The chairman of FCT IRS, Ari Isa Mohammed, hinted this in Abuja during the 2015 Mandatory Continuing Professional Development Seminar organised by FCT Chapter of Nigerian Institution of Estate Surveyors and Valuers (NIESV) with the approval of Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON).
Speaking on the theme:“Alternative Revenue Generation for National Development: Relevance of the Estate Surveyors and Valuers,” he stated that government must be transparent and publish detailed information on tax collection and application of the revenue generated on a regular basis as a mark of accountability and fiscal responsibility.
Mohammed revealed that the board was confident on increasing the FCT revenue not through increasing tax rates but by strengthening the tax administration, which he believed would be achieved through three enablers such as people, process and technology (PPT).
According to him, “There is already a Memorandum of Understanding (MoU) between the area councils and the FCTA on ways to harness other untapped areas of taxation while eliminating the hitherto cumbersome and bureaucratic complex tax system.”
On his part, the chairman of FCT NIESV,Emmanuel Alao, admitted that Nigeria’s over dependence on oil have relegated other sources of internally generated revenue to the background thereby obstructing national development.
He noted that the current practise where Federal Inland Revenue Services (FIRS) collect taxes on behalf of the government was marred with several challenges even as he described the establishment of FCT IRS as a welcome idea.
Credit: Leadership
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