fbpx
Saturday, June 25, 2022
  • Home
  • LATEST
  • FOREIGN NEWS
  • POLITICS
  • SPORTS
  • ENTERTAINMENT
  • Simon Ekpa commends Ortom, gives more security advice
  • We’ll Bring In Foreign Mercenaries If FG Fails To End Terrorism – El-Rufai Blows Hot
ONIFTV
  • Home
  • LATEST
  • FOREIGN NEWS
  • POLITICS
  • SPORTS
  • ENTERTAINMENT
  • Simon Ekpa commends Ortom, gives more security advice
  • We’ll Bring In Foreign Mercenaries If FG Fails To End Terrorism – El-Rufai Blows Hot
No Result
View All Result
ONIFTV
  • Home
  • LATEST
  • FOREIGN NEWS
  • POLITICS
  • SPORTS
  • ENTERTAINMENT
  • Simon Ekpa commends Ortom, gives more security advice
  • We’ll Bring In Foreign Mercenaries If FG Fails To End Terrorism – El-Rufai Blows Hot
No Result
View All Result
ONIFTV
No Result
View All Result
Home LATEST

FIRS Generates ₦4.9trn, Unveils Call Centre To Address Taxpayers’ Complaints

Elixir by Elixir
December 7, 2021
in LATEST
0
FIRS Generates ₦4.9trn, Unveils Call Centre To Address Taxpayers’ Complaints
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

You might also like

Nigerian Newspapers: 10 things you need to know this Monday morning

Nigerians are suffering’ – Sheikh Gumi decries security and economic crisis

Soludo’s media manager dies days after govt appointment


The Federal Inland Revenue Service said it generated the
sum of N4.9trn between January and November from
taxes for the Federation.
Out of the N4.9trn collected since the beginning of the
year, 77 per cent representing N3.77trn was from non-oil
sources, while oil revenue is 23 per cent or N1.23trn
It also unveiled its contact centre for taxpayers to access
services of the agency by speaking with a call centre
agent in various Nigerian languages to resolve identified
challenges.
The Executive Chairman of FIRS, Mr. Muhammad Nami,
said this on Monday in Abuja at a National Symposium on
“Taxation and Challenges of External Shocks: Lessons and
Policy Options for Nigeria.”
The event was organised by the FIRS in conjunction with
the Usmanu Danfodiyo University, Sokoto.
Nami said the Service will henceforth go through the
Ministry of Finance, Budget and National Planning to
ensure that all government revenue is included in the
accounting for taxes generated.
The FIRS system, he stated, will now simultaneously
indicate the amounts invested by taxpayers in road
infrastructure which is consistent with executive order
007.
The FIRS boss said, “For the country to achieve
meaningful and sustainable growth in tax revenue, and
minimize our dependence on oil revenue, there is the need
for continuous reform of our operations and processes, of
our human capital development, the adoption of
technology, and the tax laws.
“These key areas have remained paramount to the current
Board and Management of the Service. And the
achievements we have recorded in improving and
sustaining the revenue growth since 2020 to date
irrespective of the challenges posed by the Covid-19 can
be attributed to these reform initiatives”.
He said the system would also show the tax waivers
granted pioneer companies, import and excise duties
waived through the operations of the Nigeria Customs and
all other revenues generated by Ministries Departments
and Agencies (MDAs) on behalf of the Federal, State and
Local governments in Nigeria.
According to him, the measures, when implemented, will
align Nigeria with global best practices in reporting public
finance and guarantee a more transparent and more
accurate picture of the country’s Tax-to-Gross Domestic
Product ratio.
The FIRS Boss said the move would also help ensure that
all government revenue is included in the fiscal accounts
and annual statistics of the FIRS.
Earlier in his remarks, a David Adejoh, who represented
the Secretary to the Government of the Federation, Boss
Mustapha, said that the time has come for Nigeria to
strongly harness all non-oil revenue sources, especially
now that the rampaging COVID-19 crisis has crashed the
demand for petroleum products.
“We need to seek other sources of revenue besides oil to
avoid a looming fiscal crisis that can decapitate the
economy.
“Tax Pro Max has really helped in revenue generation, but
our tax to GDP ratio is still low at six per cent; lower than
some African countries and efforts should be made to
improve it”, he added.
In her keynote address on Taxation and the Challenges of
External Shocks: Lessons and Policy Options for Nigeria, a
former Executive Chairman, FIRS, Mrs Ifueko Omogui
Okauru urged the FIRS to allow companies to carry out a
self-audit and remit the taxes they feel is appropriate,
while the agency works out ways to ascertain whether the
money was inadequate or not. He said this was better
than not collecting any revenue whenever there is a tax
dispute with evaders.
She said, “We need to deepen taxation in primary,
secondary and tertiary institutions. It makes it easier for
your work in advocacy and all that. We can’t grow in
isolation.”

