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FCT-IRS Generates ₦126.54b Half Year Revenue

The Federal Capital Internal Revenue Service (FCT-IRS) has collected and remitted N126.54 billion from January to June 2024.

The acting Executive Chairman, Haruna Abdullahi, made this known during the FCT-IRS mid-year news conference in Abuja on Monday.

The executive chairman was represented at the event by the Director, Tax Operations, Chinwe Anohu-Ndu.

He said that the figure was 53.5 per cent higher than the N82.46 billion collected in the first half of 2023.

He added that the N126.54 billion was also 119.7 per cent higher than the N57.59 billion collected in the half year of 2022.

This, according to him, is an indication of a year-on-year growth.

“This stellar growth highlights our commitment and determination to overcome obstacles while striving to boost revenue generation.”

Abdullahi pointed out that the FCT-IRS achieved these impressive results within six months in spite of economic challenges. He attributed the successes to the service’s resolve to leverage technology and build one of the most functional e-service portals in the revenue sector.

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