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FCT IRS generates N126.54bn from January to June  

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The Federal Capital Internal Revenue Service (FCT-IRS), has collected and remitted N126.54 billion from January to June 2024.

The acting Executive Chairman, Mr Haruna Abdullahi, made this known during the FCT-IRS mid-year news conference in Abuja on Monday.

The executive chairman was represented at the event the Director Tax Operations, Mrs Chioma Anohu-Ndu.

He said that the figure was 53.5 per cent higher that the N82.46 billion collected in the first half of 2023.

He added that the N126.54 billion was 119.7 per cent higher than the N57.59 billion collected in the half year of 2022.

This, according to him, is an indication of a year-on-year growth.

“This stellar growth highlights our commitment and determination to overcome obstacles while striving to boost revenue generation.”

Abdullahi pointed out that the FCT-IRS achieved these impressive results within six months in spite of economic challenges.

He attributed the successes to the service’s resolve to leverage technology and build one of the most functional e-service portals in the revenue sector.

“We also owe this accomplishment to the high compliance rate of taxpayers in the FCT.

“We, therefore, urged everyone to continue choosing voluntary compliance over compulsion,” he said.

On enforcement, the executive chairman said that the revenue service has commenced an enforcement drive to tackle tax evasion and ensure the collection and accounting of all revenue accruable to the FCT.

He added that non-compliant businesses have been sealed, and appropriate legal actions taken to recover all tax liabilities and ensure timely payment of subsequent taxes.

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Abdullahi said that FCT-IRS was investing in technological advancements for seamless revenue collection in the FCT.

“We are currently optimising and upgrading our technology to improve tax compliance, reduce costs, and enhance efficiency.

“This will enable us to build a more resilient tax system that will enhance revenue generation while making the tax paying process seamless for our taxpayers,” he said.

He said that FCT-IRS plays a critical role in stabilising the economy during economic challenges by generating revenue for the government to fund essential public services.

“Key expectations include maximising tax collection to increase government revenue and ensuring efficient tax administration by streamlining tax processes, reducing bureaucracy, and combating tax evasion and fraud while educating and enlightening taxpayers.

“The service is also committed to aligning with Federal Government tax policy reforms aimed at stimulating economic growth.

“The service is also dedicated to engaging with taxpayers, businesses, and other stakeholders to understand their challenges to continuously develop solutions that will enhance tax compliance and eliminate tax evasion,” he added.

He commended the Minister of the FCT, Mr Nyesom Wike for his exemplary leadership, support, and commitment to boosting revenue generation in the FCT.

The FCT-IRS boss said that the service was working tirelessly to surpass the N500 billion 2024 revenue target, by remaining focused and sustaining the momentum.

“We encourage all taxpayers in the FCT to prioritise tax compliance, describing it as a crucial aspect of development and nation-building.

“By fulfilling your tax obligations, you contribute directly to the growth and prosperity of the FCT and the nation at large,” he said. (NAN)

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National

Tinubu says N54.99trn 2025 budget will empower Nigerians, build resilient future

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President Bola Tinubu has said the N54.99 trillion 2025 budget signed into law on Friday will empower Nigerians and build a resilient future.

The President said this after signing the budget in a brief ceremony witnessed by Sen. Godswill Akpabio, President of the Senate, and other leaders of the National Assembly at the Presidential Villa, Abuja.

“We reaffirm our commitment to securing the future, rebuilding prosperity and ensuring that every Nigerian shares in the dividends of governance.

“The past year tested our resolve but through the economic discipline and strategic reforms, we achieved what many deemed impossible.

“There is no dust in our faces and there are no tears on our cheeks. We worked together as brothers and sisters collaboratively.

“After the initial turbulence, and the take-off was very cloudy and uncertain; today, we see light at the end of the tunnel,” said the President.

He said there were signs of progress in the country, with GDP growth rebounding to 3.86 per cent and revenue increasing to N21.63 trillion.

The President said the Naira rebounded reflecting the resilience of Nigerians: “We have reduced the deficit significantly from N6.2 in 2003 to N4.217 per cent.

“The forex reform is working in the foreign exchange market. The minimum wage was raised and we are meeting all obligations.

“I want to thank the National Assembly; everyone of them whether they participated in the review or not, we are building the same country.”

Tinubu said the collaboration between the executive and legislature was making a difference, and that he was determined to move the country forward.

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“Today, I can smile that you have given the hope to our people. We can only promise to work harder,” Tinubu said. (NAN)

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National

Matawalle Urges Nigerians To Pray For Security As Ramadan Fast Begins

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The Honourable Minister of State for Defence, Dr. Bello Muhammad Matawalle, has called on citizens to offer prayers for the country’s armed forces and security agencies as they continue their fight against insecurity.

His appeal comes at the start of the Muslim holy month of Ramadan, a time of fasting, reflection, and devotion for millions of Nigerians.

In a statement released on Friday by his Special Assistant on Media, Ahmad Dan-Wudil, the minister underscored the need for divine intervention in addressing Nigeria’s persistent security challenges.

