The Federal Capital Territory Administration (FCTA), said it is determined to recover outstanding ground rents of N29 billion owed to the administration by property owners in the territory.
To this end, it has set up a committee to coordinate the recovery of the funds.
Permanent Secretary, FCT, Mr Olusade Adesola, who inaugurated a 9-member Committee to recover the funds, said the rate of revenue generation has not met the realities on ground despite all efforts made by the FCTA.
He said the inauguration of the committee was part of efforts to improve revenue generation accruing into the coffers of the FCT Administration.
The committee will be chaired by Muhammed Umar, the FCT General Counsel and Secretary of Legal Services Secretariat,
The permanent secretary pointed out that to run a government, funding is key as well as delivering quality services to the residents of the territory.
He said in a bid to boost revenue generation in compliance with the Federal Government’s directive, the FCTA had to migrate all revenue collections to Treasury Single Account (TSA), via REMITA Platform.
“Despite all these efforts, the rate of revenue generation has not met the realities on ground, hence the need to exploit other frontiers,” he added.
