The Nigerian Federal Capital Territory Administration (FCTA) says it is expecting nothing less than Three Billion Naira (N3bn) from Outdoor Advertisement and Signages at the end of December, 2020.
The Director of the Department, Dr. Babagana Adam, disclosed this in an interview with Voice of Nigeria in Abuja, Nigeria’s capital.
Dr. Adam said despite the revenue short fall within the last three months (April to June) due to COVID-19, the department has been able to generate over Four Hundred Million Naira (N400m) between January to date.
“I’m being modest but more than 3 billion Naira by the grace of Almighty God is achievable.
“The greater percentage of revenue of Outdoor Advertisement comes from the first party.
“The first party is the shops, the mosque, the hotels, filling stations, the business shops and what have you.
“And in Abuja we have over ten thousand. In AMAC alone, we have over ten thousand units to collect revenue. We have five hundred Mosques and plaza in Abuja. We have almost a thousand hotels, we have restaurants, amongst others,” Dr. Adam asserted.
Meanwhile, he used the medium to call on business owners, corporate organizations and individuals to pay money into designated TSA account through remittance to avoid falling victims of double payment as his administration will do everything possible to recover government revenue.
The Director of the Outdoor Advertisement and Signages (DOAS) department said constitutionally it is only the department that has right to collect outdoor advertisement and Signages levies from business owners within the Federal Capital Territory.
He called on their clients to avoid paying to other sources that are not traceable to the government coffers.
Dr. Adam also said since inception of his tenure, he has been able to jack up the revenue base of the FCT Administration:
“I resumed office on the 28th of May 2019. In 2017, they generated N167 million; in 2018, they made N166 million and in 2019, we surpassed even N500 million.
“So what they have collected in three years in a nutshell was N333million.
“But in my first six months I have generated N439million.”
Amaka E. Nliam