FCT area coun­cils get N1.5bn

Daily Trust - - CITY NEWS - By Ben Atonko

The six area coun­cils in the Fed­eral Cap­i­tal Ter­ri­tory (FCT) last Thurs­day got N1,501,176,445.24.

The money made avail­able to the area coun­cils af­ter the Joint Ac­count Al­lo­ca­tion Com­mit­tee (JAAC) meet­ing, ac­crues to the area coun­cils from the fed­er­a­tion ac­count.

FCT Per­ma­nent Sec­re­tary John Chukwu dis­closed that the JAAC meet­ing was se­quel to the ear­lier meet­ing held by the Fed­er­a­tion Ac­count Al­lo­ca­tion Com­mit­tee on 22nd Septem­ber 2015.

Ac­cord­ing to him, the money com­prised Statu­tory Rev­enue Al­lo­ca­tion of N599,122,677.96; Value Added Tax of N893,892,259.86, and Ex­change Rate Gains (Au­gust) of N8,161,507.42 to­talling N1,501,176,445.24.

Chukwu re­vealed that Abuja Mu­nic­i­pal Area Coun­cil (AMAC) re­ceived the high­est share of N353,654,171 fol­lowed by Bwari Area Coun­cil that got N250, 226,160.05.

Gwag­wal­ada Area Coun­cil got N232,595,399.19; Kuje Area Coun­cil N225,553,845.96; Kwali Area Coun­cil N227,405,902.23 and Abaji Area Coun­cil got the low­est share of N211,740,967 for the month of Au­gust 2015.

The per­ma­nent sec­re­tary dis­closed that statu­tory de­duc­tions were made in ac­cor­dance with the Fund Al­lo­ca­tion Mon­i­tor­ing Act, pay­ment of pri­mary school teach­ers salaries, 15 per­cent pen­sion fund, one per­cent train­ing fund; LEA teach­ers mon­e­ti­za­tion en­ti­tle­ments as well as 7.5 per­cent em­ployer pen­sion con­tri­bu­tion.

While en­join­ing coun­cil chair­men to make ju­di­cious use of the funds, Chukwu called for ways of im­prov­ing In­ter­nally Gen­er­ated Rev­enue (IGR) be­cause rev­enue at the cen­tre has dwin­dled.

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