ABUJA; The Federal Capital Territory Administration (FCTA) has shared the sum of N1.786 billion being accruing revenue from the Federation Account and the Subsidy Reinvestment and Empowerment Programme (SURE-P) to the six Area Councils under the FCT.
Speaking during the meeting with the Area Council Chairmen in Abuja, the Minister of State for FCT and Chairperson of FCT Area Councils Joint Account Allocation Committee (JAAC), Olajumoke Akinjide, said the sum of N1.576 billion was received from Federation Account Allocation Committee (FAAC) for the month of July, while N170.32 million was received from the Federal Ministry of Finance as the Area Councils’ share of the fuel subsidy reinvestment fund for the period May, June and July.
The minister also said N39.904 million being 10 per cent of the FCTA’s Internally Generated Revenue (IGR) for August 2012 is to be shared by the councils.
In the same vein, the FCTA disbursed N817.41 million to the FCT Universal Basic Education Board (UBEB) for primary school teachers 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 N16.16 million to FCT Area Councils Service Commission being one per cent training fund, as statutorily required.
The balance of the revenue allocation of N687.50 million was then disbursed to the Area Councils, with Abuja Municipal Area Council (AMAC) receiving the lion’s share of N135.02 million.
The sum of N125.75 million went to Gwagwalada Area Council, N123.51 million to Bwari Area Council, N102.86 million to Abaji Area Council, N101.10 million to Kwali Area Council, and N99.23 million to Kuje Area Council.
Akinjide told the council chairmen that the sum of $1 billion from the excess crude oil fund will shared among the three tiers of government, out of which $1.597 million would accrue to the FCT Area Councils.
Akinjide told the council chairmen that the sum of $1 billion from the excess crude oil fund will shared among the three tiers of government, out of which $1.597 million would accrue to the FCT Area Councils.
“This amount will be paid by the Central Bank of Nigeria (CBN) in naira at the prevailing exchange rate on the day of payment. The FCT Area Councils were allocated the sum of $1,597,048.73 and allocated as follows: Abaji ($195,949.51), Abuja Municipal ($471,781.54), Bwari ($261,296.03), Gwagwalada ($239,138.68), Kuje ($209,575.01), and Kwali ($219,307.96,” she explained.
Out of the N170.321 million SURE-P funds received for the months of May, June and July 2012, she said AMAC got N50.314 million, Bwari N27.866 million, Gwagwalada N25.503 million, Kwali -N23.388 million, Kuje N22.350 million, while Abaji got N20.89 million.
Out of the N170.321 million SURE-P funds received for the months of May, June and July 2012, she said AMAC got N50.314 million, Bwari N27.866 million, Gwagwalada N25.503 million, Kwali -N23.388 million, Kuje N22.350 million, while Abaji got N20.89 million.
Akinjide asked the area council chairmen to put the money in a dedicated account and use it for wealth creation and infrastructure development in their area councils.
The minister said the permanent secretaries and directors in the Federal Civil Service are to sign performance contract agreement with their respectively ministers in line with what the ministers signed with President Goodluck Jonathan.
She explained that the recent signing of performance contract agreement by the ministers demonstrated the openness and accountability of the present administration to deliver on its promises to the citizenry.
Akinjide enjoined the chairmen to adopt the performance contract agreement model in order to deliver democratic dividends to the residents of their respective councils.
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