Business
Cumulative States’ IGR Records Astronomical Leap – FIRS
The Federal Inland Revenue Service (FIRS) says cumulative states’ internally generated revenues have experienced astronomical leap in recent years.
The Chairman of FIRS, Dr Babatunde Fowler, said this at the Nigerian Governors’ Forum (NGF) Annual National Peer Learning Event last Wednesday in Abuja.
Fowler, represented by the Executive Secretary, Joint Tax Board (JTB), also said that since the turn of the century, tax revenues collected by the FIRS had experienced a growth of over 500 per cent from about N400 billion to over N2 trillion by 2010.
“By 2017, FIRS collection has topped N4,027.9 trillion.
“In the similar vein, cumulative state IGR collections experienced astronomical leap of nearly 40,000 per cent from pre-1999 figures of just over N1 billion to over N400 billion in 2010.
“As at 2017, total state collections stood at N936.4 billion.
“Current year on year trends are looking quite bright in 2018 as FIRS half year collection of 2.52 billion already has a 41.9 per cent increase over the same period in 2017.
“Cumulative states 2018 half year on year growth topped 28.1 per cent with a collection of N581.95 billion as against the collection over the same period in 2017.’’
Fowler, however, said that as encouraging as those performances might sound, a lot was still required to be done.
He advised state commissioners of Finance to join forces with the state executive chairmen of their various revenue authorities to ensure that state governors adopted the political will to pursue human and institutional capacity building.
Fowler added that they should also encourage modernisation of tax administration in their states.
The Director-General of the NGF Secretariat, Asishana Okauru, said although the country’s economy was witnessing a recovery, recent economic development had posed new challenges to the management of both taxes and government spending.
Okauru, represented by the NGF Executive Director, Strategy and Research, Lateef Shittu, said the challenges stressed the need to urgently strengthen fiscal governance measures as regard the rules and procedures guiding government budgetary frameworks.
He said that in the light of the experience in recent times and the trend in the country’s social indicators, the event would be focused on the link between raising domestic revenues and development.
“Today’s event marks an important milestone for us at the NGF, as we continue to influence conversations on how best to raise the level of domestic revenue mobilisation in the country, he said.’’
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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