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FCT councils split N2b SURE-P allowance

By on October 2, 2012

FCT Minister, Bala Mohammed

The six Area Councils of the Federal Capital Territory (FCT) have shared N2.053 billion revenue allocation for August 2012 from the Subsidy Reinvestment and Empowerment Programme (SURE-P) and FAAC.

The allotment represents a boost of N267 million or 15 per cent over the prior month’s amount of N1.786 billion.

 

Oloye Olajumoke Akinjide, the Minister of State for the FCT, disclosed this in Abuja during the FCT Area Councils Joint Account Allocation Committee meeting, said the FCT Administration would next week start biometric audit of all the employees in the Area Councils.

 

“We have gone through the procurement processes and have engaged a consultant to undertake a biometric audit of all workers in the Area Councils. We want to ensure that the workers in the Area Councils are genuine and also make sure that they are qualified for the positions they are holding,” said Akinjide.

 

Regarding revenue allocation, she stated that Value Added Tax (VAT) accounted for the biggest share of N1.054 billion of the total share to the six Area Councils which comprise; Abaji, Abuja Municipal, Bwari, Gwagwalada, Kuje and Kwali.

 

 

The FCT Area Councils had received VAT of N796.29 million for the month of July 2012.

 

The minister revealed that the refund by the Nigerian National Petroleum Corporation was N23.10 million,  the constitutional revenue allocation stands at N675.20 million, SURE-P (N113.54 million), FCT Administration’s 10 per cent Internally Generated Revenue (N145.92 million) and exchange rate gain of N41.86 million.

 

On the N2.053 billion revenue allocation, the FCTA gave out N95.04 million to FCT Area Councils Pension Board (ACPB) being 15 per cent pension fund as statutorily requirement, N20.53 million to FCT Area Councils Service Commission being one per cent training fund, also statutorily required and issued out N836.24 million to the FCT Universal Basic Education Board (UBEB) for primary school teachers in the six area councils.

 

 

The net income provision of N1.101 billion was shared by the Area Councils, with Gwagwalada receiving N192.25 million; Bwari, N187.60 million; Abaji, N175.93 million; Kuje, N165.38 million; and Kwali, N141.24 million and Abuja Municipal receiving N239.46 million.