NEWS AGENCY OF NIGERIA

FCT-IRS collects N252.83bn IGR in 2024

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By Philip Yatai

The Federal Capital Territory Internal Revenue Service (FCT-IRS), has collected a total of N252.83 billion Internally Generated Revenue (IGR) in 2024.

The acting Executive Chairman of the service, Mr Michael Ango, made this known at the 2024 end of year media parley, in Abuja on Thursday.

Ango said that the amount, collected between January and Dec. 18, represents 101 per cent of the N250.2 billion target for the year.

He added that the figure also represents a 19.8 per cent increase on the N211.1 billion collected in 2023.

He attributed the successes to the dedication of members of staff and management staffers of the service, FCT Secretariat, Departments and Agencies, FCT area councils and other government agencies.

He also commended the support of the Senate and House Committees on FCT

The FCT-IRS boss said that since his appointment in August 2023, he had taken certain steps to improve the ability of the service to discharge its mandate.

According to him, one of the changes is the review and expansion of the organisation’s structure, with the creation of new departments.

He identified the department as Audit, Debt Management and Enforcement, as well as the expansion of the Tax Operations Department by taxpayer type.

This, he said,  led to the creation of two new directorates, one of which focused on government’s Ministries, Departments and Agencies, corporate entities and international organisations.

Ango added that the other directorate focused on individuals and enterprises and partnerships.

“We also created a separate Learning and Development Department, which focuses on capacity building and training of our employees and other stakeholders.

“We created a High Net-worth Individuals Unit, focused on taxation of HNIs in Abuja.

“FCT-IRS has further strengthened its collaboration with the Nigerian Financial Intelligence Unit to get active intelligence on HNIs in Abuja with a view to improving tax compliance and collection,” he said.

“In terms of external collaboration, we have also strengthened collaboration with the Federal Inland Revenue Service, Joint Tax Board and the FCT Judiciary, amongst others.

“This is to enhance our ability to collect revenue for the FCT,” he said. (NAN)

Edited by Rotimi Ijikanmi

Mining cadastre’s revenue hits N8.1bn in October

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DG of Nigeria Mining Cadastral Office, Obadiah Nkom

By Nana Musa

The Director-General (D-G) of Nigeria Mining Cadastral Office (MCO), Obadiah Nkom, says the office has generated N8.1 billion revenue since January.

Nkom disclosed this while welcoming the Senate Committee on Solid Minerals led by its Chairman, Sen. Sampson Ekong, on an oversight visit to the NMCO headquarters on Monday in Abuja.

He described the revenue as a record-breakimg achievement, marking a substantial rise in earnings for the agency.

He said that the surge reflected the country’s strengthened commitment to diversifying its economy through the solid minerals sector and improving its mining sector’s regulatory framework.

The D-G attributed the increase in revenue to enhanced transparency, enforcement measures, and digitalisation that streamlined the licensing and revenue collection processes.

He said that the ongoing initiatives to enhance transparency, reduce processing times, and ensure equitable mining rights distribution, also contributed to the agency’s record earnings.

“Revenue generated by the office from inception to date is N36.048 billion.100 per cent of revenue generated is remitted to the Federal Government Treasury Single Account (TSA).

“Revenue generated from 2019 – October, 2024, N26.230 represents 75 per cent of revenue generated. Revenue generated from 2023 to October 2024 is N13.194 bIllion.

“This represents an increase of 63 per cent over N8.094 billion generated in the corresponding period from, 2021 to Sept. 2022,” Nkom said.

He briefed the committee on the Cadastre’s role in overseeing the issuance of mining licenses and permits, as well as its efforts to streamline operations within the industry.

He listed some of the challengesacn the cadastre to include inadequate funding and in adequate office space.

“This premises is housed by a part of the World Bank. We are renting the building, and we have been having many issues of paying the rent. These are the only two places that we have.

“The other one, of course, is rented and even this place is very congested by the time we now go around. The challenges are just numerous,” he said.

He said that the MCO worked with all the law enforcement agencies to ensure that cadastre was secure.

He, however, said that there were quite a number of litigations going on.

“ I want to inform this distinguished committee that we have had litigations since the inception of the mining cadastral, and we have had almost 100 per cent successes in our litigations,” he said.

Earlier, Ekong said that the visit was aimed at enhancing transparency and accountability in the country mining sector.

He said that the visit was essentially to ensure that the NMCO fulfilled its obligations in alignment with federal guidelines, enhancing the mining sector’s contribution to Nigeria’s economy.

“Insights from this visit have been valuable, and we will examine the reform processes. Strengthening the sector will require effective collaboration and reform.

“We have taken note of the issues raised, and our focus is to add value and transparency to this sector,” the senator said.

He said that the committee would review the documentation provided by the NMCO and pledged continued support for the Cadastre.

He stressed the importance of synergy between regulatory bodies to fully maximise Nigeria’s mining potential.

