•FG raises the alarm over looming fiscal crisis
Omololu Ogunmade in Abuja and Ejiofor Alike in Lagos
Federal Inland Revenue Service (FIRS) Executive Chairman, Mr. Babatunde Fowler, yesterday replied the presidential query, giving detailed explanations on the reasons for the variances between the budgeted revenue collections and the actual collections from 2015 to 2018.
The Chief of Staff to the President, Mr. Abba Kyari, in a query dated August 8, 2019, had given Fowler till yesterday to explain why revenue collection fell below expectations during the period under consideration.
The FIRS boss was directed to submit a comprehensive variance analysis, explaining the reasons for the variances in revenue collections during the period under review.
However, apparently embarrassed by the media report on the query, the federal government yesterday allayed fears…
Source: Thisday Newspaper
