Fowler speaks on plans for tax revenue

In from Ali Smart …
Mr. Babatunde Fowler, the Acting Executive Chairman, of the Federal Inland Revenue Service, has pledged to partner with relevant stakeholders to shore-up the tax revenue and improve on the country’s tax administration.
The FIRS boss gave this hint Tuesday at a ceremony where the outgoing Acting Executive Chairman, Mr. Sunday Odugbesan officially handed over to him at the Revenue House, in Abuja.
In a statement from the FIRS signed by Nneka Ifekwuna, Assistant Director, Communications & Servicom Department Fowler was quoted to have said that “the new change of leadership at FIRS is predicated on the resolve of the Presidency to ensure maximum increase in tax revenue as the era of absolute dependency on oil proceeds was over.”
Fowler also said that the FIRS must take the lead in tax revenue collection and must be ready to share information and ideas with the States Board of Internal Revenue (SBIR) in order to take tax administration in the country to another level.

Read also: Tunde Fowler – A much needed elixir

This, he said cannot be achieve all alone without a robust partnership and collaboration of all stakeholders within and outside the system stressing that they must build a synergy for a healthy exchange of information between FIRS and SBIR.
He said that the antidote to the economic mire was for the Service to raise revenue accruing from tax collection to “record highs” so that government programme would be well funded.
This synergy he added “will produce the best form of revenue generation in the FIRS and the states in general as well as ensuring that over dependency on oil revenue becomes a thing of the past.”
Speaking earlier, Mr. Sunday Ogungbesan solicited for more cooperation as the FIRS shared a similar vision with Fowler.
“The Chairman needs the support of all staff to succeed in the business of raising revenue and we must not lose sight to satisfy the government.’’

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