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FIRS boss assures on meeting N4.9tr revenue target

Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has assured that 80 per cent of the N4.9 trillion revenue target will…

Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has assured that 80 per cent of the N4.9 trillion revenue target will be met by end of the year.
Mr. Fowler stated this in Kano yesterday at the 134th Joint Tax Board meeting held in the state.
He pointed out that 80 per cent of the targeted revenue would be achieved before end of this year, saying the service was bringing more tax payers on board to achieve the desired objectives.
He said the FIRS was working closely with states revenue boards and security agencies such as the police, customs, immigration service and Federal Road Safety Commission for revenue generation.
Fowler explained that the fall of oil price was responsible for the decline of the nation’s revenue, saying once the oil price drops the nation’s revenue would also fall automatically.
He said: “FIRS is determined to improve on the non-oil revenue. We are bringing all tax payers on board. We are trying to simplify the process of tax payment. We have signed MoU with the 36 states’ boards of internal revenue on how to improve revenue generation.”
Earlier at the emir’s palace, the Emir of Kano, Malam Muhammadu Sanusi ll, had called on the federal government to address the issue of multiple taxations.
Sanusi also called on the Kano State government to pay more attention to tax collection, as according to him, tax collection is allowed in Islam.
 

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