FCTA Inaugurates Committee On Recovery Of N29bn Debt
In order to improve revenue generation accruing into the coffers of the Federal Capital Territory Administration (FCTA), the permanent secretary, Mr. Adesola Olusade, has inaugurated a coordinating committee on the Recovery of Outstanding Ground Rents of N29, 506,643,943.98 owed the administration by property owners in Abuja.
The permanent secretary, while inaugurating the committee at the FCT Minister of State Conference Room said, since the inception of the administration, improvement in revenue generation has been an issue of utmost importance.
He reiterated that funding is key in the running of government, provision of infrastructure as well as delivery of quality services to the residents of the territory.
Mr. Olusade added that funding of FCTA activities is being hampered due to paucity of funds, which is necessary for the running of a modern capital city such as Abuja.
He said: “The decision to embark on recovery of Ground Rents has therefore, become a matter of necessity. We are serious about this. All those owing should come forward to settle their debts.”
The permanent secretary recalled that the FCT Administration had earlier migrated all revenue collections to Treasury Single Account (TSA) via REMITA Platform, to boost revenue generation in compliance with the federal government’s directive.
He stated that , “despite all these efforts, the rate of revenue generation has not met the realities on ground, hence the need to exploit other frontiers.”
The 9-Member Coordinating Committee is headed by the FCT General Counsel / Secretary of Legal Services Secretariat, Muhammed B. Umar.
