FCT partners with Media to boost Internal Generated Revenue

Hudu Yakubu, Abuja

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Media practitioners covering the Federal Capital Territory Administration, FCTA, in Nigeria have pledged to partner with the FCT Administration to help boost its Internal Generated Revenue, IGR, in a way that it would surpass its statutory allocation.

They made the pledged in a communiqué at the end of a two-day media retreat of the FCT Minister’s Press Corps organised by FCTA in Lokoja, Kogi state, northern Nigeria with the theme “Understanding Revenue Generation in FCT: Challenges and Prospects.

The retreat was declared open by the FCT Minister, Mallam Muhammad Musa Bello represented by his Chief of Staff, Alhaji Bashir Mai-Borno.

Participants at the retreat have called on government at all levels, specifically in the FCT to shift its focus from mainly providing infrastructure but to the development of human capital as well.

“It was observed that in some quarters, there has been a greater concentration in infrastructural development alone as opposed to human capital development. It was further observed that because of the long history of corruption and poor governance in the country, most Nigerians tend to have a lukewarm attitude towards paying their taxes”, it further stated”.

They also urged the government to see the people as partners for development by listening to their yearnings and aspirations before executing projects rather than copying hook, line and sinker, projects from other climes.

The participants also observed that, there is need for proper awareness of the various taxes and revenue through educating the public on the differences between Tenement Rates and Property Tax.

They further deduced that, media should engage in vigorous advocacy to encourage taxable Nigerians to develop the culture of filing annual tax returns.

It was also agreed by the Participants at the end of the retreat that there is need for the government to introduce periodic audit of taxable persons annually.

 

Nnenna.O