FIRS: Fowler employed more staff, consultants yet revenue didn't improve - Nami

FIRS: Fowler employed more staff, consultants yet revenue didn't improve - Nami

- The present boss of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has said that the agency did not meet targets despite employing a lot of staff

- Nami said that this was even despite a rise in inflation and exchange rate

- The FIRS boss called on staff members of the body to take advantage of the work-friendly environment to achieve the best for it

The recently appointed executive chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has revealed some of the failings of his predecessor, Babatunde Fowler, while he was in office.

Nami said that Fowler employed a lot of tax consultants and staff for the agency and was yet unable to meet revenue targets, The Cable reports.

The new FIRS boss said that in spite of the rise in service workforce, the engagement of consultants, the increase in inflation and the exchange rate, the tax revenue collection did not improve.

He said: “Let me use this occasion to remind you that as a result of your uncommon commitment to duty, in 2012 especially, you were able to raise five trillion, seven billion naira (N5.007 trillion), even without the active participation of consultants, and with moderate inflation and exchange rate.

FIRS: Fowler employed more staff, consultants yet revenue didn't improve - Nami

The new FIRS boss said that in spite of the rise service workforce, the engagement of consultants, the increase in inflation and the exchange rate, the tax revenue collection did not improve.
Source: UGC

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“I, therefore, urge you all to take advantage of the current staff-friendly environment now in place to redouble your efforts to reverse the obvious downward trend and to ensure that the current target is not only achieved but doubled before the end of 2020.”

Meanwhile, Legit.ng reported that the presidency had finally revealed why it turned down the request of Fowler, the former chairman of the 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.

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Source: Legit.ng

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