FCTA disburses N3.62bn to area councils, teachers, pension

The Federal Capital Territory Administration, FCTA, has disbursed N3.62 billion to the six Area Councils, teachers and pension scheme as statutory allocation for the month of May.

Dr Mariya Mahmoud, Minister of State FCT, presided over the 190th FCT Joint Account Allocation Committee meeting in Abuja on Tuesday.

Mr Mahmoud said that N1.14 billion was set aside for the six area councils, while N2.49 billion was earmarked for teachers and pension schemes.

She said that out of the N1.14 billion set aside of the six area councils, Abuja Municipal Area Council received N346.53 million, Gwagwalada got N160.81 million while Kuje received N191.38 million.

The minister equally said that Bwari Area Council received N152.8 million, Abaji N119.49 million while Kwali got N167.52 million.

For the N2.49 billion earmarked for teachers and pension scheme, the minister said that N2.12 billion was allocated to primary school teachers, while N36.25 million was set aside as one per cent Training Fund.

She also said that a total of N226.48 million was set aside as 15 per cent Pension Funds, while N107.85 million was earmarked as 10 per cent employer pension contribution.
NAN