Saturday October 7, 2023
The Federal Capital Territory Administration has set a target of over N250bn, as monthly internally generated revenue in the territory.
Mandate Secretary of the Economic Planning, Revenue Generation, and Public Private Partnerships Secretariat, Chinedum Elechi, made this known on Friday, during a meeting with revenue officers at the FCDA Conferences Hall in Abuja.
Elechi said it was even possible for the administration to generate as much as N300bn in a month, adding however that it will have a “human face”, to deal with the issues of multiple taxation in the FCT.
He said, “We think that FCTA can do N250 billion a month on a good day, and that is the sort of target we are looking at.
“We can even do N300 billion a month in some good periods. So that is what we want to work out. However, in trying to grow revenue, it will also have a human face, because we are going to be dealing with issues of multiple taxation, so things are going to be streamlined.”