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FCT Generates N203.1bn IGR in 2023, to Double Figure in 2024

By Laide Akinboade, Abuja
Federal Capital Territory Internal Revenue Service (FCT-IRS) said it generated over N203.1 billion in 2023, an increase over the N124 billion it realized in 2022.
Acting Executive Chairman of the Service, Mr Haruna Abdullahi who disclosed this at a news conference on Wednesday in Abuja said the service projects to generate N250 billion in 2024.
He said, “the Tax Revenue Collection of the FCT-IRS grew from barely N46 billion in 2017 to over N124 billion in 2022 indicating over 270% growth.
“At this point, I would like to inform the general public that as at 19th December 2023, the FCT-IRS for the first time since its inception in 2015 has exceeded the N200 billion mark by generating the sum of N203,147,090,410.
5 as annual revenue for the year 2023.“This is a huge milestone for the Service and it represents about 63.34% increase in collection from the preceding year.
“For the year 2024, FCT-IRS has a target of N250 billion (Two-hundred and Fifty Billion Naira), we are determined and optimistic that we will realize and surpass that, with the committed and dedicated staff of the Service, support from the FCT Administration, the National Assembly and other key stakeholders especially our esteemed taxpayers, it is achievable and the task ahead is surmountable.”
He said the taxpayer base of the FCT has grown from about 543,969 for individuals and 284,746 for non-individuals in 2015 to 1,108,162 for individuals and 389,981 for non-individuals in 2023.
“In collaboration with other sister agencies in the FCT, the FCT-IRS has commenced enforcement of Section 85 of the Personal Income Tax Act, 2011 (as amended) and Section 31 of the FCT IRS Act, 2015 for MDAs, FCT SDAs, Commercial Banks, and other Corporate bodies to demand and verify TCC as precondition for rendering services in FCT,” he stated.
According to him, the service has invested in modern working tools such as hardware and software, adding that the processes of registration, payment, receipting, assessment, Tax Clearance Certificate (TCC) issuance, filing of returns, TCC verification, and generation of withholding tax credit note have all been automated.
“In order to encourage voluntary compliance and to allow taxpayers perform their tax obligations at the comfort of their homes or offices, the FCT-IRS Self Service portal (www.fctirs.gov.ng) enables Taxpayers to perform functions such as; request for Taxpayer Identification Number (TIN), file annual returns, make payment and request for TCC.
“As part of our efforts to ensure compliance with filing of returns, the Service will in accordance with the tax laws apply a penalty for non-filing of annual returns by 31st January of every year for employers and 31st March of every year for individuals. A comprehensive reassessment of returns will be intensified, which will be followed by constant monitoring and compliance exercises.
“The Service will further employ the use of technology to enhance its operations mainly in the area of compliance, enforcement and also seek to consolidate the culture of transparency and accountability in order to build trust and cooperation between the service and the taxpayers.
“The focus will be in the deployment of artificial intelligence, cloud computing, collaboration tools, business process automation and data analytical tools to facilitate compliance and performance of routine tasks aimed at encouraging voluntary compliance and ease of doing business.
“As from January 2024, the Service shall embark on intensive enforcement exercise by ensuring that all relevant provisions of the tax laws are strictly complied with accordingly.
“For avoidance of doubt, section 32 of FCT-IRS Act, 2015 empowers the Chairman of the Service to authorize any Officer of the Service to have free access to properties and records of taxpayers for the purpose of compliance with the tax laws.
“The Service will not only hesitate to prosecute tax offenders through the instrumentality of the law but will ensure that all tax due to FCT are recovered.
“To comply with the ease of doing business initiative, the Service will open more tax offices across the six Area Councils in FCT and at strategic locations or centers within the metropolis for convenience of the taxpayers and further streamline services, making the tax offices accessible to a broader population and contributing to overall organizational growth.
“Additionally, a state of the art headquarters will be constructed, not only to provide for coordination of operations but also reflect our commitment to excellence.
“To attract and retain young talents, the Service will embark on providing targeted training programmes towards ensuring employees stay updated with industry trends and by also providing staff with modern working tools to foster efficiency and innovation”, he added.
