The Federation Account Allocation Committee disbursed N2,372,382,097.82 to the six Area Councils in the Federal Capital Territory, being revenue allocation for the month of November 2012.
The allocation represents an increase of N160,914,908.96 or 7.3 per cent over the N2,211,467,188.86 paid in October 2012 to the six Area Councils – Abaji, Abuja Municipal, Bwari, Gwagwalada, Kuje and Kwali.
The Chairperson of the FCT Area Councils Joint Account Allocation Committee and Minister of State for the FCT, Oloye Olajumoke Akinjide, disclosed this at the weekend during the Committee’s meeting, which was attended by the chairmen of the Area Councils.
Akinjide, who was represented by the Permanent Secretary, FCT, Engr. Anthony Ozodinobi, disclosed that the Subsidy Reinvestment and Empowerment Programme allocation accounted for N56.77 million of the total revenue allocation received from the FAAC.
The minister gave the breakdown of the revenue allocation received from FAAC as: N890.69 million from Value Added Tax, N663.32 million from Statutory Revenue Allocation, N368.68 million from understated account in Central Bank of Nigeria, N275.35 million, non-oil excess revenue and N23.10 million from Nigerian National Petroleum Corporation refund.
The FAAC had in October 2012 allocated to the FCT Area Councils N1.001 billion from the five per cent VAT, N761.91 million from Statutory Revenue Allocation, N228.48 million from Special Revenue Allocation, N23.10 million from refund by Nigerian National Petroleum Corporation and N56.77 million being the SURE-P allocation.
Of the N2.372 billion available for distribution to the Area Councils, the FCT Joint Account Allocation Committee distributed N845.98 million to the FCT Universal Basic Education Board for payment of the primary school teachers’ salaries in the six area councils; N95.04 million to FCT Area Councils Pension Board being 15 per cent pension fund as statutorily required; and N23.72 million to FCT Area Councils Service Commission being one per cent training fund, also statutorily required.
The net revenue allocation of N1,280,775,901.74 was distributed to the six Area Councils, with Abuja Municipal receiving N322.75 million; Bwari, N233.99 million; Gwagwalada, N204.96 million; Abaji, N186.23 million; Kuje, N174.61 million; and Kwali, N158.21 million.
Of the N56.77 million SURE-P funds, Abaji was allocated N6.96 million, Abuja Municipal, N16.77 million; Bwari, N9.28 million; Gwagwalada, N8.50 million; Kuje, N7.45 million, and Kwali, N7.79 million.
It will be recalled that the FCT Area Councils Joint Account Allocation had on December 5, 2012 withheld N140,129,862.71 being the FCT Administration’s 10 per cent Internally Generated Revenue pending when the Area Councils settle their accumulated debt.
The minister had explained that the JAAC’s decision to withhold the FCTA’s 10 per cent IGR had become necessary to enable the Area Councils clear their outstanding debt of N247.08 million.
The Area Councils owed N144 million being Fadama III Counterpart Fund, N65.70 million for subsidized tractor sales under the public private partnership arrangement, N7.38 million for 2012 Buffer Stock Grains, and N30 million for biometrics.