The Federal Inland Revenue Service (FIRS) has generated N5 trillion as at the second week of December 2018, its Executive Chairman Tunde Fowler has disclosed.

By the end of 2018, the agency said it should have made not less than N5.3 trillion.



Speaking at the induction of new members of the Joint Tax Board (JTB) on Wednesday in Abuja, Fowler said: “This year, the FIRS, with the support of the Presidency, Ministry of Finance, the JTB and other stakeholders, has been able to generate up to N5 trillion.

“We believe that we should be able to close at least at N5.3 trillion which should be the highest in the history of FIRS.

“And we believe that with that additional revenue, the state and federal governments would be able to provide more services and more development to the people of Nigeria”.

Fowler urged the new inductees of JTB to equip themselves with new ideas and embrace the Information and Communication Technology (ICT) to be able to face the reality of revenue collection in the ever-changing society.

This new development, he said, “indicates that we should be able to develop the ability to accept and embrace positive change, maybe due to the fact that change is inevitable but more significantly that oftentimes, change presents us with the rare breaks that we can exploit to advance individual and collective goals and objectives.”

The FIRS boss also stated that as the global society continues to transform in structure and process, especially with new technologies and ways of doing things, the role that has been presented before tax administrators in an emerging economy such as Nigeria are quite enormous.

Developments in global politics and economics, he noted, “indicate a trend towards increased de-emphasis on proceeds from oil and other commodity exports.

“Huge investments are being made everyday by more advanced economies towards seeking alternative energy sources; and sooner rather than later, oil as a mainstay of the nation’s economy will indeed no longer be sustainable, it is just a matter of time.”



http://thenationonlineng.net/950005-2/

It Shall Never Be Well With Anybody Trying To Bring Us Back To The Years Of Arbitrary Looting Of Our Common Patrimony..

And yet the federal government keeps borrowing like their lives depend on it. The federal government has borrowed too much and is plunging the future of generations yet unborn in jeopardy.

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DrGoodman:
And yet the federal government keeps borrowing like their lives depend on it. The federal government has borrowed over 20 trillion naira and is plunging the future of generations yet unborn in jeopardy.

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This one is in Civia Pain..

Who told you the whole money is for the Federal Government?

CilicMarin:
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This one is in Civia Pain..

Who told you the whole money is for the Federal Government?

Do you know h ow many billions the federal government has borrowed so far? Debtor country.

Slowly but surely, Nigeria will get there with less reliance or dependence on oil as an only source of revenue.

You can imagine how much is being declared even after what they must have slaughtered and shared amongst themselves.

The revenue from FIRS and Customs alone is enough to set Nigeria on the sights of giving the UAE a good run for their money.

I wished we the youths could just rise up to the occasion to take over from these analogue age and leverage on whatever gains has been made to secure and fashion out our collective future going forward instead of coming on here to saibaba and atikulate with insults on people with opposing views.

I believe we'll get there...

Buhari and his government is really building good and strong economic foundation.. every developed countries of the world leverage on strong tax system. So that the annual budget will not have to depend on the volatile commodity prices.

Fowler simply replicated what he did in Lagos at the federal level.

Athiefchukwu can only win election in Biafra Land.

Not in Nigeria

Good one but it ends up in many director's private pocket. If you know, you know

So? Cilicmarin the tennis player

ok

And Nigeria's future is almost mortgaged as a result of excess borrowing..almost N26 trillion and counting.

DrGoodman:


Do you know h ow many billions the federal government has borrowed so far? Debtor country.

Every country in the world is a debtor country.

In fact the more developed you get the more you borrow which is why countries like China and America are the highest debtors with debts running into trillions of dollars.

The major thing is to ensure you borrow for the right reasons like infrastructure which is what this government has been doing unlike the previous government who borrowed for liabilities like salary payment

CilicMarin:
It Shall Never Be Well With Anybody Trying To Bring Us Back To The Years Of Arbitrary Looting Of Our Common Patrimony..

If you are a rich man and your kids are suffering, of what use is the money? They monies they will loot very soon.

And yet we borrow so much... The British left us too Early....

I don't believe it.
And this INCOMPETENT MAN keeps BORROWING

I trust Pdp. They would have looted all the money and then declare that they didn’t make any money

What’s the point when an average Nigerian did not feel the impact of 1kobo?

..


Chai ! Naija get money for we Business pipu woooo

Yet the country is stiĺl broke.
You can empty the entire coffers of Switzerland and transfer all mineral resources to this dump. It still wont be enough

revenue generation without visible impact

Jonathan:
I trust Pdp. They would have looted all the money and then declare that they didn’t make any money

making the revenue made known to the public doesn't prevent it from being looted... savii??

Jaqenhghar:
Yet the country is stiĺl broke

That's where INCOMPETENCY comes in

Now I see why u have to go to school that have 2 years old kids in class with armed men...

Unprofessional f.cks

OkaNaUbe:
So? Cilicmarin the tennis player

Yeah I love Tennis..

EVILFOREST:
I don't believe it.
And this INCOMPETENT MAN keeps BORROWING

You say he is imcopetent yet his policies have ensured maximum income from relevant agencies as leakages otherwise known as stealing has been blocked.

Jamb has remitted billions in just 3 years under PMB while under PDP it only generated 60million naira.

FIRS is doing same

Customs are doing same.

Revenues which were unheard of in the days of PDP.

I think the incompetent ones were the past PDP governments who were focused on looting rather than accountability.