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Nigeria

Nigeria Forum/News

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FCT-IRS generates ₦252bn tax revenue in 2024

punchng.com/fct-ir...

submitted over 1 year ago by uzong

submitted over 1 year ago by uzong

  • The Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service, Michael Ango, announced that the agency collected over ₦252bn in 2024, a 19% increase from the previous year and exceeding the revenue target.
  • He credited the success to the hard work of FCT-IRS staff, management, and support from various government bodies, and outlined plans to focus on uncollected revenue streams like Stamp Duties and Capital Gains Tax to fund infrastructure and administrative reforms in Abuja.
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