Minister of the Federal Capital Territory (FCT), Barr. Nyesom Wike, has revealed that the Territory’s monthly Internally Generated Revenue (IGR) has surged from about ₦9 billion to over ₦40 billion since he assumed office, attributing the increase to sweeping revenue reforms and stricter financial discipline.
Speaking during his monthly media chat in Abuja on Thursday, Wike said the remarkable growth followed deliberate efforts by the Federal Capital Territory Administration (FCTA) to block revenue leakages and improve the collection of ground rents, Certificates of Occupancy (C-of-Os) and other statutory payments.
According to him, the improved revenue has provided the financial muscle to execute massive infrastructure projects across Abuja and the satellite towns.
“When we came on board, our IGR was a mere ₦9 billion a month, but as I speak to you today, we’ve been able to improve it to forty-something billion. So when people now say, ‘FCT is working,’ it’s working because somebody has made it work,” Wike said.
The minister stressed that the increase did not happen by accident but was the outcome of strategic reforms introduced to improve accountability and eliminate waste.
He explained that the stronger revenue base has enabled the FCT Administration to finance key road projects, bridges and other critical infrastructure without slowing the pace of development.
Wike maintained that prudent management of public resources remains central to his administration’s agenda, adding that the FCT’s experience demonstrates how effective leadership can translate into tangible development.
