• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Saturday, July 12, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home News

C-of-O debts in FCT is over N300 billion – Wike

Nathaniel Irobi by Nathaniel Irobi
January 20, 2025
in News
0
C-of-O debts in FCT is over N300 billion – Wike
0
SHARES
0
VIEWS
FacebookTwitterWhatsappEmailTelegram

RelatedPosts

Troops Neutralise Notorious Kidnapper, Recover N13m Ransom

FG Sets July 15 Deadline for Payment of Wage Award Arrears to Civil Servants

APC N’Chair: TSN, CASG, ASGS Rally For Proven Party Man, Prof. Kailani

The Federal Capital Territory (FCT) Minister, Nyesom Wike on Sunday night said debts owed by property owners with regard to Certificates of Occupancy (C of O) is over N300 billion.

Wike spoke at a media parley held at his official residence in Life Camp, Abuja.

The minister also disclosed that his aggressive revenue drive has shot up the monthly earnings of FCT from about ₦9bn when he assumed office in August 2023 to an average of ₦25bn monthly.

He said the nation’s capital generated over ₦40bn in December 2024.

He attributed the growth in revenue to the collection of ground rents and payment of Certificates of Occupancy (C of O) by land allottees.

The minister said the FCT pays salaries to the tune of N13bn every month.

Wike said: “We don’t get up to N13bn from VAT and the 1% from the Federal Government. So, we have to augment the IGR to be able to pay the salaries because of the new wages.

“As at the time I came, we were generating about N9bn to N10bn. Today, by the grace of God, we are not generating less than N25bn a month.

“It is because of our aggressive revenue drive. In fact, last month, we were able to generate about 40 something billion naira. Aggressive revenue drive to be able to carry out infrastructure

ALSO READ:  Police arrest notorious leader of kidnappers in Rivers

“It must be from taxes and when taxes are not paid how do we get development?” he asked.

“In your conscience, can you say that the FCT is justifying the revenue or the taxes you are paying? Yes, it is correct. We can beat our taxes to say we are doing that but it is not enough,” he added.

Tags: debts
Nathaniel Irobi

Nathaniel Irobi

Related Posts

Troops Neutralise Notorious Kidnapper, Recover N13m Ransom

Troops Neutralise Notorious Kidnapper, Recover N13m Ransom

by Nathaniel Irobi
July 11, 2025
0

Troops of Operation Safe Haven (OPSH) have neutralised a suspected kidnapper accused of carrying out kidnapping activities along the Jos...

FG Sets July 15 Deadline for Payment of Wage Award Arrears to Civil Servants

FG Sets July 15 Deadline for Payment of Wage Award Arrears to Civil Servants

by Nathaniel Irobi
July 11, 2025
0

The Federal Government has set a deadline of July 15, 2025, for the payment of wage award arrears owed to...

APC N’Chair: TSN, CASG, ASGS Rally For Proven Party Man, Prof. Kailani

APC N’Chair: TSN, CASG, ASGS Rally For Proven Party Man, Prof. Kailani

by Nathaniel Irobi
July 11, 2025
0

A powerful coalition of All Progressives Congress (APC) support groups has thrown its weight behind Professor Kailani Muhammad as the...

Recommended

Naira Depreciates by 0.17% Against Dollar Friday

7 days ago
FCT Teachers Strike Suspended, Classes Set to Resume

FCT Teachers Strike Suspended, Classes Set to Resume

3 days ago

Popular News

  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Bwari Council Chairmanship Aspirant, Dara, Dumps Labour Party Over Suspected Foul Play In Primaries

    0 shares
    Share 0 Tweet 0
  • Innoson, Ibeto, Apostle Alozie To Honour Archbishop Emma David At Golden Jubilee Celebration

    0 shares
    Share 0 Tweet 0
  • Kaduna Govt Unveils 345 Supervisory Councillors, Special Advisers Across 23 LGAs

    0 shares
    Share 0 Tweet 0
  • Bannon Tried to Use Iran Strike to Split the GOP Says Former Counselor to Jared Kushner, Eliyahu Okkon, Esq.

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (737)
  • Education (217)
  • Entertainment (310)
  • Health (193)
  • National (2,168)
  • News (8,141)
  • Opinion (297)
  • Politics (1,621)
  • Science (15)
  • Security (405)
  • Sports (436)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform