The Federal Capital Territory Internal Revenue Service (FCT-IRS) says funding FCT budget with 100 per cent Internally Generated Revenue (IGR) source is possible with collaboration and synergy with other revenue-generating agencies in the territory.

The acting executive chairman of the service, Haruna Abdullahi, said this in a statement by the spokesperson for the FCT-IRS, Mustapha Sumaila, on Sunday in Abuja.

“We hope to see that FCTA will fund its budget 100 per cent from the IGR so that whatever comes from the federal government as allocation, will be a surplus for them,” he said.

Mr Abdullahi explained that the service has been championing the course of harmonising revenue from all revenue-generating agencies in the FCT with a view to blocking leakages, addressing multiple taxations, and growing the revenue base in the FCT.

According to him, the effort will make the FCT have the capacity to fund its budget solely through the IGR.

“From the management to the board and all other stakeholders, this is what we want and will be excited about this development, talking and finding solutions.

“We are passionate about harmonisation, I mean to harmonise the whole collection processes,” he explained.

He reassured the team of the service’s continued support, stating that FCT-IRS has been working tirelessly to raise and enhance the revenue base in the FCT.

(NAN)