FCTA shares N2bn to Area Councils, others

FCTA shares N2bn to Area Councils, others
Chris Steven, Abuja
The Federal Capital Territory Administration has disbursed the sum of N2billion to the six Area Councils in the FCT and other stakeholders as its share of statutory allocation for the month of April.
The figure is N80million more than the March allocation.
This was disclosed by the FCT Permanent Secretary, Babatope Ajakaiye in his office during the Joint Area Councils Allocation Committee, JAAC meeting.
The breakdown of the allocation shows that Abuja Municipal Area Council,AMAC got the highest share of N169million while Gwagwalada received N165million and Kwali got N143million.
Similarly, Kuje Area Council received N142million; Abaji N141million and Bwari got N136million.
Statutory deductions from the release include Primary School Teachers’ salaries which gulped N998million and 15percent Pension Funds equivalent to N95million.
Others are 1 percent Training Funds which got N19million and 10 percent Employer Pension Contribution received N73m.
Chairman of Kwali Area Council who is also the Chairman of Association of Local Government Chairmen, ALGON, Shazin Joseph described the allocation as balanced and equitable.
He also commended FCT Administration for not taking a kobo from the allocations of the Area Councils.