FCT-IRS Collected N252.83bn IGR In 2024

The Federal Capital Territory Internal Revenue Service, FCT-IRS, said it raked in a total of N252.83 billion Internally Generated Revenue, IGR, in 2024.

The acting Executive Chairman of the service, Michael Ango, made this known at the 2024 end of year media parley on Thursday in Abuja.

Ango said that the amount, collected between January and Dec. 18, represents 101 per cent of the N250.2 billion target for the year.

According to him, the figure also represents a 19.8 per cent increase on the N211.1 billion collected in 2023.

He attributed the successes to the dedication of members of staff and management staffers of the service, FCT Secretariat, Departments and Agencies, FCT area councils and other government agencies.

The acting chairman also applauded the support of the Senate and House Committees on FCT

The FCT-IRS boss said that since his appointment in August 2023, he had taken certain steps to improve the ability of the service to discharge its mandate,

He stressed that one of the changes is the review and expansion of the organisation’s structure, with the creation of new departments.

He identified the department as Audit, Debt Management and Enforcement, as well as the expansion of the Tax Operations Department by taxpayer type.

This, according to him, led to the creation of two new directorates, one of which focused on government’s Ministries, Departments and Agencies, corporate entities and international organisations.

Ango added that the other directorate focused on individuals and enterprises and partnerships.

“We also created a separate Learning and Development Department, which focuses on capacity building and training of our employees and other stakeholders.

“We created a High Net-worth Individuals Unit, focused on taxation of HNIs in Abuja.

“FCT-IRS has further strengthened its collaboration with the Nigerian Financial Intelligence Unit to get active intelligence on HNIs in Abuja with a view to improving tax compliance and collection,” he said.

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