FCTA pledges to harmonise regulations on taxation, improve ease of doing business | TheCable

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The federal capital territory administration (FCTA) says is it determined to harmonise overlapping regulations within the various secretariats, departments, and agencies (SDAs) that are militating against the ease of doing business in the Abuja.

spoke at the opening of a two-day retreat on the harmonisation of revenue and promotion of ease of doing business in the nation’s capital.

Speaking at the event, Bello, represented by Olusade Adesola, permanent secretary, FCTA, said Abuja, being the mirror of the country, must be a model in the ease of doing business agenda of the administration.“One of the biggest challenges we face is the need to harmonise revenue collection across the FCT,” Bello said.

“The FCT IRS was created to meet this challenge amongst others. However, despite its current efforts, we all must appreciate that there is a lot of room for improvement which I am sure this retreat will look into critically and recommend ways for advancement in this regard.“I have no doubt that we shall make significant progress in the collective revenue generation and business promotion drive.

“However, as with any growing and evolving city, there are challenges that we must address to ensure that the FCT remains competitive, efficient, and attractive to investors and entrepreneurs.“The FCTA has, over the last few years, embarked on some reform programmes to encourage the establishment and growth of small and medium enterprises in the nation’s capital.

 

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