Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Group lauds FIRS over reforms, transparency, defends agency on proposed 2022 expenditure

Abiola Odutola by Abiola Odutola
October 26, 2021
in Business News
FIRS Boss and Policies
Share on FacebookShare on TwitterShare on Linkedin

The National Youth Council of Nigeria (NYCN) has described reports criticising the proposed 2022 expenditure of the Federal Inland Revenue Service, FIRS, as spurious and mischievous.

This was disclosed by the National President of the NYCN, Solomon Adodo, who stated this in Abuja, expressing worry over the publication and the alleged “sinister intentions behind it.”

Adodo noted that NYCN will not fold its hands to watch individuals or corporate organisations drag the FIRS and its well-intended programmes, aimed at salvaging the country’s economy, to the mud.

RelatedPosts

FIRS extends deadline for filing of 2022 Companies Income Tax returns to 31st August 2022

Nigeria’s VAT revenue rises to N588.6 billion in Q1 2022

What the NYCN is saying

He said, “NYCN can not sit back and watch the national tax administration and the well-intentioned programmes of the FIRS be dragged into the mud, especially if viewed against the backdrop of the fact that the agency mobilises revenue for our Commonwealth, thereby contributing to our national economic development as well as the well-being of ordinary Nigerians generally.”

The group argued, “any discerning mind would see that the said budget estimate is a proposed expenditure that would eventually pass through the eagle eyes of the National Assembly for rigorous scrutiny.

“Even though the official response of the FIRS to that publication has put to rest all misconceptions, and addressed the obvious political mischief intended by the vexatious publication, we feel inclined to add our voices to the issue if only to finally nail the coffin.

“The public may wonder along with the media on why the NYCN bothers itself with what is generally believed to be the spurious, concocted and mischievously slanted story about the FIRS’s proposed expenditure as published by the Punch Newspapers and circulated on some social media platforms.”

NYCN further expressed worry that an attempt was made by a publication to seek an explanation or clarification from FIRS on the various expenditure sub-headings contained in the document.

News continues after this ad


“We must not forget in a hurry that recently FIRS came down heavily on some notable big tax offenders, and made them pay their outstanding tax liabilities.

“And so, every attempt made by such tax defaulters to intimidate FIRS to make it shirk its patriotic duty was firmly and roundly rebuffed. We know that some people somewhere would wish to continue with their tax crimes. But we say a big NO to that. It is about time that, as Nigerians, we focused on development instead of petty politics.

“The determination of the Nami-led FIRS to go after some big and hitherto untouchable tax offenders has continued to gain traction. For example, many businesses that either did not pay taxes or did not pay the correct amount have been made to pay under the very deliberate programme of the Management,” the council added.

In case you missed it

Recall that a national daily had reported on October 17, 2021, that FIRS is to spend N2.8 billion on uniforms, N550 million on meals, Board members to earn N370 million sitting allowance.

It also claimed that the FIRS, which is one of the highest revenue-generating government bodies, set aside N262.5 million for security votes while N17.8 billion would be spent on “miscellaneous expenses”.

Related

Tags: firsNational Youth Council of NigeriaNYCN

Leave a Reply Cancel reply

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

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Lafarge Africa H1 2022 earnings contracts by 37% despite growing demand for cement
    • BREAKING: Iranian government makes first crypto payment for imports worth $10 million
    • People’s Redemption Party sues ex-Chief of Air Staff, Bauchi Governor, over alleged double nominations

    Follow us on social media:

    Recent News

    Lafarge Africa provides grant for startups, Lafarge Africa’s latest earnings report reveals 8.5% decline in gross profit , Lafarge Africa gets new CFO one month after resignation of former finance director, Lafarge Plc reveals why it invited Italian man with Coronavirus to Nigeria, Lafarage Africa group Plc posts a revenue of N213 billion in 2019, profit up N17 billion, Lafarge moves to sell 35% shareholding in Continental Blue Investment Ghana Limited

    Lafarge Africa H1 2022 earnings contracts by 37% despite growing demand for cement

    August 9, 2022
    IMF calls crypto "special currency" and educates the public, Crypto: Why investors are rushing to DeFi assets, total market capitalization of cryptocurrencies, Crypto, Whales move 100,000,000 Tether, USDT in less than 24 hours

    BREAKING: Iranian government makes first crypto payment for imports worth $10 million

    August 9, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com