FG To Examine Revenue Losses To FCT

The Federal Government has agreed to look into claims of surrounding states losing revenues to the Federal Capital Territory (FCT), Abuja. Minister of Finance, Mrs Kemi Adeosun made the offer on Monday when she received the Niger State Governor, Alhaji Mohammed Bello in her office in Abuja.

Adeosun lamented that losing N1 billion monthly to the FCT was a significant loss to the state governments, and assured that it was “genuine and regrettable mistakes that the Federal Government will try to rectify.” Mrs Adeosun promised to refer the governor’s claims of a billion loss monthly to the Accountant General of the Federation (ÀGF) for reconciliation with the information provided by the state governments.

She said: “N1 billion a month is a lot of money, however, this is not unique to Niger State and FCT, other states are experiencing the same thing. Taxes are paid where people reside and not where they work.”

Photo Caption: Mrs Kemi Adeosun Minister of Finance