Written by Sarah NEGEDU

FIRS tops highest contributor to federation account - RMAFC

More than half of the total revenue contributed into the federation account in the last three months were said to have been from taxes generated by the Federal Inland Revenue Service.

The Revenue Mobilisation, Allocation and Fiscal Commission, disclosed that the FIRS contributed 59.7 percent to the into the government account within the period, making it the major contributor to the Federation Account.

The chairman of the RMAFC, Elias Mbam, stated this when he led a team of RMAFC commissioners and other management members of the commission on a visit to the FIRS headquarters in Abuja.

“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,” Mbam said.

He also noted that the RMAFC and FIRS would continue to collaborate, adding that, “You will recall, Mr. Chairman, that sometime in June you were present when the members of the RMAFC were sworn in; they have all assumed duty. And in order to understand the terrain, they need 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.”

Responding, the Executive Chairman of FIRS, Tunde Fowler, noted that FIRS would continue to do its best to generate revenue to fund the three tiers of government.

Fowler said, “We are deploying technologies to make it easy for tax payers to pay their taxes conveniently, even from the comfort of their homes or offices, download tax receipts and do other transactions with FIRS without visiting the tax office.

“We know the need for increased revenue to the government and we will continue to do our best to fund the three tiers of government.”


Latest posts

PhotoUnpacked: Samsung unveils Galaxy S20



Samsung  Electronics has unveiled its Galaxy S20 Smartphones as its latest mobile innovations to open the [...]

18 February 2020

PhotoUnease as Supreme Court reviews Ihedioha’s guber appeal

Barring any last minute change, Nigeria’s Supreme Court will on Tuesday hear the appeal of Mr. Emeka Ihedioha, to reverse its judgment of Jan [...]

16 February 2020