Plans have been put in motion to begin the immediate recovery of the N29,506,643,943.98 ground rents owed the Federal Capital Territory Administration by property owners in Abuja.
The move, the administration hopes, will boost revenue generation which is critical for the provision of infrastructure as well as delivery of quality services to the residents of the territory.
The FCT Permanent Secretary, Adesola Olusade, while inaugurating a Coordinating Committee on the Recovery of Outstanding Ground Rents said, since the inception of the current administration pays utmost importance to improvement in revenue generation as funding is key in the running of government.
Olusade explained that funding of FCTA activities is being hampered due to paucity of funds, which is necessary for the running of a modern capital city such as Abuja.
In his words, “The decision to embark on recovery of Ground Rents has therefore, become a matter of necessity. We are serious about this. All those owing should come forward to settle their debts”.
The Permanent Secretary recalled that the FCT Administration has earlier migrated all revenue collections to Treasury Single Account, TSA, via REMITA Platform, to boost revenue generation in compliance with the Federal Government directive.
According to him, “despite all these efforts, the rate of revenue generation has not met the realities on ground, hence the need to exploit other frontiers”.
The 9-Member Coordinating Committee is headed by the FCT General Counsel and Secretary of Legal Services Secretariat, Muhammed Umar.