Elixir

Elixir

Related Posts

Nigerian Newspapers: 10 things you need to know this Monday morning
LATEST

Nigerian Newspapers: 10 things you need to know this Monday morning

by Elixir
May 16, 2022
BREAKING: Bandits Kidnap Sheikh Gumi’s Elder Brother
LATEST

Nigerians are suffering’ – Sheikh Gumi decries security and economic crisis

by Elixir
May 4, 2022
Soludo’s media manager dies days after govt appointment
LATEST

Soludo’s media manager dies days after govt appointment

by Elixir
May 1, 2022
2023: Why Bola Tinubu is considering pulling out of presidential race – Bamgbose
LATEST

2023: Why Bola Tinubu is considering pulling out of presidential race – Bamgbose

by Elixir
April 25, 2022
Top 10 Tribes With the Cheapest Bride Price in Nigeria
LATEST

Top 10 Tribes With the Cheapest Bride Price in Nigeria

by Elixir
April 23, 2022

Recommended

In Bauchi, suspected ritualists kill an 11-year-old boy and extract his brain.

In Bauchi, suspected ritualists kill an 11-year-old boy and extract his brain.

November 22, 2021
Mali’s ex-Prime Minister Soumeylou Maiga dies in detention

Mali’s ex-Prime Minister Soumeylou Maiga dies in detention

March 23, 2022

Categories

  • ENTERTAINMENT
  • FOREIGN NEWS
  • HEALTH
  • LATEST
  • METRO
  • OPINION
  • POLITICS
  • SPORTS

Don't miss it

Senator Ekweremadu, wife arrested for bringing child to UK for alleged organ harvesting
METRO

Senator Ekweremadu, wife arrested for bringing child to UK for alleged organ harvesting

June 23, 2022
Russia: 38 Nigerian Mercenaries Killed In Ukraine, 12 Still Fighting
FOREIGN NEWS

Russia: 38 Nigerian Mercenaries Killed In Ukraine, 12 Still Fighting

June 21, 2022
2023: Nigerians Don’t Want PDP or APC, Everybody is OBIdient and They’re All Collecting PVCs – Gov Obaseki
POLITICS

2023: Nigerians Don’t Want PDP or APC, Everybody is OBIdient and They’re All Collecting PVCs – Gov Obaseki

June 21, 2022
Nigeria remains most viable, attractive investment destination in Africa – Buhari
POLITICS

2023 presidency: Buhari reveals preferred successor, says Emefiele victim of accusation

June 21, 2022
70% Of Nigerian Politicians Are Lunatics – Peter Obi
POLITICS

70% Of Nigerian Politicians Are Lunatics – Peter Obi

June 20, 2022
All Yoruba ancestors are with you – Oba of Lagos gives royal blessings to Tinubu
METRO

All Yoruba ancestors are with you – Oba of Lagos gives royal blessings to Tinubu

June 20, 2022
ONIFTV

© 2022 Oniftv

Navigate Site

  • Home
  • LATEST
  • FOREIGN NEWS
  • POLITICS
  • SPORTS
  • ENTERTAINMENT
  • Simon Ekpa commends Ortom, gives more security advice
  • We’ll Bring In Foreign Mercenaries If FG Fails To End Terrorism – El-Rufai Blows Hot

Follow Us

No Result
View All Result
  • Home
  • LATEST
  • FOREIGN NEWS
  • POLITICS
  • SPORTS
  • ENTERTAINMENT
  • Simon Ekpa commends Ortom, gives more security advice
  • We’ll Bring In Foreign Mercenaries If FG Fails To End Terrorism – El-Rufai Blows Hot

© 2022 Oniftv