The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has dismissed Michael Ango, the Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service (FCT-IRS). This decision marks a significant shift within the administration’s revenue-generating institutions and was announced on October 13, 2023, through a statement from Lere Olayinka, the Senior Special Assistant to the Minister on Public Communication and Social Media.
According to the statement, the most senior official at the FCT-IRS has been instructed to take over leadership of the agency immediately. The transition aims to ensure that operations continue without interruption during this period of change. However, the statement did not specify the reasons behind Ango’s removal, leaving many questions unanswered.
Importance of FCT-IRS in Revenue Generation
The FCT-IRS plays a crucial role in coordinating and collecting revenue for the Federal Capital Territory. Its functions are essential for financing development projects and improving public services across the region. As the government seeks to enhance its revenue-generating capabilities, changes in leadership at this agency could signal a strategic shift in fiscal policy.
Further details regarding a permanent replacement for Ango are anticipated in the near future. Observers will be keen to see how this change affects operations within the FCT-IRS and whether it leads to a reassessment of revenue collection strategies. The administration’s focus on efficient revenue generation is vital for sustaining public service improvements and advancing infrastructure developments in the territory.
As these developments unfold, stakeholders within the territory and beyond will be closely monitoring the implications of this leadership shift on the overall fiscal landscape of the Federal Capital Territory.
