Economic Confidential

Area Councils in the Federal Capital Territory (FCT) have shared N1,654,556,244.56 being revenue allocation from the Federation Account for December 2012.

This was disclosed by the Chairperson of the FCT Area Councils Joint Account Allocation Committee (JAAC) and Minister of State for FCT, Oloye Olajumoke Akinjide, during the committee’s meeting in Abuja.

Akinjide, who was represented by the Permanent Secretary, FCT, Engr. Anthony Ozodinobi, noted that Value Added Tax accounted for N817.04 million of the allocation from the Federation Account, as against the N890.69 million received for the month of November.

The minister confirmed that Statutory Allocation of N757.63 million and Subsidy Reinvestment and Empowerment Programme (SURE-P) allocation of N56.77 million were received from Federation Account for the six Area Councils of Abaji, Abuja Municipal, Bwari, Gwagwalada, Kuje and Kwali.

Of the N1.654 billion, the Joint Account Allocation Committee transferred N849.34 million to the FCT Universal Basic Education Board (UBEB) for payment of the primary school teachers’ salaries in the area councils; N95.04 million to FCT Area Councils Pension Board (ACPB) being 15 per cent pension fund as statutorily required, and N16.54 million to FCT Area Councils Service Commission being one per cent training fund.

The Committee distributed the net revenue allocation of N663.62 million to the six area councils, with Gwagwalada receiving the lion’s share of N137.52 million.

Abuja Municipal Area Council received N137.48 million, Bwari Area Council (N120.75 million), Abaji Area Council (N103.23 million), Kuje Area Council (N99.26 million) and Kwali Area Council (N85.17 million).

Akinjide further explained that Abuja Municipal got the highest SURE-P allocation of N16.77 million, Bwari (N9.28 million), Gwagwalada (N8.50 million), Kwali (N7.79 million), and Abaji (N6.96 million).

She disclosed that the biometric audit of all the six area councils is expected to be completed in the first quarter of this year.