FCTA moves to strengthen revenue generation
The Federal Capital Territory Administration, FCTA, has pledged its commitment to strengthen mechanism that will assist in boosting revenue generation at all levels.
FCT permanent secretary, Sir Christian Ohaa, gave this assurance at the FCT-IRS Board retreat held in Abuja, last week.
Ohaa, who was represented by the Director of Treasury, Malam Ishaiku Ismaila, said the administration has no doubt that the retreat will bring about cross fertilization of ideas that will open more frontiers of progress within FCT and Nigeria at large.
In his words: "the FCTA-IRS was established in 2015 to enhance revenue mobilisation strategies that will achieve adequate federal government subventions and the marginal internally generated revenue".
Earlier in his address, the Executive Chairman, Federal Capital Territory Internal Revenue Service, MalamvAbdullahi Attah, said the service has it core vision to make a major shift away from reliance on PAYE collections, which covers a very small group of its taxpayers towards reliance on Direct Assessment of Personal Income Tax and ensure that within five years, direct assessment contributes a minimum of 50 percent of its total tax collections in the FCT-IRS
Attah said this retreat presents an opportunity for stakeholders to review the areas in which they have excel and equally identify their short comings
He solicited the full support of FCT Area Council chairmen to harmonies revenue issues.
On his part, the FCT ALGON chairman, Mustapha Adamu, commended the revenue board for the initiative, which he said was going to help in addressing the gaps.
Adamu described the retreat as an opportunity for the area councils and FCT Administration to brainstorm on how best revenue sharing formula should be.
Also, the chairman, Abuja Municipal Area Council, AMAC, Hon. Abdullahi Candido, said the retreat would bring to an end whatever conflict that existed between area councils and FCT Administration as related to matters of tax.
According to him, the council chairmen were concerned with protecting what is meant for the councils.