‘Why there is improved revenue in FCT’

The Acting Executive Chairman of the  Federal Capital Territory Internal Revenue Service (FCT-IRS), Mr. Haruna Abdullah, has said the management of the service has prioritized institutional framework as a key strategy to steadily boost revenue generation in the territory.

He stated this in his address on ‘Accounting for a Better World’  at the annual Association of Chartered Certified Accountants (ACCA) Members, Partner Employers and Students Summit 2023 in Abuja.

He said what the management of the service under his leadership has been doing in the last two years was to build a strong and robust system that would outlive them, thereby making processes and procedures of tax administration easier and seamless with a view to enhancing tax collection.

“What we have been doing in the last two years is to build the institutional framework to fit into globally recognised institutions that will be a model for not only our counterpart agencies in Nigeria but in Africa.

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“We have carried out a number of reforms to reshape the service to enhance our revenue drive in the FCT.

“We have stepped up on our awareness campaigns to educate taxpayers on all our processes and also mobilise prospective taxpayers to be in the tax net.

“Our engagement with our major stakeholders has been enhanced over time as we constantly engage them, update and educate them on decisions, direction and introduction of any policy in order to carry them along.

“Capacity building of staff has been an utmost priority for the service. We cannot have an efficient and committed workforce if the staff are not well trained to deliver optimally,” he stated.

“From what we have done so far, in the next few years, there will be visible impact in terms of what the service will be generating,” he stated.

The FCT-IRS boss, while speaking to students at the summit, admonished them on the importance of mentorship when making career choices, as guidance from their mentors would go a long way in shaping their career paths.