Funding FCT budget with 100℅ IGR possible – Official

The Federal Capital Territory Internal Revenue Service (FCT-IRS) says that funding the FCT budget from a 100 percent internally generated revenue (IGR) source is possible through collaboration and synergy with other revenue-generating agencies. income in the territory.

The interim CEO of the service, Mr. Haruna Abdullahi, said this in a statement issued by the Head of Corporate Communications, FCT-IR, Malam Mustapha Sumaila, on Sunday in Abuja.

Abdullahi declared this when he received a delegation from the Directorate of Road Traffic Services (DRTS) led by Alhaji Wadata Bodinga, at the service headquarters in Abuja.

He explained that the service has been advocating the course of harmonizing the revenues of all revenue-generating agencies in the FCT with a view to blocking leaks, addressing multiple taxation and growing the revenue base in the FCT.

According to him, the effort will be made by the Federal Capital Territory to have the capacity to finance its budget solely through the IGR.

“We hope to see the FCTA finance their budget 100 percent with the IGR, so that what comes from the Federal Government as an appropriation is a surplus for them.

“From management to the board and all other stakeholders, this is what we want and we will be excited about this development, talking about it and finding solutions.

“We are passionate about harmonization, I mean harmonizing the entire collection process,” he explained.

The interim CEO assured the team of continued support for the service and stated that the FCT-IRS has been working tirelessly to grow and improve the revenue base at FCT.

He said that in light of this, he would continue to extend the hand of friendship to all revenue-generating agencies in the territory.

Abdullahi also said the service would review DRTS priorities to identify more areas for sustainable collaboration to improve revenue generation.

Previously, the DRTS director said the visit targeted three main areas of collaboration, support and training.

Bodinga stated that DRTS under his leadership was committed to ensuring safety and order at the FCT, as well as strengthening the existing collaboration between DRTS and FCT-IRS to drive revenue generation.

On the benefits of the collaboration between DRTS and the Service, the Director in charge of ICT of the FCT-IRS, Oduba Oduba, explained that it would help facilitate the exchange of data between the revenue generating agencies.

Oduba also said that the collaboration would improve road infrastructure through the revenue generated.

In addition, DRTS Head of Planning, Research and Statistics, Mr. Wale Durojaye, expressed DRTS’s willingness to provide data, reports and projections necessary to facilitate the FCT-IRS collection.

In the meantime, a committee had been formed to articulate and harmonize areas of possible collaboration between the two organizations with a view to boosting revenue collection.

The members are Mr. Malik Tukur, Director of Taxation, FCT-IRS; Oduba Oduba, Director in charge of ICT, FCT-IRS, while the Head of Planning, Research and Statistics, DRTS, Mr. Wale Durojaye, and DRTS Head of ICT, Mr. Auwal Mohammed, are also part of the committee.