FCT-IRS Grosses N98.5bn in Seven Months

Olawale Ajimotokan in Abuja 

The Federal Capital Territory Internal Revenue Service (FCT-IRS) has generated  N98,579,312,517.94 from January to July 2023, indicating a remarkable increase from the N65,757,760,389.50 collected during the same period last year.

The Executive Chairman of FCT-IRS, Mr. Haruna Abdullahi, disclosed this during a virtual meeting with the members of staff.

He said achieving over N33 billion higher than the previous year’s collection indicates effective strategies and practices being implemented.

He commended the staff on their exceptional performance and encouraged them to continue their unwavering commitment, aiming to surpass the revenue target set for 2023.

Abdullahi noted that their continued dedication is crucial, especially in these times when governments at all levels are actively working to enhance their revenue bases.

He said that the management of FCT-IRS under his leadership has been relentless in its efforts to establish a robust institutional framework to support the service’s operations, adding that the benefits of these ongoing endeavours have become evident, contributing to the remarkable results achieved.

While addressing concerns about the impact of fuel subsidy removal, Abdullahi reassured the staff that the Service was fully aware of the challenges they face. 

He pledged that every possible measure within the provisions of the budget will be taken to improve their well-being, ensuring that they receive what is due to them.

“We are not unaware of the challenges confronting us occasioned by subsidy removal, we are working on ways to ease the hardship, you know everything we do here depends on the budget.

“We put a lot of things on the pipeline not necessarily monetary as the management will do anything possible within the provision of the Act establishing the Service to ensure you have what is due to you,” he said.