- The official reason why the tenure of former FIRS boss, Babatunde Fowler, was not extended has emerged
- Presidential spokesperson, Garba Shehu, said that Fowler was unable to meet target during his leadership of FIRS
- Shehu also said that the former FIRS chairman did not generate enough revenue for the country
The presidency has finally revealed why it turned down the request of Babatunde Fowler, the former chairman of the Federal Inland Revenue Service (FIRS) to extend his tenure.
Speaking on Saturday, December 21, presidential spokesperson, Garba Shehu, said that Fowler was unable to meet the set target and generate enough revenue for Nigeria while his tenure lasted.
Shehu also said that there was actually nothing scandalous about the federal government's move to borrow money with which to fund public infrastructure, This Day reports.
He said: “It is not a scandal to borrow, the bad thing about borrowing is when you deployed it to your pocket.
"This has happened in the past in this country, President Buhari is borrowing to do railway, to do east-west expressway, to do second Niger bridge, to do Mambilla power, to do Abuja-Kano expressway, to Ajaokuta-Abuja gas pipeline."
Meanwhile, Legit.ng reported that Fowler said his reappointment would have helped in the consolidation of previous achievements in the tax sector. But his moves for reappointment weren’t successful as he was replaced by Muhammad Nami.
The announcement of Nami’s nomination was contained in a statement by Shehu.
A copy of the letter written by Fowler to the SGF was dated December 9 and titled: Re: Notification of expiration of tenure as executive chairman, Federal Inland Revenue Service.
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