Economic Confidential

The Federal Capital Territory Area Councils Joint Account Allocation Committee (JAAC) has distributed a total sum of N1,894,400,916.45 among the six area councils being revenue and Subsidy Reinvestment and Empowerment Programme (SURE-P) allocations for the month of September.

The councils include: Abaji, Abuja Municipal, Bwari, Gwagwalada, Kuje and Kwali.

The funds distributed are for the payment of primary school teachers and workers in the area councils, pension of workers and execution of capital projects in the area councils and satellite towns.

Chairperson of JAAC and Minister of State for FCT, Oloye Olajumoke Akinjide, who disclosed this at the meeting of the Committee, said revenue allocation of N1,837,627,054.79 was received from the Federation Accounts Allocation Committee (FAAC) for the area councils for September 2012.

Akinjide, who was represented by the Permanent Secretary in the Federal Capital Territory Administration, Engr. Anthony Ozodinobi, also noted that the sum of N56,773,861.66 was received from the Federal Government being the area councils’ share of the SURE-P allocation for the month of October 2012.

The five per cent value added tax (VAT), according to the minister, accounted for the lion’s share of the revenue allocation to the area councils of N1.101 billion, representing an increase of N47 million or 4.5 per cent over the N1.054 billion received in the preceding month for VAT.

The statutory revenue allocation for the area councils also rose by N17.48 million from N675.20 million in August 2012 to N692.68 in September.

Of the N1.894 billion available for sharing to the area councils, FCTJAAC distributed N844.57 million to the FCT Universal Basic Education Board (UBEB) for payment of the primary school teachers’ salaries in the six area councils; N95.04 million to FCT Area Councils Pension Board (ACPB) being 15 per cent pension fund as statutorily required, and N18.94 million to FCT Area Councils Service Commission being one per cent training fund, also statutorily required.

The net revenue allocation of N935.85 million was shared by the six area Councils, with Abuja Municipal receiving N175.96 million; Gwagwalada, N172.86 million; Bwari, N165.46 million; Kuje, N145.50 million; Abaji, N139.71 million; and Kwali, N136.33 million. The breakdown of the distribution of the SURE-P funds as follows: Abaji, N6.96 million; Abuja Municipal, N16.77 million; Bwari, N9.28 million; Gwagwalada, N8.50 million; Kuje, N7.45 million, and Kwali, N7.79 million.

The FCT Area Councils JAAC meeting was attended by the Kuje Area Council Chairman, Hon. Danladi Etsu Zhin; Abuja Municipal Area Council Chairman, Hon. Micah Jiba; Bwari Area Council Chairman, Hon. Peter Ushafa; Gwagwalada Area Council Chairman, Hon. Zakari Angulu Dobi; Kwali Area Council Chairman, Hon. J.K. Shazin, and Abaji Area Council Chairman, Hon. Yahaya Muhammad.