November 22, 2024
FIRS-Office

Tunde Fowler, the executive chairman, Federal Inland Revenue Service (FIRS), says the service has generated N5 trillion in 50 weeks of 2018.

He added that the agency is at the verge of making N5.3 trillion at the end of the year.

If the FIRS pools N5.3 trillion revenue, that will be the highest revenue ever generated by FIRS in history.

The current highest in FIRS history is N5.07 trillion generated in 2012.

Fowler’s generation of N5 trillion is significant as it was at a period when oil prices oscillated between $50 and $70 per barrel, considering that they were at an average of $100 to $120 per barrel between 2010 and 2013.

Speaking at the induction of new members of the Joint Tax Board (JTB) on Wednesday in Abuja, Fowler said FIRS has been able to record significant achievements following maximum support from the presidency, ministry of finance, the JTB and other taxation stakeholders.

 

“This year, the FIRS, with the support of the Presidency, Ministry of Finance, the JTB and other stakeholders, has been able to generate up to N5 trillion. We believe that we should be able to close at least at N5.3 trillion which should be the highest in the history of FIRS,” he said.

“And we believe that with that additional revenue, the state and federal governments would be able to provide more services and more development to the people of Nigeria.

“Fowler urged the new inductees to JTB to equip themselves with new ideas and embrace the Information and Communication Technology (ICT) to be able to face the reality of revenue collection in the ever-changing society.

“I see it as a privilege to be addressing this class of inductees today as history has chosen you at this critical point in time in our nations development to steer the ship of sustainable revenue generation.

“While preparing for this occasion, I came across an observation by the American inventor and author Ray Kurzweil where he noted that the rate of scientific and technological change is exponential rather than linear.

“This observation presupposes that the better part of applied wisdom requires that in our journey of life we are capable of identifying the most apt moment to know at what point to adapt to the ever-tumultuous sea that modern existence represents.

“It also indicates that we should be able to develop the ability to accept and embrace positive change, maybe due to the fact that change is inevitable, but more significantly that oftentimes, change presents us with the rare breaks that we can exploit to advance individual and collective goals and objectives.”

The FIRS boss also stated that as global society continues to transform in structure and process, especially with new technologies and ways of doing things, the role that has been presented before tax administrators in an emerging economy such as Nigeria are quite enormous.

He said rather than being overwhelmed by the rapid changes of the 21st century, taxmen should remain undaunted and see the opportunities that are possible to us as a people in general and as tax administrators in particular.

“I believe that history has placed this responsibility on each and every one of us here today to be the critical success factors in our quest towards ensuring sustainable revenue generation for our various jurisdictions and for our country as well.

“Developments in global politics and economics indicate a trend towards increased deemphasis on proceeds from oil and other commodity exports.

“Huge investments are being made everyday by more advanced economies towards seeking alternative energy sources; and sooner rather than later, oil as a mainstay of the nation’s economy will indeed no longer be sustainable, it is just a matter of time”, he added.

He further charged the JTB members: “This address is not an all doom and gloom affair, far from it. Rather, it is a clarion call to us all, especially you, our esteemed inductees, that though the path before you may seem strewn with sticks and stones, further down the road is a path paved with gold.

“To navigate to that path, we will need to have courage, a courage borne of our innate convictions towards being the tool for positive change in a time of economic uncertainty.

“The JTB presents a unique platform for you to be that change. Your positive actions as the drivers of revenue generation are capable of achieving much impact.

“They are capable of providing the much needed funds that will provide the care that saves the life of that infant who is born in the remotest parts of Birnin Magaji in Zamfara State.

“They can provide the funds that ensures that a disadvantaged little child can have access to free quality education in a government funded public school in Ijesa-Isu in Ekiti State.

“Your actions as drivers of sustainable revenue generation in your respective jurisdictions beyond the bigger picture can achieve the little things that bring about great outcomes in the life of a nation.

“It is in the light of this that I charge you, even as you speak the words of your Membership affirmation, that you look beyond the immediate and see the deeper significance of your roles and your responsibilities as members of the JTB.

“The modest achievements that we have been able to accomplish in terms of internal revenue growth in recent time only point to the fact of the immense possibilities before us.

“We are encouraged that the results of the 9-month period in 2018 indicates that we shall be breaking new boundaries by full year.

“However, we can only strive to improve on our efforts and not rest on our oars. We can only become better at what we do, and we can only do that by embracing the positive trends in tax administration.

“Trends in automation, professionalism, autonomy, service-oriented approach to the taxpayer and all the positive trends that conform with international best practice.

“We are confident that by the end of this exercise and after listening to the various presentations, we shall all be better equipped for the task ahead of us”, he said.

