FCTA disburses N3.62bn to space councils, others

The Federal Capital Territory Administration has disbursed N3.62bn to the six Area Councils, lecturers, and pension schemes as statutory allocation for May.

The Minister of State FCT, Dr Mariya Mahmoud, presided over Tuesday’s a hundred and ninetieth FCT Joint Account Allocation Committee assembly in Abuja.

Mahmoud stated that N1.14 billion was put aside for the six space councils, whereas N2.49bn was earmarked for lecturers and pension schemes.

The minister equally stated that Bwari Area Council acquired N152.8m, Abaji N119.49m, and Kwali N167.52m.

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The minister stated that of the N2.49bn earmarked for lecturers and pension schemes, N2.12bn was allotted to major college lecturers, whereas N36.25m was put aside as a one-percent Training Fund.

She additionally stated {that a} complete of N226.48 million was put aside as 15 per cent Pension Funds, whereas N107.85m was earmarked as 10 per cent employer pension contribution.


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