FIRS proposes road infrastructure tax

is planning to introduce Road Infrastructure Tax to generate funding for road construction, rehabilitation, maintenance, and security, the agency’s Executive Chairman, Muhammad Nami, said Thursday.

He noted that “in many jurisdictions, road users pay for the use of road infrastructure as such it shouldn’t be seen as an additional burden on our citizens because it has the potential of making life better for all of us.” Nami said the proposed Road Infrastructure Tax to be administered by FIRS, will provide government with adequate funding for road construction, rehabilitation, and maintenance, as well as providing the needed security for roads in the country.

Speaking further, Nami stated that Nigeria’s economy presently relies heavily on non-oil revenues to discharge its statutory responsibility of paying salaries and providing social amenities to the citizenry. Muhammad Nami also noted that the management of the Service had established two critical units, the Intelligence, Strategic Data Mining & Analysis Department and the Tax Incentive Management Department as part of institutional reforms to generate more revenue and forestall revenue leakages.

The FIRS Executive Chairman highlighted that these reforms put in place were already yielding result, including the collection of the sum of N4.2 Trillion between January and September, 2021, the successful facilitation of ISO 27001:2013 Certification of the FIRS’ Exchange of Information Centre, and the achievement of 114.66 percent of the VAT collection target in the first half of the year.

Earlier, the NUJ National President, Isiguzo, said the visit of the union was part of his resolve to engage critical institutions as a key stakeholder in charting a way forward for the country’s collective good.

These people are just too shameless for proposing to tax failed roads. And no one is saying anything about crude oil price that $85 now

These people are really bent on impoverishing the masses.🤦

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