The six Area Councils of the Federal Capital Territory (FCT), as well as other stakeholders, have received a statutory allocation of N3,736,184,845.78 billion for the month of December 2023.
The FCT Minister of State, Dr. Ramatu Tijjani Aliyu, presided over the 173rd Joint Account Allocation Committee (JAAC) meeting, which was conducted in her office.
The minister expressed satisfaction with the minor increase in revenue allotment for December 2022.
A breakdown of the data released during the JAAC meeting shows that N1,437,399,379.33 billion was made available for distribution to the six area councils, while N2,298,785,466.45 billion was made available to other stakeholders, bringing the total sum to N3,736,184,845.78 billion.
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Similarly, distributions to area councils shows that the Abuja Municipal Area Council (AMAC), received N323,239,942.32million, while Gwagwalada got N221,096,886.83million and Kuje received N254,790,015.02million.
Other area councils include, Bwari Area Council which received N216,913,836.02million, Abaji got N214,107,803.45million while Kwali received N207,250,895.69million, bringing the total sum to N1,437,399.379.33billion disbursed to the six area councils.
On the other hand, distribution to other critical stakeholders include: Primary School Teachers which gulped N1,927,095,222.79billion, 15 percent Pension Funds took N226,478,989.57million, One percent Training Fund gulped N37,361,848.46million, while 10 percent Employer Pension Contribution gulped N107,849,405.63million, bringing the total sum to N2,298,785,466.45billion.
Those present at the 171st Joint Account Allocation Committee (JAAC) meeting include the FCTA Permanent Secretary, Mr. Olusade Adesola, Mandate Secretary Area Council Services, Hon. Ibrahim Abubakar Dantsoho, and FCT representative in Revenue Mobilization, Allocation and Fiscal Commission, Mallam Abubakar Hussain and others.
