The six Area Councils in Abuja got N2.1 billion from the Federation account for the month of January.
The six Area Councils in the Federal Capital Territory, FCT, received N2.1 billion allocation from the Federation Account as their share of revenue for January 2013.
The Secretary of the Area Council Services Secretariat, ACSS, Yahaya Gwagwa, who represented the Minister of State for Abuja, Olajumoke Akinjide, said this on Tuesday at the FCT Area Councils Joint Account Allocation Committee meeting.
Mr. Gwagwa named the area councils as Abaji, Abuja Municipal, Bwari, Gwagwalada, Kuje and Kwali.
He said that the five per cent Value Added Tax, VAT, accounts for about N1.007 billion, or about 48 per cent of the total revenue allocation for the six area councils, which was higher by N189.96 million than the N817.04 million received for December 2012.
Similarly, the Area Councils also received N754.45 million from statutory revenue allocation; N251.90 million from distribution of excess crude proceeds; N56.77 million from Subsidy Reinvestment and Empowerment Programme, SURE-P; N23.10 million from the Nigerian National Petroleum Corporation, NNPC’s refund from the N450billion debt owed FAAC, and N5.66 million being differential between budgeted and actual revenues.
Of the N2.009 billion available for distribution, Mr. Gwagwa explained that the JAAC transferred N869.43 million to the FCT Universal Basic Education Board, UBEB, for payment of primary school teachers’ salaries in the area councils; N95.04 million to FCT Area Councils Pension Board, ACPB, being 15 per cent pension fund as statutorily required, and N20.99 million to FCT Area Councils Service Commission, being one per cent training fund.
In addition, he said the net revenue allocation of N1.113 billion was distributed to the six Area Councils, with Abuja Municipal Area Council receiving the lion’s share of N242.75 million for January 2013, as against the sum of N137.48 million received in the preceding month.
The FCT Area Councils JAAC allocated N198.28 million to Bwari Area Council; N190.38 million to Gwagwalada; N167.92 million to Kuje; N157.94 million to Abaji, and N155.29 million to Kwali Area Council.
Bwari, Gwagwalada, Kuje, Abaji and Kwali also received net revenue allocation of N120.75 million, N137.52 million, N99.26 million, N103.23 million, and N85.17 million, respectively.
On SURE-P funds, Abuja Municipal received N16.77 million, Bwari (N9.28 million), Gwagwalada (N8.50 million), Kwali (N7.79 million), Kuje (N7.45 million) and Abaji (N6.96 million).