FCT Inland Revenue Service generates N252bn revenue

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Abuja, Dec. 19, 2024 – The Federal Capital Territory Inland Revenue Service (FCT-IRS) has generated ₦252 billon as internal revenue for 2024.

Michael Ango, it Acting Executive Chairman, disclosed this during a briefing in Abuja on Thursday.

He said the amount had been generated as of the close of business on Wednesday, Dec. 18, 2024.

Ango said the revenue was an increase of 19% over the ₦211billion generated in same period in 2023.

He said the revenue also represented 101% of the revenue target of ₦250 billion in 2024.

 Ango said: “As you may be aware, the FCT-IRS reported a total revenue collection of ₦211,100,288,136.36 for the 2023 fiscal year from all sources.

“I am pleased to report that, as of the close of business yesterday, Wednesday, 18 December 2024, we have a total collection of ₦252,825,487,775.71.

“This represents a 19.8% increase on last year’s collection and is about 101% of our target of ₦250.2 billion for 2024.

“This performance was due to the efforts of our staff, the management of the FCT-IRS, and the support from other secretariats, departments, and agencies of the FCT.

“I must also acknowledge the collaboration with the Area Council and other government agencies within and outside the FCT.

“I particularly want to thank the Senate and House of Representatives Committees on the FCT, as well as their respective Chairmen, Honourable Muktar Aliyu Betara and Ibrahim Mohammed Bomai, for their unwavering support and guidance.”

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