FIRS to states: Improve your revenue base

The Federal Inland Revenue Service (FIRS) on Monday advised state governments to look inwards on how to improve their revenue base.

FIRS Chairman, Mohammed Nami, said would help them to augment the shortfall of allocations from the Federation Account.

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Nami gave the advice in Abuja yesterday at the first Technology and Tax Event seminar organised by the NGF in partnership with the World Bank and the International Centre for Tax and Development (ICTD).

Earlier, Director-General, Nigeria Governors’ Forum, Asishana Okauru, said states had lost about 40 percent of their revenue to the COVID-19 pandemic.

He said weak environment for tax policy and tax legitimacy as well as low technological integration in tax administration undermined efforts to mobilise domestic revenues and the capacity of tax authorities to collect taxes efficiently.