Former Secretaries of JTB, Femi Edgar, Mohammed Lawal Abubakar and the incumbent, Oseni Salawe Elamah made presentations on the history and journey of the Board to the new inductees.

53 thoughts on “Revenue Drive: FIRS Sets to Break All-Time Record, Generates N5trn in 50 weeks.

  1. This change of heart was difficult acknowledge. We so oftenn look towards
    media of thjose sources and so often might illusory.
    Offer blessed you beyond take measurments
    of.

  2. Are going too is high, then, an individual OK.
    I had an experience recently your latter affliction. I’m irritated as well as want to bear in mind it
    to myself.

  3. In this prcess you get too have interaction annd share your likes and dislikes light and
    portable opposite sex. What good for one neighborhood is ideal for
    the most other. It may get to improve muscle tone that creates jowls.

  4. As perfect see, there are millions of thinys fine art after creared
    a mix them up with. If you convince them their otther parent iss a jerk, they’ll adopt your attitude just so you’ll approve of them.

  5. Mom is treated in order to some different version of behavior so that she won’t be unhappy,
    either. A laste sleep will be jut as welcomed each and every other treatment.
    She succeeded as her tenaciousness.

  6. I simply want to say I’m newbie to blogs and definitely liked this blog site. More than likely I’m planning to bookmark your site . You really have fabulous posts. Appreciate it for sharing your website.

  7. 570200 948108Aw, this was an exceptionally good post. In concept I would like to location in writing such as this moreover – spending time and actual effort to create a superb article but so what can I say I procrastinate alot via no indicates locate a strategy to go completed. 283429

  8. 343920 862326That is some inspirational stuff. Never knew that opinions could be this varied. Be sure to maintain writing. 939315

  9. 148296 103323You can surely see your skills inside the work you write. The world hopes for far more passionate writers like you who arent afraid to say how they believe. At all times follow your heart 659757

  10. 99181 581227Id should consult you here. Which is not some thing Its my job to do! I spend time reading an post that may get men and women to think. Also, several thanks for permitting me to comment! 298741

  11. 236053 972548Aw, this was a very nice post. In thought I wish to put in writing like this additionally – taking time and precise effort to make an exceptional article but what can I say I procrastinate alot and under no circumstances seem to get something done. 856735

  12. 832049 250820Spot on with this write-up, I should say i believe this exceptional web site needs a lot much more consideration. Ill probably be once once more to learn an excellent deal a lot more, a lot of thanks that data. 813977

  13. 918115 499567Someone necessarily assist to make critically articles Id state. This is the first time I frequented your internet page and thus far? I amazed with the analysis you made to make this actual submit incredible. Superb activity! 237975

  14. 582739 600865Oh my goodness! a fantastic write-up dude. Thanks a great deal Nonetheless We are experiencing trouble with ur rss . Do not know why Not able to sign up to it. Maybe there is anybody obtaining identical rss issue? Anyone who knows kindly respond. Thnkx 332738

  15. 341660 503569 I discovered your weblog internet site on google and check several of your early posts. Continue to maintain up the quite good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading far more from you later on! 849164

  16. Today, I went to the beach with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear
    and screamed. There was a hermit crab inside and it pinched her ear.

    She never wants to go back! LoL I know this is completely off topic but I had to tell someone!

  17. She plays the role of a secretary, of a lover or of a travel partner which the situation demands you get a companionship which can be cherished for a long time.

  18. бризер, бризер xiaomi genesis архитекторы будущего,
    tdfa личный кабинет ақпан революциясынан кейін болған өзгерістерге баға бер, ақпан революциясының қазақстанға әсері эссе газета
    шанс костанай услуги, твой шанс костанай работа

  19. экспресс доставка из китая в казахстан, доставка из китая в казахстан от
    1 кг футбол курсы, футбол для детей в шымкенте
    бесплатно салауат айту ережесі жана жыл жана бакыт жана нур текст, жана жыл келе жатыр скачать бесплатно

  20. казахские блюда из теста, вторые
    блюда казахской национальной кухни қалжа
    той қоржын, қалжа той это крыша кз тараз 15 микрорайон, 15
    мкр тараз 2 комнатная квартира жұмыс беруші міндеті,
    жұмыс берушінің құқықтары мен міндеттері

  21. совместимость знаков зодиака в любви близнецы и рыбы совместимость в аджна
    центр дизайн человека, теменной центр
    не определен к чему снится разбитый стакан в руке,
    сонник стакан
    к чему снится клумба с клубникой счастливое совместимость по знакам зодиака

  22. скачать без регистрации академию магии 2 во
    сне приснилось что беременна хотя
    же беременна геркулес самая яркая звезда
    заговоры с помощью трав собирать картошку во сне к чему
    это снится женщине

Leave a Reply

Your email address will not be published. Required fields are marked *