The Federal Capital Territory Administration (FCTA) has disclosed that it has taken necessary measures to increase the revenue generation of the administration.
Speaking when he declared open a two-day media retreat for members of the FCT press corps in Lokoja, Kogi State at the weekend, minister of the Federal Capital Territory (FCT), Malam Muhammad Musa Bello, revealed that the administration has also commenced reforms to improve revenue collection, stop leakages and to eliminate fraud.
Bello noted that President Muhammadu Buhari’s change agenda on diversification of the economy has constantly challenged the administration to achieve alternative ways of generating revenues and reducing over dependence on statutory allocations.
Represented by his chief of staff, Alhaji Bashir Maiborno, the minister stated that the administration has also strengthened its revenue generation agencies, such as the FCT Internal Revenue Service, AGIS, land department, Abuja Investment Company Limited (AICL), DOAS and the host of others.
In a paper titled, ‘Understanding Revenue Generation in the FCT: Challenges and Prospects’, the executive chairman of FCT Internal Revenue Service, Abdullahi Attah, listed some of the challenges facing the new agency to include, lack of master data of taxable persons and entities, an established culture of non-payment of tax, migrating nature of the Abuja tax population and inadequate capacity to manage a modern tax authority.
Attah disclosed that despite the challenges, the service has been able to register about 1,000 unique taxpayers, while over 11,000 Tax Clearance Certificate (TCC) have been issued to individuals and corporate bodies, in the FCT.