This is a significant leap from the N399 million generated in August

The Federal Capital Territory Administration has generated N1.46 billion as internally generated revenue in September as against the N399 million realised in August.

Olajumoke Akinjide, the Minister of State for FCT, announced this on Friday in Abuja during the Joint Account Allocation Committee meeting attended by the leaders of the six area councils in the territory.

The minister attributed the decline in revenue in August to the inability of the Abuja Geographic Information System to remit its collection due to a pending court case.

She added that N2.05 billion received from the Federation Account would be shared among the six area councils and other stakeholders in the territory.

Akinjide said N836.25 million was deducted from the councils’ fund for primary school teachers? salary, N95.04 million for pension and N20.53 million as training fund.

She gave the net distribution of the allocation to the councils as follows: Abaji, N175.93 million; Abuja Municipal, N239.46 million; Bwari, N187.60 million; Gwagwalada, N192.25 million; Kuje, N165.38 million and Kwali, N141.24 million.

She also spoke on the Subsidy Re-investment Empowerment Programme (SURE-P), saying the fund was being channelled to create jobs in the territory.

She said that the area councils received N133.54 million as their share of the SURE-P fund for the month of August and September.

In this respect, she said Abaji would receive N13.93 million; Abuja Municipal, N33.54 million; Bwari, N18.57 million; Gwagwalada, N17 million; Kuje, N14.90 million and Kwali, N15.59 million.

Akinjide said that the chairmen of the councils were expected to develop programmes for which the SURE-P Fund would be utilised.

?The SURE-P fund, as recommended by the federal government, is to be put in a separate account in each area council; they should not be co-mingled with other monies so that this money will go for job creation and critical infrastructure,? he said.

View the original article here


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.