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FCT-IRS targets N250b revenue in 2024 fiscal year

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Haruna Abdullahi

The Federal Capital Territory-Internal Revenue Service (FCT-IRS) has indicated that its targed for 2024, stands at N250 billion as revenue to be generated for the fiscal year
The Ag. executive Chairman of the service, Mr. Haruna Abdullahi gave the indication on wednesday during the 2023 Annual Press briefing at the service headquarters, Garki Abuja.
“For the year 2024, FCT-IRS has a target of N250 billion, we are determined and optimistic that we will realize and surpass that, with the committed and dedicated staff of the Service, support support from the FCT Administration, the National Assembly and other key stakeholders especially our esteemed taxpayers.
He said the target is achievable and the task ahead is surmountable.
FCT-IRS targets N250b revenue in 2024 fiscal year

According to him, the Tax Revenue Collection of the FCT-IRS grew from barely N46 billion in 2017 to over N124 billion in 2022 indicating over 270% growth. 
“At this point, I would like to inform the general public that as at 19th December 2023, the FCT-IRS for the first time since its inception in 2015 has exceeded the N200 billion mark by generating the sum of N203,147,090,410.5 as annual revenue for the year 2023.

“This is a huge milestone for the Service and it represents about 63.34% increase in collection from the preceding year.”

He indicated that from January 2024, the Service shall embark on intensive enforcement exercise by ensuring that all relevant provisions of the tax laws are strictly complied with accordingly.
“For avoidance of doubt, section 32 of FCT-IRS Act, 2015 empowers the Chairman of the Service to authorize any Officer of the Service to have free access to properties and records of taxpayers for the purpose of compliance with the tax laws. “The Service will not only hesitate to prosecute tax offenders through the instrumentality of the law but will ensure that all tax due to FCT are recovered. 
“To comply with the ease of doing business initiative, the Service will open more tax offices across the six Area Councils in FCT and at strategic locations or centers within the metropolis for convenience of the taxpayers.
He said the service will further streamline services, making the tax offices accessible to a broader population and contributing to overall organizational growth. “Additionally, a state of the art headquarters will be constructed, not only to provide for coordination of operations but also reflect our commitment to excellence.
“To attract and retain young talents, the Service will embark on providing targeted training programmes towards ensuring employees stay updated with industry trends and by also providing staff with modern working tools to foster efficiency and innovation. 
“At the end of the growth stage, the Service would have achieved its vision of being a model Internal Revenue Service serving as a benchmark for Africa.
“Under the consolidation stage which is from January 2029 to December 2034, the Service should be operating on a sustainable level with a global vision of competing with revenue authorities around the world.”
Continuing, he said, the Service will further employ the use of technology to enhance its operations mainly in the area of compliance, enforcement and also seek to consolidate the culture of transparency and accountability in order to build trust and cooperation between the service and the taxpayers.
“The focus will be in the deployment of artificial intelligence, cloud computing, collaboration tools, business process automation and data analytical tools to facilitate compliance and performance of routine tasks aimed at encouraging voluntary compliance and ease of doing business.”
He indicated that taxpayer base has grown from about 543,969 for individuals and 284,746 for non-individual in 2015 to 1,108,162 for individuals and 389,981 for non-individuals in 2023.
“In collaboration with other sister agencies in the FCT, the FCT-IRS has commenced  enforcement of Section 85 of the Personal Income Tax Act, 2011 (as amended) and Section 31 of the FCT IRS Act, 2015 for MDAs, FCT SDAs, Commercial Banks, and other Corporate bodies to demand and verify TCC as precondition for rendering services in  FCT.
“The Growth Stage of the Service is from January 2024 to December 2028, the Service targets to achieve annual revenue benchmark of N500 billion by the end of the second stage (growth stage).
“The strategies will include; optimization of the current revenue streams, operationalization of non-performing tax types and strategic tax audit of individuals and non-individuals.
“The Service intends to improve taxpayer base through tax education, town hall meetings, media engagements, inter-agency collaboration within FCT SDAs and other key stakeholders such as FIRS, JTB, Tax Practitioners, Development Partners and other Professional Bodies.”
“As part of our efforts to ensure compliance with filing of returns, the Service will in accordance with the tax laws apply penalty for non-filing of annual returns by 31st January of every year for employers and 31st March of every year for individuals. “A comprehensive reassessment of returns will be intensified, which will be followed by constant monitoring and compliance exercises.”
“From inception, the emphasis has been on driving the Service using technology. The Service has invested in modern working tools such as hardware and software.
“The processes of registration, payment, receipting, assessment, Tax Clearance Certificate (TCC) issuance, filing of returns, TCC verification, and generation of withholding tax credit note have all been automated.
“In order to encourage voluntary compliance and to allow taxpayers perform their tax obligations at the comfort of their homes or offices, the FCT-IRS Self Service portal (www.fctirs.gov.ng) enables Taxpayers to perform functions such as; request for Taxpayer Identification Number (TIN), file annual returns, make payment and request for TCC.”

