The Federal Capital Territory (FCT) Minister, Nyesom Wike yesterday said debt owed by property owners with regard to Certificates of Occupancy (C of O) was over N300 billion.<\/p>\n
\nWike spoke at a media parley held at his official residence in Life Camp, Abuja.<\/p>\n
The minister also disclosed that his aggressive revenue drive had shot up the monthly earnings of FCT from about \u20a69bn when he assumed office in August 2023 to an average of \u20a625bn monthly.<\/p>\n
He said the nation\u2019s capital generated over \u20a640bn in December 2024.<\/p>\n
He attributed the growth in revenue to the collection of ground rents and payment of Certificates of Occupancy (C of O) by land allottees.<\/p>\n
The minister said the FCT paid salaries to the tune of N13bn every month.<\/p>\n
Wike said: \u201cWe don\u2019t get up to N13bn from VAT and the 1% from the Federal Government. So, we have to augment the IGR to be able to pay the salaries because of the new wages.<\/p>\n
\u201cAs of 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.<\/p>\n
\u201cIt is because of our aggressive revenue drive. In fact, last month, we were able to generate about 40 something billion naira. We embark on aggressive revenue drive to be able to carry out infrastructure.<\/p>\n
\u201cIt must be from taxes, and when taxes are not paid, how do we get development?\u201d he asked.<\/p>\n
\u201cIn 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 chest to say we are doing that, but it is not enough.\u201d<\/p>\n
<\/div>\n
<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The Federal Capital Territory (FCT) Minister, Nyesom Wike yesterday said debt owed by property owners with regard to Certificates of Occupancy (C of O) was over N300 billion. Wike spoke…<\/p>\n","protected":false},"author":1,"featured_media":116055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-116054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n
Certificates-of-Occupancy debt in FCT is over N300 billion \u2013 Wike - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Certificates-of-Occupancy debt in FCT is over N300 billion \u2013 Wike - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The Federal Capital Territory (FCT) Minister, Nyesom Wike yesterday said debt owed by property owners with regard to Certificates of Occupancy (C of O) was over N300 billion. Wike spoke…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-21T18:28:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2025\/01\/WhatsApp-Image-2024-12-12-at-4.46.45-PM-2048x1365-1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1066\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"Certificates-of-Occupancy debt in FCT is over N300 billion \u2013 Wike\",\"datePublished\":\"2025-01-21T18:28:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/\"},\"wordCount\":293,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2025\/01\/WhatsApp-Image-2024-12-12-at-4.46.45-PM-2048x1365-1.webp\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/\",\"name\":\"Certificates-of-Occupancy debt in FCT is over N300 billion \u2013 Wike - Pointblank News\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2025\/01\/WhatsApp-Image-2024-12-12-at-4.46.45-PM-2048x1365-1.webp\",\"datePublished\":\"2025-01-21T18:28:34+00:00\",\"author\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"breadcrumb\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#primaryimage\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2025\/01\/WhatsApp-Image-2024-12-12-at-4.46.45-PM-2048x1365-1.webp\",\"contentUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2025\/01\/WhatsApp-Image-2024-12-12-at-4.46.45-PM-2048x1365-1.webp\",\"width\":1600,\"height\":1066},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pointblanknews.com\/pbn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Certificates-of-Occupancy debt in FCT is over N300 billion \u2013 Wike\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/\",\"name\":\"Pointblank News\",\"description\":\"Just the news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\",\"name\":\"Our Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"caption\":\"Our Reporter\"},\"url\":\"https:\/\/pointblanknews.com\/pbn\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Certificates-of-Occupancy debt in FCT is over N300 billion \u2013 Wike - Pointblank News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/","og_locale":"en_US","og_type":"article","og_title":"Certificates-of-Occupancy debt in FCT is over N300 billion \u2013 Wike - Pointblank News","og_description":"The Federal Capital Territory (FCT) Minister, Nyesom Wike yesterday said debt owed by property owners with regard to Certificates of Occupancy (C of O) was over N300 billion. Wike spoke…","og_url":"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/","og_site_name":"Pointblank News","article_published_time":"2025-01-21T18:28:34+00:00","og_image":[{"width":1600,"height":1066,"url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2025\/01\/WhatsApp-Image-2024-12-12-at-4.46.45-PM-2048x1365-1.webp","type":"image\/webp"}],"author":"Our Reporter","twitter_misc":{"Written by":"Our Reporter","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#article","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/"},"author":{"name":"Our Reporter","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"headline":"Certificates-of-Occupancy debt in FCT is over N300 billion \u2013 Wike","datePublished":"2025-01-21T18:28:34+00:00","mainEntityOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/"},"wordCount":293,"commentCount":0,"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2025\/01\/WhatsApp-Image-2024-12-12-at-4.46.45-PM-2048x1365-1.webp","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/","url":"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/","name":"Certificates-of-Occupancy debt in FCT is over N300 billion \u2013 Wike - Pointblank News","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#primaryimage"},"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2025\/01\/WhatsApp-Image-2024-12-12-at-4.46.45-PM-2048x1365-1.webp","datePublished":"2025-01-21T18:28:34+00:00","author":{"@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"breadcrumb":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#primaryimage","url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2025\/01\/WhatsApp-Image-2024-12-12-at-4.46.45-PM-2048x1365-1.webp","contentUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2025\/01\/WhatsApp-Image-2024-12-12-at-4.46.45-PM-2048x1365-1.webp","width":1600,"height":1066},{"@type":"BreadcrumbList","@id":"https:\/\/pointblanknews.com\/pbn\/news\/certificates-of-occupancy-debt-in-fct-is-over-n300-billion-wike\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pointblanknews.com\/pbn\/"},{"@type":"ListItem","position":2,"name":"Certificates-of-Occupancy debt in FCT is over N300 billion \u2013 Wike"}]},{"@type":"WebSite","@id":"https:\/\/pointblanknews.com\/pbn\/#website","url":"https:\/\/pointblanknews.com\/pbn\/","name":"Pointblank News","description":"Just the news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c","name":"Our Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","caption":"Our Reporter"},"url":"https:\/\/pointblanknews.com\/pbn\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/116054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/comments?post=116054"}],"version-history":[{"count":0,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/116054\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media\/116055"}],"wp:attachment":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media?parent=116054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/categories?post=116054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/tags?post=116054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}