The Chairman of the Federal
Inland Revenue Service, Babatunde Fowler, is not under any investigation, the
Nigerian presidency said ‘categorically’ today, denying the imputations spurred
by a query issued by Chief of Staff, Abba Kyari.
Some reports claimed that the
query meant that Fowler’s tenure would not be renewed. His first term expired
on Saturday.
“The letter from the Chief of
Staff to the President, Abba Kyari, on which the purported rumour of an
investigation is based, merely raises concerns over the negative run of the tax
revenue collection in recent times”, Garba Shehu, SSA Media to President Buhari
said.
“Taking a cue from today’s
(Monday) presentation of Vice President Yemi Osinbajo at the Presidential
Retreat for Ministers-Designate, Federal Permanent Secretaries and Top
Government Functionaries , which dwelt on an ‘Overview of the Policies ,
Programmes and Project Audit Committee,’ a body he chaired, projected revenue
of government falls behind recurrent expenditure even without having factored
in capital expenditure.
“Consequently, it would appear
that the country might be heading for a fiscal crisis if urgent steps are not
taken to halt the negative trends in target setting and target realisation in
tax revenue.
“Anyone conversant with Federal
Executive Council deliberations would have observed that issues bordering on
revenue form the number one concern of what Nigeria faces today, and therefore,
often take a prime place in discussions of the body.
“It is noteworthy and highly
commendable that under this administration, the number of taxable adults has
increased from 10 million to 20 million with concerted efforts still on-going
to bring a lot more into the tax net”.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com