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Kingibe felicitates with muslims at Eid El- Maulud, pledges continued support

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The senator representing the Federal Capital Territory (FCT), Ireti Heebah Kingibe,  has congratulated Nigerians, particularly the Muslim Ummah, on the occasion of Eid-el-Maulud, marking the birth of the Holy Prophet Muhammad (Peace Be Upon Him).
Her senior soecial assistant on media kennedy Mbele, qoted her to have urged Muslims to embrace the values of patience, sacrifice, and resilience during these challenging times. 

She also encouraged them to use the occasion to pray for peace and prosperity in the FCT.

The Senator pledged to continue her intervention programs and vibrant representations aimed at uplifting and progressing the FCT and its residents.

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FCT-IRS commits to supporting business Success

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The Federal Capital Territory Internal Revenue Service (FCT-IRS) has reaffirmed its dedication to supporting the growth and development of businesses in the territory.
Ango made the promise when he received a delegation from the Abuja Chamber of Commerce and Industry (ACCI) led by the President, Chief Emeka Obegolu who paid him a courtesy visit in Abuja.
Head Corporate Communications, FCT-IRS, Mustapha Sumaila in a statement quoted Ango to have reiterated the interconnectedness of business success and revenue generation, highlighting the FCT-IRS’s role in creating an enabling environment for economic growth.

He noted that the current administration’s focus on improving the ease of doing business aligns with the FCT-IRS’s goals.

He explained that it is a known fact that revenue collection or administration does not exist in a vacuum rather it exists in the context of the larger economy and whatever happens in the economy would certainly have impact on revenue collection adding that when businesses thrive, it would have a positive impact on revenue generation and if businesses are in bad shape, it will also affect the collection.

The FCT-IRS boss noted that the focus of the current administration was to improve the ease of doing business and create a conducive environment for businesses to grow.

“One of the major policy statement that the President made in terms of taxation and revenues, is that we should not tax the seeds, but we should tax the fruits and this demonstrates his commitment to enhance ease of doing business” he stated.

Meanwhile the Acting Executive Chairman disclosed that henceforth the Service would be seen doing more on Corporate Social Responsibility (CSR) to give back to businesses and communities across the territory.

“The FCT-IRS as a tax authority will now be visible in the area of CSR. We can go to the market, plazas and offer assistance by improving their facilities in order to have a conducive environment. In doing this, they will understand that we are not only coming to take from them but to also give to support their businesses”

Ango said the Service under his leadership was mapping out strategies to promote voluntary compliance by the taxpayers adding that, in taxation voluntary compliance was the best form of compliance.

He thanked the ACCI team for the visit and assured them of his support and continued collaboration by the Service to promote business activities in the FCT. The chairman however harped on the need to maximise the relationship to guarantee mutual benefits between the two organisations.

Earlier in his remarks, the President Abuja Chamber of Commerce and Industry (ACCI) Chief Emeka Obegolu, congratulated the FCT-IRS Chairman on his appointment and expressed gratitude for the historical support the Service has rendered, emphasizing the positive impact on business opportunities.

