The Federal Capital Territory Internal Revenue Service (FCT-IRS), has said it generated the sum of N98.6 billion between January and July 2023.
This represents a 49.85 per cent increase compared to N65.8 billion generated within the same period in 2022.
Acting Chairman of, the FCT-IRS, Haruna Abdullahi, disclosed this in a statement on Tuesday.
He said the amount realised showed an increase of N32.8 billion from N65.8 billion generated within the same period in 2022, praising staff of the service for generating a higher revenue than the previous year’s collection.
Abdullahi said it was an indication of effective strategies and practices, and for them to continue in their commitment to surpass the revenue target set for 2023.
In the light of the challenges the removal of subsidy on petrol has brought, the acting chairman said action would be taken within the provisions of the budget to improve staff wellbeing, reiterating that staff welfare was critical to meaningful contributions by the service.
He assured that the FCT-IRS remains devoted to its mission of efficient revenue collection and its achievements stand as a testament to the dedication and hard work of its staff.