Federal Capital Territory (FCT) Minister Malam Muhammad Musa Bello on Tuesday tasked all stakeholders involved in Internally Generated Revenue (IGR) within the FCT to work together to improve revenue in the nation’s capital and surpass Lagos State in terms of IGR.
Bello led the charge while delivering a speech at a stakeholder retreat titled “Towards a Harmonized Revenue Management Framework in the CTF” at the Radisson Blu Hotel, Ikeja, Lagos.
While emphasizing the need for the CTF to increase income generation, Bello said, “In a nutshell, the CTF is not doing badly, but it’s not yet uhuru because we are performing well below our expectations in terms of income generation and I am confident that this retreat will allow us to consolidate and reposition ourselves on the right pedestal to even surpass Lagos in the area of IGR.
“Our IGR in terms of per capita last year actually put us next to Lagos, ahead of Rivers State with N 24,600 per person. Judging by FCT population estimates from the 2006 census, including the five percent growth rate between 2016 and 2020, Rivers State ranks third with a per capita IGR of N15,281.
“However, in terms of total IGR amount for 2020, FCT generated just over 102 billion naira and was ranked third behind Rivers State, which made 117.19 billion naira,” Bello said.
The Minister who was represented by the Permanent Secretary of the FCTA, Mr. Olusade Adesola, further underlined that with its enormous potential and its unique status as seat of the federal government, the FCT should naturally do better.
He continued, “With the enormous resources that we have in the CTF, if properly harnessed and managed efficiently, no one will see our return to revenue generation, and we will not have to put a cap on the federal government for. the allowance, when we can actually raise those funds and view the federal allowance as additional income.
“Our IGR alone should be more than sufficient to ensure self-reliance in the provision of efficient services and infrastructure, up to global standards, for all residents, all Nigerians and visitors.
“The public’s expectations from us are enormous and we are obligated to keep the government’s promises. No one is ready to accept an apology, nor is the FCT administration ready to accept an apology. “
Commenting on the controversy surrounding the right to collect, Bello lamented that the lack of trust and conflicting practice hamper the process of collecting revenue.
“We are all aware of the challenges associated with claims regarding revenue collection rights in the CTF and the related issues of multiple taxation, and this has a huge impact on our ease of doing business as it erodes trust and creates discouragement. instead of the other way around. ,” he said.
In his remarks, Lagos State Governor Babajide Sanwo-Olu noted that collecting taxes is the most important function of government because without it the government will not be able to provide such services. as security, infrastructure and foreign relations, among others.
Represented by Lagos State Finance Commissioner Dr Rabiu Olowo, the governor revealed that his state’s strong land use royalty has harmonized all sources of land revenue with local governments, which has also helped to create its database and requires collaboration.
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