He said “the ACCI as you know is the voice of the private sector in the FCT our major mandate is to advance the ease of doing business in the FCT and advocate for policies of government that will support it. We work with four focal centers in ACCI.
“The first is the national chambers of commerce dispute resolution center, it is a center established within ACCI with mandate to promote effective dispute resolution in commercial disputes. Second is the national chamber of commerce dispute which serves the business community in the FCT and we believe that with the appropriate policies of government it can serve in tax dispute resolution.
“We also have the Abuja trade center with mandate to organize business to business meetings with trade missions, trade fairs and generally to promote commerce within and outside the FCT. We have the BEST center which is the Business Enterpreneurial Skills and Technology center of the ACCI.

“This center serves to train skilled workforce for the business entities in the FCT what we do is to conduct a survey of the needs the workforce needs of FCT businesses and tailor skills training to support those needs and the last center is the policy and advocacy center which is the arm of the ACCI that advocates continuous engagements with legislature and government parastatals to promote ease of doing business”.

Speaking on the upcoming Abuja International Trade Fair starting on 20th of September 2024, with the opening ceremony on the 23rd, the ACCI President sought to deepen collaboration for mutual benefit and strengthen the existing relationship by supporting tax education and advocacy within the territory.

Also present was the Former President of the Chamber a former Attorney-General of the Federation and Minister of Justice, Prince Adetokunbo Kayode who expressed joy at the warm reception from the FCT-IRS acknowledged the critical role of the institution in the development of the FCT.

He eiterated the importance of collaboration and support, proposing that the FCT-IRS becomes a council member of the chamber to enhance cooperation for public welfare and economic growth.

Highlighting the significance of broadening the tax base as a key focus, he buttressed the need for advocacy and outreach, especially towards individuals and small businesses. He also stressed the essential role of tax policies in economic development, emphasising the importance of supporting SMEs for inclusive growth.

“We know you are dealing with individuals and SMEs and I think the government really needs to strengthen the policy of FCT even other state IRS which is the heart and soul of our economic development. We have millions of SMEs and these are people that you deal with too so there is a conjunction there so we assure you of our cooperation” he added.

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FCTA provides free medical outreach to over 3,370 residents in Bwari

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Mariya Mahmoud

The Federal Capital Territory Administration (FCTA) has commenced a free medical outreach, that has brought succour to over 3,370 residents across Bwari Area Council.
The outreach was flagged off by the FCT Minister of State, Dr. Mariya Mahmoud on Thursday in Abuja
A statement by the special adviser on media to the miniater, Austine Elemue indicated that the initiative, which is an offshoot of the Renewed Hope Medical Mission, has a wide range of medical services, including antenatal care (ANC), immunizations, screenings for HIV, diabetes, and hypertension, as well as dental and nutritional assessments for the people
The statement quoted Dr. Mahmoud to have emphasized the FCTA’s commitment to providing quality healthcare to residents of the Federal Capital Territory (FCT).
She indicated that Nigeria has been facing high maternal and child mortality rates due to inadequate access to healthcare services, especially in remote areas. She disclosed the FCTA’s plans to renovate and build more primary healthcare centers across the six area councils while hiring additional healthcare workers to meet growing healthcare demands.

“The free medical outreach is aimed at addressing the health needs of underserved communities,” Dr. Mahmoud said.
She also educated the attendees on the important health issues, including the significance of antenatal care, the dangers of pregnancy complications, and the benefits of immunization for preventing childhood diseases.

The Mandate Secretary of the Health Services and Environment Secretariat, Dr. Adedolapo Fasawe, noted that despite improvements in healthcare services, many communities in the FCT remain underserved.
She explained that the success of a similar medical outreach in Kuje Area Council in 2023 led to the expansion of the program in 2024.
The Kuje outreach provided care to 1,578 outpatients and referred several patients for surgeries at Wuse and Asokoro Hospitals.

As part of the Bwari outreach, dental services were provided to over 300 patients, while 931 residents received eye care, with many receiving reading glasses and referrals for cataract surgeries.

The event came to a close with Dr. Mariya Mahmoud consulting with some of the patients herself, underscoring the FCTA’s commitment to directly engaging with the community and addressing their healthcare needs.

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