.
The FCT Minister of State, Dr Ramatu Aliyu, disclosed this, while presiding over the 152nd Joint Area Councils Allocation Committee on Wednesday, the News Agency of Nigeria reports.
According to Aliyu, the figure represents an increase of over N444m when compared to February 2021 allocation.
“The total sum of N3.7 billion was disbursed to the six area councils and other stakeholders, compared to N4.1 billion allocated to the six area councils and other stakeholders for the month of March, 2021,” the report stated.
This was as a result of increase in the statutory revenue allocation from the Federation Account, the minister said.
“The figures released indicate that the sum of N2.4bn was made available for distribution to the six area councils. While the sum of N1.6bn was made available to other stakeholders, bringing the total sum to N4.1bn.
“However, distribution to area councils shows that the Abuja Municipal Area Council received N463m, while Gwagwalada got N441m and Kuje received N396m.”
Bwari Area Council received N395m, Abaji got N401m and Kwali received N399m.
“Furthermore, distribution to other stakeholders include: Primary Teachers which gulped N1.3bn, 15 per cent pension funds took N226m, one per cent training fund gulped N42m. While 10 per cent Employer Pension Contribution gulped N108m,” Aliyu added.
Get real time update about this post categories directly on your device, subscribe now.