Chairman of the Federal Inland Revenue Service (FIRS) Babatunde Fowler on Monday, announced that the agency is targeting a revenue of N4.9 trillion in 2016.
He made this disclosure at the opening of the 134th Joint Tax Board meeting in Kano.
Fowler called on the participants to come up with useful suggestions to improve revenue from tax in the country.
He said the purpose of the meeting was to address challenges militating against effective tax administration in the country.
The Chairman recalled that as part of efforts to check indiscriminate and multiple tax payment, the Inspector-General of Police had dismantled all road blocks across the country.
“It is a known fact that once the oil price drops, the revenue from the sector will drop.
“So, our mandate now is to ensure increase in the non-oil revenue to ensure stability in the entire system,”
“The meeting will also review all the existing tax laws with a view to ensuring their effective implementation for great result,’’ Fowler said.
