The chairman of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Chief Elias Mbam has commended the efforts of the Federal Inland Revenue Service (FIRS) towards revenue generation, stating that the agency contributed 59.7 percent, representing more than half of revenues to Federation Account in the last three months.
Mbam spoke yesterday during a visit to FIRS headquarters by the Commission.
He said: “I want to observe with pleasure that in the last three months, the FIRS has been the major contributor to the federation account. The average contribution from the FIRS in the last three months is about 59.7 percent. In other words, more than half of the revenue shared to the three tiers of government comes from the FIRS. So, I thank you for that effort.’’
Mbam who led a team of RMAFC Commissioners and other Management members also noted that the Commission and FIRS would continue to collaborate.
“You would recall, Mr. Chairman that sometime in June, you were present when the members of the Revenue Mobilisation, Allocation and Fiscal Commission were sworn-in. They have all assumed duty. And in order to understand the terrain, the needed to familiarise themselves with major stakeholders of the Commission, the activities they do so as to aid them in their work. One of our major stakeholders is the FIRS.
“We are here to familiarise ourselves with your activities, to know areas of collaboration, your challenges, which we will also help to pass to the Federal Government. We also want to know where we can be of help. We are all working for the same government and our work is collaborative”, he added.
The executive chairman of FIRS, Babatunde Fowler noted that FIRS would continue do its best to generate revenue to fund the three tiers of government.
“We have always told ourselves that the job we do is for the love of the country. We will continue to deliver quality services in tax administration in Nigeria.
“We are deploying technologies to make it easy for taxpayers to pay their taxes conveniently, even from the comfort of their homes or offices, download tax receipts and do other transaction with FIRS without visiting the tax office.
“We know the need for increased revenues to the government and we will continue do our best to fund the three tiers of government”, Fowler said.
Boat Mishaps: NIWA Threatens To Withdraw Licenses Of Indicted Boat Operators
1 Killed, 4 Injured In Lagos Gas Explosion
Oyo Completes 788 Projects In 158 Rural Communities
CHI Staff Named Among Top 5 Women Fighting To End Polio
NCC Explains Reasons For Revising Complaints’ Categories, Service Level Agreements
Ukrainian Police Arrest Man With Explosives At Kyiv Bank
29 Feared Dead After ISIS Attacks Afghanistan Jail
NEWS9 hours ago
N523m Spent On School Feeding Programme During Lockdown – Farouq
BUSINESS16 hours ago
ShopRite Moves To Discontinue Operations In Nigeria
NEWS20 hours ago
Oyo Hails Teachers Over School Reopening , Provides Details On Calendar
EDITORIAL24 hours ago
The Non-interest Financial System
NEWS14 hours ago
Court Sentences Man To 1 Year Imprisonment For Stealing Water Tank
NEWS21 hours ago
Obaseki To Roll Out Edo North Campaign Today
NEWS21 hours ago
Fayemi Constitutes 13-Man Committee For Pa Fasanmi’s Burial
AFRICA12 hours ago
3 Killed, 4 Injured In Suicide Bombing