The Internally Generated Revenue (IGR) of the Federal Capital Territory (FCT) has risen by more than 344 percent, climbing from about N9billion monthly to over N40 billion, following revenue reforms implemented by the FCT Administration.
Nyesom Wike, FCT Minister disclosed this during in Abuja on Thursday, attributing the sharp increase to measures aimed at plugging revenue leakages, improving collection efficiency and expanding revenue sources, particularly from land-related payments.
Wike said the administration’s focus on recovering ground rents, improving the collection of Certificates of Occupancy (C of O) fees and strengthening accountability in revenue processes had significantly transformed the territory’s earnings.
“When we came on board, our IGR was a mere ₦9 billion a month, but as I speak to you today, we’ve been able to improve it to forty-something billion. So when people now say, ‘Oh, FCT is working, FCT is working,’ it’s working because somebody has made it to
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