News
Buhari’s COS Queries FIRS Chairman Over Worsening Tax Collection
Indications emerged yesterday that the Chief of Staff to President Muhammadu Buhari, Mr. Abba Kyari, has queried the Executive Chairman of the Federal Inland Revenue Service, Mr, Babatunde Fowler, over alleged discrepancies in tax collections from 2015 to 2018.
A letter dated August 8, 2019, and addressed to the FIRS chairman, which was signed by Kyari, asked Fowler to explain reasons for ‘significant’ variances in budgeted collections and actual collections of tax in 2015, 2016, 2017 and 2018.
In the concerned years, the actual amount collected as tax fell below the budgeted target.
In 2015, actual collection was N3.7tn, while the budgeted target was N4.5tn.
A similar shortfall occurred in 2016, when actual collection was N3.307tn, less than the N4.95tn budgeted target.
Also, in 2017, the FIRS collected a total of N4.027tn, less than the set target of N4.89tn.
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