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FIRS: Fowler replies Buhari’s query

The president of FIRS, Tunde Fowler, answered the presidency question. Noting that the actual tax collection since the beginning of the administration of President Muhammadu Buhari was less than the period 2012-2014 under former President Goodluck Jonathan, Fowler explained that FIRS under his administration was better concerning certain types of taxes. Tankers, such as VAT and CIT.

The Times cited it as tying the public since 2015 to the oil market crisis that saw commodity prices fall compared to Jonathan’s time and the recession “slowed economic activity.” Meanwhile, the president insisted that Fowler was not under investigation.

“The letter from the Chief of Staff to the President, Abba Kiyari, on which the alleged rumors are based, only raises concerns about the recent negative scope of tax revenue collection,” presidential spokesman Garba Shehu said in a statement.

“Taking Monday’s presentation to Vice President Yemi Osinbajo in the presidential complex of appointed ministers, federal permanent secretaries and senior government officials, who addressed the” General description of policies and programs and the Project Audit Committee, “the presiding body, the projected government revenue is behind recurring expenses up to regardless of capital expenditures.

“Therefore, the country seems to be entering a financial crisis if urgent measures are not taken to stop negative trends in setting targets and achieving the goal in tax revenue.

“Anyone familiar with the deliberations of the Federal Executive Council has noted that income constraint problems are Nigeria’s main concern today and, therefore, often occupy a central place in panel discussions.

“It is commendable and commendable that under this administration, the number of taxable adults has increased from 10 million to 20 million as concerted efforts continue to contribute greatly to the tax network.”