November statutory allocation: Six area councils, stakeholders in FCTA share N4.72 billion

The six area councils and other stakeholders The Federal Capital Territory Administration (FCTA) have received the sum of N4,729,281,486.64 as a statutory allocation for November 2023.

FCT Minister of State, Dr. Mariya Mahmoud, who presided over the 184th Joint Account Allocation Committee (JAAC), meeting in which the money was shared, applauded stakeholders for their invaluable contributions.
A statement issued by the special Adviser on Media to the minister, Austin Elemue said the amount represents a slight decrease when compared to N4,966,217,872.99 shared in October 2023.

A breakdown analyses of the figures released during the JAAC meeting indicates that the sum of N2,278,074,927.90 was made available for distribution to the six area councils, while the sum of N2,451,206,558.74 was made available to other stakeholders, bringing the total sum to N4,729,281,486.64.

Similarly, distributions to the six area councils show that the Abuja Municipal Area Council (AMAC),  received N501,091,846,.87, while Gwagwalada got N360,916,297.90 and Kuje received N396,980,497.83.

Other area councils include, Bwari Area Council which received N351,073,007.13, Abaji got N309,019,913.05 while Kwali received N358,993,365.12, bringing the total sum to N2,278,074,927.90 disbursed to the six area councils.

On the other hand, distribution to other critical stakeholders include: Primary School Teachers which gulped N2,069,585,348.67, 15 percent for Pension Funds took N226,478,989.57 One percent for Training Fund gulped N47,292,814.87, while 10 percent for Employer Pension Contribution gulped N107,849,405.63, bringing the total sum to N2,451,206,558.74.

Those present at the 184th Joint Account Allocation Committee (JAAC) meeting include the FCTA Permanent Secretary, Mr. Olusade Adesola, who was represented by the Director of Operations, Planning and Strategy, Mr. Samuel Atang 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 Abaji area council, Hon. Abubakar Abdullahi, Chairman of Kwali area council, Hon. Danladi Chiya, amongst others.