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The Federal Capital Territory Administration (FCTA) loses N200 billion Internally Generated Revenue (IGR) yearly to corruption, tax evasion and unethical conduct by tax agents and advisors.

The situation has become a cog in the wheel of its bid to hit the N400 billion yearly IGR target from the present N200 billion.

According to FCTA sources, Abuja’s dream of catching up with Lagos State, which leads with its N600 billion yearly IGR, is being thwarted by estimated 90 per cent of the residents that evade tax.

Source: Guardian