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FAAC: FG, States, LGCs Share N1.681trn April Revenue

By Tony Obiechina, Abuja
A total sum of N1.681 trillion, being April 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.According to a statement by the OAGF Director of Press and Public Relations, Bawa Mokwa during the weekend said the revenue was shared at the May 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The N1. 681 trillion total distributable revenue comprised distributable statutory revenue of N962.882 billion, distributable Value Added Tax (VAT) revenue of N598.077 billion, Electronic Money Transfer Levy (EMTL) revenue of N38.862 billion and Exchange Difference N81.407 billion.A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N2,848.721 trillion was available in the month of April 2025. Total deduction for cost of collection was N101.051 billion while total transfers, interventions, refunds and savings was N1066.442 billion. According to the communiqué, gross statutory revenue of N2,084.568 trillion was received for the month of April 2025. This was higher than the sum of N1,718.973 trillion received in the month of March 2025 by N365.595 billion. Gross revenue of N642.265 billion was available from the Value Added Tax (VAT) in April 2025. This was higher than the N637.618 billion available in the month of March 2025 by N4.647 billion. The communiqué stated that from the N1,681. 228 trillion total distributable revenue, the Federal Government received a total sum of N565.307 billion and the State Governments received a total sum of N556.741 billion.The Local government Council received N406.627 billion, while the sum of N152.553 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.On the N962.882 billion distributable statutory revenue, the communiqué stated that the Federal Government received N431.307 billion and the State Governments received N218.765 billion.The Local Government Councils received N168.659 billion and the sum of N144. 151 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.From the N598.077 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N89.712 billion, the State Governments received N299.039 billion and the Local Government Councils received N209.327 billion.A total sum of N5.829 billion was received by the Federal Government from the N38.862 billion Electronic Money Transfer Levy (EMTL). The State Governments received N19.431 billion and the Local Government Councils received N13.602 billion.From the N81.407 billion Exchange Difference, the communiqué stated that the Federal Government received N38.459 billion and the State Governments received N19.507 billion.The Local Government Councils received N15.039 billion, while the sum of N8.402 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.In April 2025, Petroleum Profit Tax(PPT), Oil and Gas Royalty, Electronic Money Transfer Levy (EMTL), Value Added Tax (VAT), Excise Duty, Import Duty and CET Levies increased significantly while Companies Income Tax (CIT) decreased considerably.COVER
Tinubu Meets Catholic Bishops in Rome, Seeks Unity in Diversity

By David Torough, Abuja
President Bola Tinubu has urged Nigerians to use their diversity for the country’s stability and rapid development.In a statement by the Special Adviser to the President on Information & Strategy, Bayo Onanuga said Tinubu spoke on Sunday in Rome when he received members of the Catholic Bishops’ Conference of Nigeria.
The President also issued a stirring call to leaders at all levels to work for the betterment of the citizenry. Tinubu, a Muslim, said, “If we use our diversity not for adversity but for prosperity, the country’s hope is stability and progress.”He described it as historic, being the President of Nigeria when a new Pope was inaugurated in Rome.The Catholic bishops were part of President Tinubu’s delegation to attend Pope Leo XIV’s installation mass on Sunday.Archbishop Lucius Ugorji, Archbishop of Owerri and President of the Catholic Bishops’ Conference of Nigeria, thanked President Tinubu for facilitating their visits to the Vatican to bury the late Pope Francis and witness the inauguration of Pope Leo XIV.He said the development signalled a new era of a more robust relationship between the President and the Catholic Bishops’ Conference.”You are always there for us. Now that you have come to the Vatican, whenever we have our conference in Nigeria, we will also invite you, and we look forward to interfacing with you just as you were able to do with the Holy Father,” he said.Archbishops Ignatius Kaigama of Abuja, Alfred Martins of Lagos, and Mathew Hassan Kukah, the Catholic Bishop of Sokoto Diocese, attended the meeting with the President.‘I’m the Head of Nigerian Delegation,’ Tinubu Tells Obi, Fayemi at VaticanPresident Bola Tinubu, Labour Party presidential candidate in the 2023 election, Peter Obi and a former Ekiti State Governor, Dr Kayode Fayemi, met briefly at the installation mass of Pope Leo XIV held on Sunday at the Vatican, Rome.The encounter, which drew attention on social media after it was shared by presidential aide Bayo Onanuga on X, took place during the religious ceremony attended by dignitaries from around the world.According to Onanuga, Fayemi first spotted Tinubu seated with other global leaders and urged Obi to join him in greeting the Nigerian leader.“Fayemi sighted President Tinubu, where he sat with other leaders and asked Obi to follow him to pay homage to the Nigerian leader. Obi agreed,” he posted.Upon reaching the President, Fayemi made a light-hearted remark to ease the atmosphere, saying, “Mr. President, welcome to our church, and thank you for honouring the Pope with your presence.”Tinubu immediately responded, “I should be the one welcoming you and Peter. I’m the head of the Nigerian delegation.”The President’s humorous response reportedly sparked laughter from Obi, who replied in agreement: “Yes, indeed. We are members of your delegation.”The interaction stood out for its symbolic significance, coming after the fiercely contested 2023 presidential election which saw Tinubu of the All Progressives Congress declared winner over Obi, the LP candidate.Both Fayemi and Obi are known to be devout Catholics and Papal Knights, an honour conferred by the Vatican on distinguished members of the Catholic Church.COVER
Bloody Weekend: Herdsmen Kill 15 in Benue, Boat Mishap Claims 27 in Kwara

From Attah Ede, Makurdi, Samuel James, Ilorin and Dan Amasingha, Minna
Again, no fewer than 15 people were reportedly killed while several others sustained various degrees of injuries in a renewed attack by suspected armed herdsmen in Ogwumogbo and Okpo’okpolo communities in Agatu Local Government Area (LGA) of Benue State.
