Business & Economy
FCT Revenue Rises: Wike Attributes Success to Aggressive Revenue Drive

Federal Capital Territory Minister,Barr.Nyesom Wike has declared a significant boost in the nation’s capital revenue, to his aggressive revenue drive.
The Minister who disclosed this while fielding questions from selected newsmen in a media chat in Abuja, said, since assuming office in August 2023, the monthly earnings have skyrocketed from ₦9 billion to an average of ₦25 billion. In December 2024, the capital generated an impressive ₦40 billion.
Wike attributes this growth to the collection of ground rents and payment of Certificates of Occupancy by land allottees.
He emphasized that the FCT pays substantial salaries, totaling ₦13 billion every month, which cannot be covered by VAT and federal government allocations alone.
Therefore, augmenting from internally generated revenue is crucial to meet these expenses.
“We don’t get up to N13bn from VAT and the 1% from the Federal Government. So, we have to augment from the IGR to be able to pay the salaries because of the new wages,” he said.
“As at the time I came, we were generating about N9bn to N10bn. Today, by the grace of God, we are not generating less than N25bn a month.
“It is because of our aggressive revenue drive. In fact, last month, we were able to generate about 40 something billion naira. Aggressive revenue drive to be able to carry out infrastructure
“It must be from taxes and when taxes are not paid how do we get development?” he asked.
“In your conscience, can you say that the FCT is justifying the revenue or the taxes you are paying? Yes, it is correct. We can beat our taxes to say we are doing that but it is not enough,” he added.
The minister believes that the nation’s capital has the potential to generate up to ₦300 billion in monthly revenue if land allottees fulfill their obligations.
Wike stressed that taxes are essential for development, and the FCT is committed to justifying the revenue generated from taxes.
Business & Economy
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National Assembly
Business & Economy
Pastor Reuben Initiative extols founder’s philanthropic gesture

By Idibhar Agadaga, Baylesa
The Director General Pastor Reuben Initiative for Good Leadership and Accountability (PRIFGLA), Eseimokumo Frank Soko has commended Pastor Reuben Wilson’s selfless contributions to the development of Bayelsa State and the Niger Delta region.
Speaking on an enlighment program on Royal FM, 95.5, Eseimokumo Frank Soko, highlighted Wilson’s commitment to education, noting that he has sponsored over 200 students across various universities in the region.
According to Soko, Wilson’s philanthropic efforts extend beyond education, as he has also provided monthly stipends to members of the Initiative ànd numerous individuals in need.
He particularly extolled Wilson’s selfless and sacrificial lifestyle which have positively impacted the lives of many Bayelsans.
He emphasized that Wilson’s charitable works is not limited to any particular political party or affiliation as beneficiaries come from diverse backgrounds including PDP, APC and Labour Party members.
On his part, PRIFGLA’s National Secretary and Special Adviser on Student Matters and Scholarships, Ogbomo Erepamowei, shared Wilson’s inspiring personal story, which has driven his passion for helping others.
Ogbomo noted that despite facing challenges in his own educational journey, Wilson has demonstrated remarkable resilience and generosity, supporting students in various institutions across the Niger Delta.
He added that over 200 students are under scholarship sponsored by Pastor Reuben Wilson in various universities across the Niger Delta region.
In a final statement, Soko expressed gratitude to Wilson, describing him as a “sacrificial leader” who has positively impacted the lives of those working with him.
Business & Economy
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