The Federal Capital Territory Administration (FCTA) shared  N1.786 billion among its six Area Councils as part of its share of the Federation Account Allocation  and the Subsidy Reinvestment and Empowerment Programme (SURE-P).

The Councils are to also share $1,597,048.73 from the Excess Crude Proceed Account.

The Minister of State for FCT, Oloye Olajumoke Akinjide, confirmed this during the Committee’s meeting in Abuja attended by the chairmen of the Area Councils – Abaji, Abuja Municipal, Bwari, Gwagwalada, Kuje and Kwali.

Akinjide disclosed that N1.576 billion revenue allocation was received from FAAC for the month of July 2012 for the FCT Area Councils while N170.32 million was received from the Federal Ministry of Finance as the Area Councils’ share of the SURE-P programme for the period May, June and July 2012.

The six area councils of the FCT also shared N39.904 million being 10 per cent of the FCTA’s Internally Generated Revenue (IGR) for August 2012 bringing the total revenue allocation to N1.616 billion.

Of the N1.616 billion revenue allocation, 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, also statutorily required.

The balance of the revenue allocation of N687.50 million was disbursed to the Area Councils, with Abuja Municipal Area Council (AMAC) received that the sum of N1.576 billion revenue allocation was received from FAAC for the month of July 2012 for the FCT Area Councils while N170.32 million was received from the Federal Ministry of Finance as the Area Councils’ share of the SURE-P programme for the period May, June and July 2012.

According to the minister,  N125.75 million was distributed 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.

On the excess crude sharing, she stated that  $1 billion would be shared among the three tiers of government, out of which $1.597 million was for the FCT Area Councils.