The Acting Executive Chairman of Federal Capital Territory Internal Revenue Service (FCT-IRS), Mr Haruna Y. Abdullahi says FCT Budget can be funded 100 per cent from Internal Generated Revenue (IGR) with collaboration and synergy with other revenue generating agencies in the territory.
In a statement signed by the Head, Corporate Communications, FCT-IRS, Mr Mustapha Sumaila, made available to newsmen in Abuja, says Mr Abdullahi stated this when he received the delegation from the Directorate of Road Traffic Services (DRTS) led by its Director, Alhaji Wadata Aliyu Bodinga at the Services headquarters in Abuja.
The statement explains that the Service has been championing the course of harmonising revenue from all revenue generating agencies in the FCT with a view to block leakages, address multiple taxation and grow the revenue base in the FCT.
According to the statement , the effort would make the Federal Capital Territory have the capacity to fund its budget solely, through the IGR.
“We hope to see that FCTA will fund its budget 100 per cent from the IGR, so that whatever comes from the Federal Government as allocation, will be a surplus for them.
“We are passionate about harmonisation, I mean to harmonise the whole collection processes” he explained.
The statement reassures the team of the Service’s continued support, stating that FCT-IRS has been working tirelessly to raise and enhance the revenue base in the FCT, and would continue to extend hand of friendship across all revenue generating agencies in the territory.
It also says that the Service would review the priorities of DRTS in order to identify more areas for sustainable collaboration and enhance revenue generation.
In his remarks, the DRTS’ Director, Bodinga said the visit was targeted at three major areas; collaboration, support and training.
He stated that DRTS under his leadership was committed to ensuring safety and orderliness in the FCT as well as to strengthen the existing collaboration between DRTS and FCT-IRS to boost revenue generation.
Highlighting the benefits of the collaboration between DRTS and the Service, the FCT-IRS Director in charge of ICT, Oduba Oduba stated that the collaboration would help in facilitating the exchange of data between revenue generating agencies as well as to improve road infrastructure through the revenue generated.
The Head of Planning, Research and Statistics, DRTS, Mr. Wale Durojaye expressed the readiness of DRTS to provide data, reports and projections needed to facilitate FCT-IRS collection.
Meanwhile, a committee had been constituted to articulate and harmonise areas of possible collaboration between the two organisations with a view to boost revenue collection.
The members are Mr Malik Tukur, FCT-IRS Director Tax Operations, Oduba Oduba, Director in charge of ICT, FCT-IRS while Head of Planning, Research and Statistics, DRTS, Mr. Wale Durojaye and the DRTS’ head of ICT, Mr Auwal Mohammed are also part of the commit