FCT Minister, Nyesom Wike has approved a draft property tax regulation for property owners in the capital city.
Executive Chairman, FCT-IRS, Haruna Abdullahi made this known in a chat with journalists in Abuja.
The development means that property owners in Abuja would start paying property taxes.
“In the last three weeks, the minister has approved some initiatives that are huge and will certainly change the dynamics in terms of the bottom line. Just the other day, we submitted a draft proposal to the minister for the FCT property tax regulation.
“The FCT-IRS Act empowers the minister to come up with a property tax regulation for the FCT. So we had a long conversation and we suggested it to the minister, and he asked us to come up with a draft regulation, which we did, and he has approved the initiative,” he said.
