Consumer Protection Commission projects N14.3billion revenue target for 2023

The Federal Competition and Consumer Protection Commission (FCCPC) has stated that N14.3 billion in revenue is its 2023 aim.Information Guide Nigeria

This information was provided by Mr. Babatunde Irukera, Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), on Monday in Abuja during a hearing on the House of Representatives Committee on Finance’s Medium Term Expenditure Framework/Fiscal Strategy Paper (MTEF/FSP) for 2023–2025.

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According to the FCCPC Chief, the commission has already sent N1.3 billion in 2021 and N1.26 billion in 2022.

Irukera noted that before April 2017, the FCCPC did not remit its revenue to the FG, however, since the end of 2017, N41 million was remitted and that N34 million was also remitted at the end of 2018.JAMB Result

“In the process of leaving the government treasury, as at today with the budget performing at 70 per cent, we have received N163 million in overhead, N296 million in capital and not a naira is waiting to be swept at the end of the year; that’s about N500 million.

“As at this year, we have given the government N1.2 billion and we will give more; our revenue target for 2023 is N14.3 billion, I feel relatively confident that we will be close or hit the target.

“We, however, need to find a balance, we are not a revenue generating agency, and we must not be portrayed or perceived as doing our work so revenue will come in.

“We will lose our credibility and it will affect the economy,’’ Irukera said.

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