According to a source, the attack started on Saturday evening and continued into Sunday morning, two weeks after a similar assault in Otobi-Akpa community in Otukpo LGA, where a district head of Agatu living in Otukpo local government area with seven others lost their lives. The source, who spoke to DAILY ASSET on phone on condition of anonymity, said 15 persons were killed in Ogbayi and Ogwumogbo communities respectively.”There was a small stream there, called Abekoko, one Ali from Ogwumogbo and 14 others whose names were not known yet, were killed”.“Our farming communities are now deserted, with residents fleeing to neighboring areas in search of safety.“The situation is dire, especially for women and children, who are urgently in need of assistance.”We call on the Benue State Governor, His Excellency, Rev. Dr. Fr. Hyacinth Iormem Alia as well as security personnel, to kindly swing into action to put an end to this unfortunate massacre of our people by criminal herders”, the source said.The Chairman of Agatu Local Government Council could not be reached for comment.However, a close aide to the council chairman told newsmen on phone that his principal could not be reached because he was far away attending the burial of those killed by the herders.The Aide, who spoke on condition of anonymity said the situation is pathetic, painful and a distraction of peace currently being enjoyed in Agatu area.”My chairman is pained over this latest killing because it was uncalled for, hence the relative peace and tranquility in our area since the beginning of year.”I can confirm to you that 15 people were killed in Ogbayi and Ogwumogbo communities in Agatu by armed herders.The chairman of Agatu Local Government Council Melvin James Ejeh who later confirmed the incident, said he was speechless.”I’m too emotional to speak about this incident. This is the first time we are witnessing this, since I became Chairman; I’m sad – Chairman”The attack was unprovoked. I thank the Benue State Governor Rev Fr. Hyacinth Alia for his quick intervention and also the security personnel who have been drafted to the area to forestall further attack”, the Aide said.When contacted, the chairman of Miyietti Allah Cattle Breeders Association of Nigeria(MACBAN) Benue State chapter, Mohammed Risku, said he was in a meeting and promised to call back.Benue State Command Police Public Relations Officer (PPRO), Catherine Anene, said the command was yet to receive any report concerning the attack.Boat Mishap Claims 27 Passengers in KwaraTwenty seven people have reportedly died in a tragic boat mishap in Kwara State.The passengers were returning from a market trip in Niger State when the incident occurred.The tragedy happened barely seven months after over 100 villagers lost their lives in a boat in Gbajibo community in Kaiama Local Government Area of Kwara State.According to eyewitnesses and a survivor, the accident was said to have occurred at night three days ago due to overloading.They said the total number of the passengers onboard was uncertain as the boat was designed to carry 100 passengers but often carried nearly 300 passengers during dry and rainy seasons.It was added that a heavy storm of the impending rain might have contributed to the mishap.While confirming the incident, the Chairman of Kaiama Local Government, Abdullah Danladi, who led a government delegation to commiserate with the families of the victims, warned that the government would no longer tolerate the yearly reoccurrence of such tragedies.The Chairman however announced plans to set up a committee to enforce strict compliance with life jacket usage and ban night travel on local boats in the area.In addition, the Emir of Kaiama, His Royal Highness Muazu Umar, pledged to intensify public enlightenment campaigns to ensure passengers and boat operators adhere to water travel safety standards.Seven die in Niger Truck AccidentAn early morning Sunday truck accident at Essa, along the Agaie- Badeggi federal highway in Katcha local government area of Niger State has claimed seven lives.Confirming the accident, Niger State Emergency Management agency said the articulated vehicle was heading to the northern state of Kano from Lagos.The truck was carrying federal government grains and some passengers numbering 36, all male and was heading to Kano from Lagos.The accident occurred at about 3:00AM on Sunday, and was attributed to failed portions of the road that were yet to be reconstructed on Lambata -Bida axis.As of the time of filing this report, 7 people were confirmed dead, 11 people with a severe degree of injuries, while 5 people sustained minor injuries. Some of the injured were taken to Badeggi and Agaie health centres, and others were taken away by their fellow colleagues.Most of the dead passengers were also taken away by their relatives.Search and rescue operations were carried out by Nsema alongside commuters and some villagers near the scene of the incident.The DG NSEMA, Abdullahi Baba Arah, caution road users to be conscious of the rainy season as they traverse the country, especially articulated truck drivers.