From Our Correspondent
The Federal Capital Internal Revenue Service (FCT-IRS) says it generated N126.54 billion in revenue in the first half of 2024.
Mr Haruna Abdullahi, the acting Executive Chairman, announced the figures at the FCT-IRS mid-year news conference, on Wednesday, in Abuja.
TheNewsZenith reports that Mrs Chinwe Anohu-Ndu, Director of Tax, represented Abdullahi at the presentation.
Revenue figures dished out indicated a 53.5 per cent increase over the N82.46 billion collected in the corresponding period last year.
It is also 119.7 per cent higher than the N57.59 billion collected in the first six months of 2022.
“This stellar growth highlights our commitment and determination to overcome obstacles while striving to boost revenue generation.
“We also owe this accomplishment to the high compliance rate of taxpayers in the FCT.
“We, therefore, urge everyone to continue choosing voluntary compliance over compulsion,” the acting Executive Chairman said.
Read Related News:
FIRS rakes in N10tr in 2022 – official
LIRS, FIRS collaborate on tax audit, information exchange
VIO to review traffic offence fines in FCT
EFCC auctions over 190 vehicles in Abuja, Ibadan, others
FIRS, CSOs seek action to curb revenue leakages
He explained that FCT-IRS was investing in technological advancements for seamless revenue collection in the FCT.
“We are currently optimising and upgrading our technology to improve tax compliance, reduce costs and enhance efficiency.
“This will enable us to build a more resilient tax system that will enhance revenue generation while making the tax paying process seamless for our taxpayers.”
According to him, FCT-IRS plays a critical role in stabilising the economy, despite numerous challenges, for the government to fund essential public services.
He commended the FCT Minister, Mr Nyesom Wike, for his exemplary leadership, support and commitment to boosting revenue generation in the FCT.
“We encourage all taxpayers in the FCT to prioritise tax compliance as a crucial aspect of development and nation-building.
Do you have a flair for Citizenship Journalism? Share stories of happenings in your area with TheNewsZenith on WhatsApp: 08033668669 or thenewszenithonline@gmail.com. Also, follow us on www.tiktok.com/@thenewszenithonline
