FCT generates N200bn annually, aims to surpass Lagos- Minister

The Minister of the Federal Capital Territory Minister, Mohammed Bello, on Thursday in Abuja, said the FCT now generates over N200bn annually.

Bello disclosed this to State House Correspondents at the 40th session of the State House Ministerial Briefing organised by the Presidential Communications Team.

He said the FCT Administration currently generates N200bn annually through an aggressive revenue drive to surpass Lagos State, which is the highest revenue-generating state with N535bn generated in 2021 and a targeted N980.6bn in 2022.

The minister also noted that his administration has earmarked N1bn to renovate the National Mosque and National Ecumenical Center, to ensure they remain visitable sites in the FCT.

Details shortly…

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