He urged religious leaders, community heads, and all citizens to dedicate prayers for the safety and success of security personnel.

The call for prayers follows ongoing efforts by the military and other security agencies to combat insurgency, banditry, and other forms of violent crime across the country. Several regions, particularly the North, have witnessed increasing attacks by armed groups, leading to concerns about national stability.

Matawalle acknowledged the sacrifices made by the armed forces in safeguarding lives and property, stressing that their efforts deserve both moral and spiritual support from Nigerians.

“Our security forces work tirelessly to ensure our safety. As we observe this sacred month, let us remember them in our prayers,” he said.

The minister also highlighted the federal government’s commitment to enhancing security measures, including increased funding, better equipment, and improved welfare for personnel

However, he noted that beyond physical efforts, divine guidance and intervention remain crucial in overcoming the country’s security threats.

Meanwhile,religious leaders and scholars have welcomed Matawalle’s call for prayers, describing it as a timely appeal.

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Zamfara State former Governor also encouraged Nigerians to use the Ramadan period to seek peace, unity, and progress for the country.

As Ramadan progresses, the Defence State minister expressed hope that the nation will witness improvements in security and stability.

He reiterated the need for national unity and cooperation in addressing the challenges facing Nigeria.

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Politics

Rivers: Wike Urges Those Opposing Supreme Judgment To Appeal To God

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The Federal Capital Territory (FCT) Minister, Nyesom Wike, has reacted to the Supreme Court’s ruling on Friday, which nullified the local government elections in Rivers State and affirmed the legitimacy of the 27-member Rivers State House of Assembly led by Martin Amaewhule.

Speaking in Abuja, Wike described the ruling as a victory for democracy, stating that it has effectively ended the reign of impunity in Rivers State.

Wike also criticized former Vice President Atiku Abubakar and the Chairman of the Peoples Democratic Party (PDP) Governors’ Forum, Bauchi State Governor Bala Mohammed, for supporting what he described as lawlessness in Rivers State.

He insisted that Governor Siminalayi Fubara has no option but to obey the Supreme Court’s verdict, adding that the ruling invalidates all of Fubara’s decisions and appointments since the political crisis in the state began.

“I have always said that the wheel of justice is sluggish, but it will come when it will come. More than 15, 16 months, this matter has been laid to rest by the highest court of the land. The only thing that can happen now is for anybody unhappy to appeal to God—if there is an opportunity to appeal to God,” Wike said.

‘No Such Thing as an Amaewhule Faction’

When asked about the court’s recognition of the Amaewhule-led Assembly, Wike dismissed any notion of a divided legislature, stating:

“There is nothing like an Amaewhule faction. The Supreme Court has made it clear that you cannot have a democracy without a legislature. It is unheard of that three people will constitute an assembly to make laws for an entire state. It has nothing to do with personal preferences; the fact remains that three lawmakers cannot run a government.”

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Wike condemned Governor Fubara for attempting to govern without a legitimate legislature, arguing that the state’s budget must be presented to the duly recognized 27-member Assembly.

“A governor demolished the House of Assembly building and acted as if nothing happened. Then he moved the Assembly to his residence, where three lawmakers sat to pass laws and approve an appropriation bill. This level of impunity is unacceptable.”

The FCT Minister maintained that the Supreme Court’s ruling has effectively dismantled Governor Fubara’s government, stating that:

All appointments, including commissioners, are nullified.

No funds should be released to the state government without proper budgetary approval.

The governor must now operate within the confines of the law.

“The Supreme Court has now ruled that the Central Bank and the Accountant General must not release any funds to the Rivers State Government until the budget is properly presented to the 27-member Assembly. Without an approved budget, the government has no legal basis to spend money,” Wike said.

He also mocked Atiku and Bala Mohammed, urging them to remain consistent in their support for Governor Fubara.

“People like Atiku were praising Fubara when he defied the law. I hope they will also hail him today. The chairman of the PDP Governors’ Forum should also applaud him today. The Supreme Court has now silenced all of them.”

Wike warned Governor Fubara against disobeying the Supreme Court ruling, reminding him that any further defiance could lead to anarchy in the state.

“All his commissioners and his so-called attorney general—they are gone. They never existed in the first place. I am sure the so-called attorney general knows that he is no longer in office.”

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According to Wike, Fubara has committed several constitutional violations that justify impeachment, including:

Spending the 2024 budget without legislative approval.

Appointing commissioners without Assembly confirmation.

Demolishing the state House of Assembly building.

“Who spends trillions of Naira without a legislative appropriation? What greater constitutional infraction is there than this? If the Rivers State Assembly decides to impeach him, what can the Chief Judge—who has been supporting him—do now? The Supreme Court has ruled that there was no budget. Even if the Assembly wants to begin impeachment proceedings, there is nothing anyone can do about it,” Wike said.

Despite these infractions, Wike stated that he would not advise the lawmakers to impeach the governor.

With the Supreme Court ruling, Wike declared that Rivers State must now return to constitutional order and put an end to political impunity. He urged Fubara to align with the law and work with the recognized House of Assembly to move the state forward.

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