The News Agency of Nigeria (NAN), reports that the senate committee’s oversight visit was aimed at evaluating the cadastre’s adherence to regulatory standards.

It was also aimed at reviewing its operational efficiency, and identifying potential areas for improved resource management. (NAN) (www.nannews.ng)

Edited by Kadiri Abdulrahman

N20 bn annual IGR excites Gov. Sule of Nasarawa

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By Lucy Ogalue

The Governor of Nasarawa, Abdullahi Sule, says the state is one of the richest states in the federation if its potential are effectively harnessed.

Sule told newsmen in Lafiya that the state’s annual Internally Generated Revenue (IGR) has recorded significant increase from N7.7 billion in 2019 to more than N20 billion currently.

” We are also generating between N1.3 billion and N1.7 billion monthly,” he said.

He said that Nasarawa was blessed with hydrocarbons, solid minerals, precious metals, which are yet to be fully tapped; and a huge comparative advantage in agriculture.

He said that there was a marble site in Gudi, where a Chinese company produces tiles and other ceramic products.

“You will even be more excited if you had gone to the site of our lithium processing plant.

“There are also tin operations. These solid mineral factories are being duplicated across the state, and more companies are coming in to invest in the solid minerals sector right now.

“We pride ourselves on being the state housing the biggest lithium processing plant in the country.. These are the kinds of developments happening,” he said.

The governor said that his administration had also invested heavily in agriculture.

“Abdullahi Adamu, our first executive governor, has a farm of about 3,000 hectares.

“We have our own 10,000 hectares belonging to the state government. We have already started harvesting rice.

” We have not even signed any MoU with any buyer; instead, we are focused on harvesting the rice. We are keeping it in the warehouse, forming a pyramid of rice,” he said.

He said that the Nasarawa State Vocational and Technology Center in Lafia was one of the developmental initiatives of the state.

According to him, the idea informed by the need to produce needed artisans for Nigeria’s industrial development.

“When Dangote decided to construct the refinery at Epe, Lagos, the whole program started with the silos, the distillation unit, and some of the most sophisticated and expensive equipment.

“The manufacturers insisted that they needed skilled and certified technicians.
We needed to go to India because we couldn not find enough in Nigeria.

“Dangote imported 4,000 technicians from India. They were the only ones qualified and deployed because nobody would have that kind of installation unit and allow an unqualified mechanic to work on it.

“This is why I said that if I become the governor of Nasarawa, we will produce skilled technicians who will be ready for employment when another Dangote is looking for 4,000 skilled artisans.

“At least we can say we in Nasarawa have 500 technicians; go and find the other 3,500 elsewhere. This is my motivation and my dream,” he said.

Sule said that the state was committed to uplifting the standard of women and other vulnerable groups.

According to him , the government recently inaugurated a gender document, the first in the country.

He said that It was all about women, and is part of the Human Capital Development Agency, chaired by the Deputy Governor.

“All these initiatives are geared towards helping women.

“Nasarawa is a pacesetter when it comes to women taking the lead in leadership and careers.

” For the first time, a woman is the Chief Justice of Nasarawa, and for the first time, we have a woman as Vice Chancellor of the state university.

“This is part of my administration’s vision to empower women, and the reason is that I have had some very important women who played key roles in my life, and I have seen their impact,” he said.

The governor expressed commitment to providing quality infrastructure in the rural areas.

According to him, the wealth of Nasarawa is in the villages.

“The farming areas and the minerals we are discussing are located in the villages.

“The activities that will truly bring wealth to Nasarawa are in the villages. One of the things we must do is empower the villages to foster a sense of belonging.

” Our administration is committed to inclusivity. We do not want anyone to be left out.

“Youth, women, or the elderly; everyone is included. That is why we are providing training and skill acquisition for young people who have just graduated from school.

“We are also doing it for those who are retiring. We want the entire value chain to be incorporated,” he said.

He said that, though Nasarawa was among the states receiving the least allocation from the federal government, it remained one of the states with the greatest potential in human and capital resources.

“We have mineral resources, oil and gas. Oil drilling is taking place in Obi Local Government Area,

“Our state is one of only three states in the North where oil exploration is happening. For this reason, Nasarawa can not be poor,” he said.

He said that the state government was not borrowing money to execute any of its projects.

“Since I came in, we have not gone to the bank to borrow money. This is a mentality I brought from the private sector; we should not rely on borrowing.

“I decided to close all loopholes. There is a lot of money in Nasarawa, especially in internally generated revenue, but there are also many leakages.

“Our aim is to block these leakages, but we still have a long way to go in terms of revenue generation for the state,” he said.

Sule said that the government was also exploring other sources of revenue.

He said that proximity to the Federal Capital Territory (FCT) was also a major advantage for Nasarawa.

“You will see many projects motivated by our closeness to the FCT, especially in relation to housing.

“These projects are targeted at wealthy individuals living in the FCT, encouraging them to come to Nasarawa. That is one of our strategies,” he said.(NAN)

Edited by Kadiri Abdulrahman

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