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FCTA shares N4.7b among area councils, others for September

By Azimazi Momoh Jimoh, Abuja
09 November 2021   |   3:31 am
The Federal Capital Territory Administration (FCTA) has shared N4,726,127,134.71 billion among its six Area Councils and other stakeholders as their statutory allocation for September.

The Federal Capital Territory Administration (FCTA) has shared N4,726,127,134.71 billion among its six Area Councils and other stakeholders as their statutory allocation for September.

The figure showed a slight increase in revenue by 4.4 per cent over the N4,504,239,740.60 billion disbursed the previous month.

FCT Minister of State, Dr. Ramatu Tijjani Aliyu, who presided over the 158th Joint Account Allocation Committee (JAAC), commended the stakeholders for their cooperation amid challenges of the recent past.

She explained that the development followed improved allocation from the Federation Account.

A breakdown indicates that N2,795,422,553.70 billion went to the area councils, while N1,930, 704, 581.01 billion was received by other stakeholders.