Don't Miss


Home   >   Goverment   >   FCT Area Councils share N2.2bn revenue, excess crude

FCT Area Councils share N2.2bn revenue, excess crude

By on July 10, 2013

Oloye Olajumoke Akinjide1The Federal Capital Territory Area Councils Joint Account Allocation Committee (JAAC) on Tuesday distributed N2,213,498,696.45 among the six area councils and other stakeholders in the FCT being revenue that accrued for the month of May 2013.

The amount represents an increase of N52,966,708.99 (about 2.5 per cent) over the N2,160,531,987.47 shared by the six area councils of Abaji, Abuja Municipal, Bwari, Gwagwalada, Kuje and Kwali for the month of April 2013.

The Chairman of FCT Area Councils JAAC and Honourable Minister of State for FCT, Oloye Olajumoke Akinjide, who confirmed this during the Committee’s meeting in Abuja, said Value Added Tax (VAT) accounted for the bulk of the revenue from the Federation Account.

She gave the breakdown of the allocation as: N1.059 billion from VAT, N821.59 million from Statutory Revenue Allocation, N250.35 million from Excess Crude, N56.77 million from Subsidy Reinvestment and Empowerment Programme (SURE-P) and N25.54 million being refund by the Nigerian National Petroleum Corporation.

The FCT Area Councils JAAC, according to the minister, transferred N905.89 million to the FCT Universal Basic Education Board (UBEB) for the payment of primary school teachers’ salaries in the six area councils.

The Committee, in line with statutory requirement, also transferred N95.04 million to the FCT Area Councils Pension Board (ACPB) being 15 per cent pension fund, N89.93 million for LEA Teachers Entitlement, N59.32 million for FCT Immunisation Plus days, N48.92 million being contribution for health insurance, N36.87 million being contribution for sanitation in the six area councils and N22.13 million to the FCT Area Councils Service Commission being one per cent training fund.

Abuja Municipal Area Council received the lion share of the revenue allocation of N199.85 million for the month of May 2013, while Bwari and Gwagwalada Area Councils got N169.12 million and N157 million, respectively.

The FCT Area Councils Joint Account Allocation Committee also disbursed N151.35 million to Kuje Area Council, N138.61 million to Kwali Area Council and N138.59 million to Abaji Area Council.

On SURE-P funds, Abuja Municipal got N16.77 million, Bwari (N9.28 million), Gwagwalada (N8.50 million), Kwali (N7.79 million), Kuje (N7.45 million) and Abaji (N6.96 million).

The Auditor-General for FCT Area Councils, Dr. Fred Omaka, told the members of the Committee that biometric audit of all the workers in the area councils would take off on July 29, 2013.

The JAAC meeting was attended by the FCT Permanent Secretary, Engr. John Obinna Chukwu; Secretary of Area Council Services Secretariat, Alhaji Yahaya Ibrahim Gwagwa; Commissioner representing FCT in Revenue Mobilisation, Allocation and Fiscal Commission, Mr. Philibus Bussa; Abuja Municipal Area Council Chairman, Hon. Micah Jiba; Bwari Area Council Chairman, Hon. Yohanna Peter Ushafa; Kuje Area Council Chairman, Hon. Ishyaku Tete Shaban; Kwali Area Council Chairman, Hon. Daniel Ibrahim; Abaji Area Council Chairman, Hon. Yahaya Garba Gawu, and Gwagwalada Area Council Chairman, Hon. Abubakar Jibrin Giri.

Others at the meeting were: Senior Special Assistant to the Minister of State on Area Councils and Resettlement, Alhaji Yusuf Tsaiyabu; Auditor General of FCT Area Councils, Dr. Fred Omaka; Director of Satellite Towns Development Agency (STDA), Alhaji Tukur Ibrahim; Head of Environment, STDA, Mr. Segun Olusa; Special Assistant to the Minister of State on Environment, Mr. Ayo Sotinrin; Special Assistant to the Minister of State on Area Councils, Mr. Abu Jisalo.

Signed:

Oluyinka Akintunde
Special Assistant (Media & Publicity) to the Hon. Minister of State for FCT
9th July, 2013