Connect with us

Abuja Reports

Property Owners In Abuja To Start Paying Tax

Published

on

Idowu Patrick

Property owners in Abuja should get ready to start paying taxes on their properties as the Minister of the Federal Capital Territory, Nyesom Wike, has approved a draft property tax regulation for the city.

It was gathered that the FCT-Internal Revenue Service had commenced the implementation of Capital Gains Tax in Abuja, as stipulated in the Capital Gains Tax Act 2004.

The CGT imposes a tax of 10 percent on the total amount of chargeable gains (after making allowable deductions from the computation of such gains) accruing to any person on the disposal of chargeable assets in a year of assessment.

The Executive Chairman, FCT-IRS, Haruna Abdullahi, who disclosed this to journalists in Abuja on Sunday, also stated that the capital city’s revenue service had been able to grow its Internally Generated Revenue to about N140bn.

Commenting on measures being put in place by the service to drive revenue for the FCT, Abdullahi said the minister had approved some key initiatives to achieve this.

He said, “In the last three weeks, the minister has approved some initiatives that are huge and will certainly change the dynamics in terms of the bottom line. Just the other day, we submitted a draft proposal to the minister for the FCT property tax regulation.

“The FCT-IRS Act empowers the minister to come up with a property tax regulation for the FCT. So we had a long conversation and we suggested it to the minister, and he asked us to come up with a draft regulation, which we did, and he has approved the initiative.

So we have an inter-agency collaboration whereby we review it because the draft was just done by the FCT-IRS, but that’s not enough, you need other stakeholders. So he approved the initiative to go ahead and review the draft and then come back.

“Subsequently at the end of the day, he will sign the regulation and is gazetted and implemented. So that alone should tell you that there is a huge positive impact on the bottom line of the IGR in the city.”

He further pointed out that the minister also approved the full implementation of the Capital Gains Tax in Abuja, stressing that this would also increase the revenue targets of the FCT.

“Also, just recently we inaugurated another committee, we are now implementing the Capital Gains Tax law. Previously people just voluntarily go and pay, so there is very little payment in terms of capital gains tax.

“But now we have briefed the minister and he has approved the inter-agency collaboration and so we are now going to begin to implement the Capital Gains Tax fully.

“So you can imagine an FCT with a property tax, a fully implemented Capital Gains Tax, and then about a month ago there was a circular where the minister approved the implementation of Section 85 of the Personal Income Tax Act and Section 31 of the FCT IRS Act,” Abdullahi added..

The FCT-IRS boss noted that when he assumed office two years ago, “in my first meeting I told the staff that we cannot do much if we don’t implement Section 85, but it is a huge section that needs political support. And, of course, the minister came and he endorsed that.

He explained that the impact of this would be huge, adding that “what that means is that all of us must have a tax clearance certificate. You must file your returns, you must get a tax clearance certificate.

“You cannot get a building permit, for before the development control unit can give you the permit to go ahead, you need to show that you are paying your tax and you have a TCC and it must be verifiable by the appropriate tax authority.”

Abdullahi stated that these three major initiatives, the implementation of Section 85 of Personal Income Tax and 31 of FCT-IRS Act 2015, implementation of Capital Gains Tax and then now the Property Tax regulation, “should take us to certainly above 50 to 60 percent of what we are doing at the moment. And that is a huge positive impact on the bottom line.”

On whether the service was facing challenges in terms of collecting taxes in the city, Abdullahi stated that revenue issues were political issues because the agency required the political will of the minister to overcome a lot of challenges.

“This is why I mention the fact that the minister has given us the required political support and that has lessened the burden. Other ones are general operational issues and lack of information in terms of clarity of what happens and what is supposed to happen.

“We face significant challenges from many stakeholders when you consider the kind of letters we receive here. But we try as much as possible to deal with them.

“However, now that the minister has come to show that revenue issues are in the forefront for him, all stakeholders in the city now see that the political will is there and have seen the direction of the administration and will not joke with it,” he stated.

Abuja Reports

Atoyebi Adewumi Wins 4th National Essay Competition, Beats 2,000 Contestants

Published

on

By

By Samson Adeyanju

Atoyebi Adewumi has emerged winner of the fourth edition of the National Essay Competition, beating more than 2,000 contestants in an intellectual contest aimed at promoting academic excellence, critical thinking and creative writing among young Nigerians.

The competition, which focused on the relevance of taxation to national development, challenged participants to examine the role of tax revenue in financing public services, stimulating economic growth and strengthening the relationship between government and citizens.

The initiative provided a platform for young Nigerians to demonstrate their writing skills, articulate informed perspectives on national issues and contribute ideas towards building a more responsible and progressive society.

Speaking after being declared winner, an elated Adewumi expressed gratitude to the convener, Foluso Sylvanus Ojo, and the organising team for providing young Nigerians with an opportunity to showcase their intellectual abilities.

“I am so glad, very, very glad, to have this privilege of emerging as the winner. I am grateful to the convener and the entire team, as well as everyone who supported this vision,” Adewumi said.

In his remarks, Ojo expressed concern over the tendency to criticise the attitudes and lifestyles of younger generations without providing adequate opportunities to nurture their talents and channel their energies towards productive pursuits.

