Statutory allocation:FCT Area Councils, stakeholders share N4.9bn for Oct.

By Stanley Onyekwere

The six Area Councils in the Federal Capital Territory and other stakeholders have received the sum of N4,966,217,872.99billion as share of statutory allocation for the month of October, 2023.
A breakdown of the figures released during the 182nd Joint Account Allocation Committee (JAAC) meeting, indicates that the sum of N2,434,932,198.95billion was made available for distribution to the six area councils, while the sum of N2,531,285,674.04billion was made available to other stakeholders, bringing the total sum to N4,966,217,872.99billion.
Similarly, distributions to the six area councils shows that the Abuja Municipal Area Council (AMAC), received N517,549709.29million, while Gwagwalada got N407,277,974.82million and Kuje received N445,799,336.65million.
Other area councils include, Bwari Area Council which received N390,047,987.63million, Abaji got N363,856,716.08million while Kwali received N406,753,949.57million, bringing the total sum to N2,531,285,674.04 billion disbursed to the six area councils.
On the other hand, distribution to other critical stakeholders include: Primary School Teachers which gulped N2,050,941,625.03billion, 15 percent Pension Funds took N226,478,989.57million, One percent Training Fund gulped N49,662,178.73million, while 10 percent Employer Pension Contribution gulped N107,849,405.63million, bringing the total sum to N2,434,932,198.95billion.
Meanwhile, FCT Minister of State, Dr. Mariya Mahmoud, who presided over the JAAC meeting, commended members for their attendance and invaluable contributions over the years.
Mahmoud, also used the occasion to appeal to the Department of Outdoors Advertisement and Signage (DOAS) to work in synergy with the six area council authorities with a view to improving revenue generation in the territory.
The minister, who cautioned against friction among the revenue generating departments, however, observed that with collaboration, the Administration stands to gain more in its internal revenue generation.
Those present at the 182nd Joint Account Allocation Committee (JAAC) meeting include the FCTA Permanent Secretary, Mr. Olusade Adesola, Mandate Secretary Area Council Services, Hon. Bitrus Garki, and the Director of Finance and Administration in Area Council Secretariat, Mrs. Omolola Olanipekun.
Others include the Chairman of Kwali area council, Hon. Danladi Chiya, Chairman of Abuja Municipal Area Council, Hon. Christopher Zaka, Chairman of Gwagwalada Area Councils, Hon. Abubakar Giri, amongst others.