• About Us
  • Privacy Policy
No Result
View All Result
Express Day
  • Home
  • NEWS
    • Politics
    • Health
    • Education
    • Crime
    • Judiciary
    • Environment
    • Science & Technology
  • BUSINESS
    • Finance
    • Insurance
    • Agriculture
    • Aviation
    • Energy
    • ICT
    • Maritime & Transport
  • INVESTIGATIONS
  • ENTERTAINMENT & ARTS
  • SPORTS
  • en English
    ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanha Hausaig Igboit Italianko Koreanla Latinpt Portugueseru Russianes Spanishsw Swahiliyo Yorubazu Zulu
Express Day
No Result
View All Result
Home BUSINESS

FIRS targets $5m staff-to-revenue ratio within 4 years

ExpressDay by ExpressDay
February 7, 2020
in BUSINESS, NEWS
0
FIRS targets $5m staff-to-revenue ratio within 4 years
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

 

As part of effort to boost performance and improve government revenue, the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Muhammad Nami says the service was targeting a minimum of 5 million dollars staff-to-revenue ratio in the next four years.

Nami who disclosed this on Friday at the 2020 Corporate Plan Retreat of the service in Abuja, said the service was also targeting 10 percent to Gross Domestic Product (GDP) ratio within the period.

He noted that the service has agreed that in the next four years it will improve its performance on a long term and sustainable basis.

FIRS, according to him, is working towards blocking about 10 billion dollars tax leakages by multinational corporations operating in the country who engaged in illicit profit shifting.

He added that if the country was able to detect and block tax avoidance schemes by multinational corporations, it would be able to improve its tax revenue collection.

“Since I assumed office as chairman, we have revised the organisational structure of the service that reflected management aspiration reviewed and redesigned tax audit and investigations functions and currently we are reviewing all lien cases with a view to closing them and introduce new enforcement strategies.

“In addition, we have initiated several reform projects with a view to reversing our current performance level to a more acceptable level by government,” he said.

Speaking at the retreat, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed said taxation was key to government’s plans to diversify the economy.

Represented by Ms. Fatima Hayyatu, Director Technical Department, Ahmed said that the present administration’s plan to take 100 million Nigerians out of poverty in 10 years could be realised through improved revenue that would be generated by agencies of government like FIRS to develop infrastructure.

Like this:

Like Loading...

Related

Previous Post

Onu challenges chemical technologists on Nigeria’s industrialisation

Next Post

All-Share Index ends week with 0.26% fall

ExpressDay

ExpressDay

Next Post
Equity market sustains losses in Tuesday’s trading by 0.59%

All-Share Index ends week with 0.26% fall

Leave a Reply Cancel reply

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

Stay Connected test

  • Trending
  • Comments
  • Latest
With LP ahead, presidential poll heads for run-off — Nextier

With LP ahead, presidential poll heads for run-off — Nextier

February 5, 2023
Auchi Poly: Echoes of a Transformational Administration

Auchi Poly: Echoes of a Transformational Administration

January 26, 2023
A Rector and His Giant Strides

A Rector and His Giant Strides

January 27, 2023
Group blasts Omo-Agege’s aide over lies against Ogboru’s alliance with Okowa

Oddiri’s campaign of calumny can’t change Deltans’ love for Ogboru – Okotie-Eboh

January 21, 2023
Buhari pledges support for Turkey, Syria over deadly earthquake

Buhari pledges support for Turkey, Syria over deadly earthquake

February 7, 2023
Buhari hails Tems for winning Grammy award

Buhari hails Tems for winning Grammy award

February 7, 2023
Buhari describes his government’s infrastructure development as fantastic

Buhari condemns horrific terrorist attack on Katsina vigilantes

February 7, 2023
Use of Artificial Intelligence’ll boost healthcare delivery- Adigwe

Use of Artificial Intelligence’ll boost healthcare delivery- Adigwe

February 5, 2023

Recent News

Buhari pledges support for Turkey, Syria over deadly earthquake

Buhari pledges support for Turkey, Syria over deadly earthquake

February 7, 2023
Buhari hails Tems for winning Grammy award

Buhari hails Tems for winning Grammy award

February 7, 2023
Buhari describes his government’s infrastructure development as fantastic

Buhari condemns horrific terrorist attack on Katsina vigilantes

February 7, 2023
Use of Artificial Intelligence’ll boost healthcare delivery- Adigwe

Use of Artificial Intelligence’ll boost healthcare delivery- Adigwe

February 5, 2023

Follow Us

Browse by Category

  • Agriculture
  • Aviation
  • BUSINESS
  • Crime
  • Economy
  • Education
  • Energy
  • ENTERTAINMENT & ARTS
  • Environment
  • Feature
  • Finance
  • FOREIGN
  • Health
  • ICT
  • Insurance
  • INTERVIEW
  • INVESTIGATIONS
  • Judiciary
  • Maritime & Transport
  • Metro
  • NEWS
  • Oil and Gas
  • OPINION
  • PHOTO NEWS
  • Politics
  • Science & Technology
  • Security
  • SPORTS
  • TOP STORIES
  • Tourism

Recent News

Buhari pledges support for Turkey, Syria over deadly earthquake

Buhari pledges support for Turkey, Syria over deadly earthquake

February 7, 2023
Buhari hails Tems for winning Grammy award

Buhari hails Tems for winning Grammy award

February 7, 2023
  • About Us
  • Privacy Policy

© 2022 Express Day

No Result
View All Result
  • Home
  • NEWS
  • BUSINESS
  • INVESTIGATIONS
  • ENTERTAINMENT & ARTS
  • SPORTS

© 2022 Express Day

%d bloggers like this: