The Federal Capital Territory Administration has disbursed N3.62bn to the six Area Councils, teachers, and pension schemes as statutory allocation for May.
The Minister of State FCT, Dr Mariya Mahmoud, presided over Tuesday’s 190th FCT Joint Account Allocation Committee meeting in Abuja.
In a breakdown of the N1.14 billion allocated to the Area Councils is as follows: Abuja Municipal Area Council received N346.53 million, Gwagwalada received N160.81 million, and Kuje received N191.38 million.
Additionally, Bwari Area Council was allocated N152.8 million, Abaji received N119.49 million, and Kwali received N167.52 million- News Agency of Nigeria reported.
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The minister equally said that Bwari Area Council received N152.8m, Abaji N119.49m, and Kwali N167.52m.
The minister said that of the N2.49bn earmarked for teachers and pension schemes, N2.12bn was allocated to primary school teachers, while N36.25m was set aside as a one-percent Training Fund.
She also said that a total of N226.48 million was set aside as 15 per cent Pension Funds, while N107.85m was earmarked as 10 per cent employer pension contribution.
The FCTA’s disbursement of N3.62 billion is a significant step towards fostering development within the Federal Capital Territory, ensuring that various sectors receive the necessary financial support to thrive.
Earlier reports show that in April, N3.7 billion was disbursed to the six Area Councils and other stakeholders as statutory allocation. This amount represented a decrease of approximately 47% compared to the N6.4 billion shared in March 2024.
In May, Nairametrics reported that N6.32 billion was allocated, with N3.81 billion set aside for the six Area Councils and N2.50 billion earmarked for teachers and pensioners.
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