Federal Capital Territory to strengthen revenue generation

Hudu Yakubu, Abuja

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The Federal Capital Territory Administration, FCTA in Nigeria has pledged its commitment to strengthen mechanism that would assist in boosting revenue generation at all levels in the territory.

The FCT Permanent Secretary , Sir  Christian Chinyeka Ohaa gave said this at the FCT-IRS board retreat held in Abuja, Nigeria’s capital.

The Permanent secretary said the administration has no doubt that the retreat will bring about cross fertilization of ideas that would open more frontiers of progress within FCT and Nigeria at large.

He said; ” the FCTA IRS was established in 2015 to enhance revenue mobilisation strategies that will achieved adequate Federal Government subventions and the marginal internally generated revenue.

The Executive Chairman, Federal Capital Territory Internal Revenue Service, FCT-IRS Abdullahi Attah, said the Service has it core vision to make a major shift away from reliance on PAYE collections.

He says it covers a very small group of its taxpayers towards reliance on direct assessment of personal income tax.

The Executive Chairman said that within five years , direct assessment contribute a minimum of fifty percent, 50% of its total tax collections in the FCT IRS .

Mr. Attah said the retreat presents an opportunity for stakeholders to review the areas in which they have excel and equally identify their short comings

Full Support
He solicited the full support of FCT Area Council Chairmen to harmonies revenue issues.

The FCT ALGON chairman, Mustapha Adamu Denze commended the revenue board for the initiative, which he said was going to help in addressing the gaps.

Denze described the retreat as an opportunity for the area councils and FCTA to brainstorm on how best  revenue sharing formula should be.

Also, the chairman, Abuja Municipal Area Council, Abdullahi Candido said the retreat would bring to an end whatever conflict that exist between Area councils and FCT Administration as related to matters of tax.

According to him, the council chairmen were concerned with protecting what is meant for the councils.

 

Confidence Okwuchi