Indiscriminate tax waivers affected FIRS revenue target — FIRS boss


By Emma Ujah, Abuja Bureau Chief

Muhammad Mamman Nami1
Executive Chairman Federal Inland Revenue Service (FIRS), Muhammad Nami

The Executive Chairman Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, has blamed non-discretionary tax waivers, illicit financial outflows and high overhead costs for the organisation’s failure to meet its tax revenue targets in recent times.

Nami , stated this    yesterday in Abuja at a Senate interactive session with revenue generating agencies, aimed to improve the internally generated revenue (IGR) of the Federal Government through non-oil revenue sources.

READ ALSO: Drug addict kills father, mother in Lagos

A statement by Director, Communications and Liaison Department, FIRS, Abdullahi Ahmad, quoted Nami as saying, “Nigeria loses a lot of revenue through tax waivers granted to big companies which otherwise would have been taxed to buoy up government revenue. Also, illicit financial flow is a major cause of revenue loss to Nigeria.

“Coupled with this is…

Source: Vanguard Newspaper