Heads may roll at FIRS as new boss sets N17trn target for 2020THE executive chairman of the Federal Inland Revenue Service (FIRS) Muhammed Nami, has hinted of a possible staff rationalisation exercise in view of persistent failure to meet revenue target since 2012. He has, therefore, told workers of the revenue agency to generate at least N17 trillion in 2020. A comparison of staff trajectory since 2012 and revenue collection target showed that average collection per staff declined from N718.2 million to N530 million in 2019. In 2016, 2017 and 2018, the target collections were N4.2 trillion, N4.8 trillion and N6.7 trillion but the actual collections were N3.3 trillion, N4.0 trillion and N5.3 trillion, respectively. “Further we have observed that actual collections for the period between 2015 and 2017 were significantly worse than what was collected between 2012 and 2014.

Source: Nigerian Tribune December 28, 2019 06:22 UTC