He called on the government, corporate organisations and nongovernmental organisations to invest more in educational initiatives that promote intellectual excellence, creativity and responsible citizenship.

According to him, sustained investment in academic competitions and youth development programmes would encourage discipline, innovation and a stronger commitment to national development.

Drawing a comparison with the substantial cash prizes awarded in some reality television competitions in Nigeria, Ojo argued that students and intellectually gifted young Nigerians deserved greater recognition, financial support and encouragement.

“I believe the government should support initiatives like this because individuals need supportive hands, especially from the government. When they receive such support, they become more confident and motivated to continue their good work,” he said.

Ojo maintained that society could not continue to complain about the attitudes and lifestyles of young people without deliberately investing in programmes that encourage positive values and productive engagement.

The fourth edition of the competition also underscored the importance of tax awareness among young Nigerians, highlighting how effective taxation, transparency and accountable governance could contribute to improved infrastructure, education, healthcare and other essential public services.

Beyond celebrating the winner, the competition reinforced the need to identify, encourage and empower emerging intellectual talents capable of contributing meaningfully to Nigeria’s development.

Winner of the 5,000,000 naira

Winner of 3,000,000 naira

Winner of 2,000,000

All the participants 

Continue Reading

Abuja Reports

20 Finalists Begin Final Stage of National Essay Competition

Published

on

By

By Samson Adeyanju

Twenty finalists from across Nigeria have begun the final stage of the fourth edition of the National Essay Competition in Abuja, following an orientation session designed to prepare them for the decisive examination.

The finalists arrived in the Federal Capital Territory for a four-day, all-expenses-paid programme featuring the essay examination, institutional tours and opportunities for learning and networking.

The competition, the brainchild of Mr Foluso Ojo, is sponsored by the Nigeria Revenue Service (NRS).

Ahead of the examination, the finalists participated in an orientation session led by Professor Omotosho Borisade of Ekiti State University, who serves as the competition’s umpire.

The session familiarised participants with the competition’s rules and regulations, examination guidelines and assessment criteria, helping them understand the requirements of the final stage.

The essay examination is scheduled to begin today at 9 a.m., after which the finalists are expected to embark on institutional tours around Abuja.

The programme is designed to extend beyond the contest itself, exposing the finalists to new learning opportunities, professional connections and experiences in the nation’s capital.

The competition brings together young Nigerians to demonstrate their writing ability, knowledge, creativity and critical-thinking skills as they compete for the top honours.

With the finalists prepared for the examination, attention now turns to their performance and the eventual emergence of the competition’s champion.

 

Continue Reading

Abuja Reports

Caritas Nigeria Urges Ecological Conversion, Climate Action

Published

on

By

By Samson Adeyanju

Caritas Nigeria has called on Nigerians to embrace what Pope Francis describes as “ecological conversion,” urging citizens, institutions and governments to move beyond environmental rhetoric and take concrete action against climate change and environmental degradation.

The call was made during the commemoration of World Environment Day 2026 at the Catholic Secretariat of Nigeria (CSN) Training Hall, Abuja, under the theme: “Inspired by Nature. For Climate. For Our Future.”

Delivering an address on behalf of the Catholic Secretariat of Nigeria, the Deputy Secretary, Rev. Fr. Augustine Okochi, described care for the environment as a moral, spiritual and ethical responsibility rooted in Christian faith.

“Our concern for the environment is not a passing trend. It is part of our moral duty, our Christian witness, and our responsibility to future generations,” he said.

Fr. Okochi noted that climate change is already affecting communities through flooding, land degradation, water pollution, rising temperatures and declining livelihoods, with the poor, women, children and displaced persons bearing the greatest burden.

He commended Caritas Nigeria’s efforts in environmental awareness, tree planting, climate-smart agriculture and support for vulnerable communities, while urging families, schools, parishes and institutions to cultivate a culture of environmental stewardship.

Speaking at the event, Caritas Nigeria’s Environmental Focus President, Dr. Pascal Onu, stressed the importance of educating young people on environmental protection through debate and quiz competitions.

“We believe it is important to catch them young. When we imbibe the right environmental culture in our children, it goes a long way in protecting the environment,” he said.

Dr. Onu identified inadequate infrastructure, poor waste management systems and limited funding as major obstacles to environmental sustainability despite increasing public awareness of climate issues.

Also speaking, Director of the Department of Climate Change at the Federal Ministry of Environment, Dr. Iniobong Abiola-Awe, reaffirmed Nigeria’s commitment to climate action through initiatives such as the National Adaptation Plan, Nationally Determined Contributions (NDCs), the Just Transition Action Plan and the National Clean Cooking Policy.

She emphasized the role of young people in advancing climate solutions through programmes such as the Eco-Schools Initiative and the Youth Climate Innovation Hub.

In a goodwill message, the Abuja Environmental Protection Board (AEPB), represented by Chief Environmental Health Officer Omenta Rachael Chinenye, urged Nigerians to draw inspiration from nature in addressing environmental challenges and commended the active participation of students in climate debates.

Students at the event said the programme deepened their understanding of environmental protection, forest conservation and sustainable living, pledging to promote environmental responsibility in their schools and communities.

The event brought together religious leaders, government officials, environmental experts, students and development partners who renewed their commitment to building a cleaner, greener and more climate-resilient Nigeria.

Continue Reading

Trending