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How FIRS Plans To Realise Its Revenue Target -Fowler

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The Federal Inland Revenue Service (FIRS) says it plans to realize its revenue target for the year through recoveries from defaulting millionaire taxpayers, values added (VAT) and compliance enforcement activities.

The Chairman of FIRS, Tunde Fowler, said in January that the agency’s revenue collection target for 2019 was about N8 trillion.

Mr Fowler told the House of Representatives joint committees on Finance, Appropriations, Aids, Loans and Debt Management Legislative Budget and Research and National Planning and Economic Development that he hopes about N750bn would be realized from about 55,000 defaulting taxpayers during the year.

Mr Fowler, who spoke on the 2019/2021 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), said using banking information to bring non-compliant taxpayers with N1 billion and above turnover to comply about N23.25 billion has been recovered so far.

He also restated that 85% of VAT collected goes to State Governments. He said the exercise has been extended to cover those with turnover of N100 million and above.

“To date, about 500 of the tax defaulters have come forward and have paid about N24 billion. We believe we should be able to go through the 55,000 before the middle of this year.
“In terms of estimates we should be able to be able to generate from this exercise alone about N750 billion.”

Besides, Mr Fowler said the FIRS also expects that the increase in Value Added Tax (VAT) collection between 2015 and 2018 will continue during the year.

He said FIRS is already broadening its VAT collection scope with the adoption of States Accountants Generals (SAG) collection platform, VAT Auto-Collect, integration of the GIFMIS platform with Ministries, Departments and Agencies, (MDAs) and through e-Service payment options.

Out of about N5.3 trillion, a large percentage of the revenue is shared between states and local governments.’ In VAT, there has been a growth of over 44 per cent between 2015 and 2018 at the current rate of 5 percent.

“When you look at Africa as a continent, Nigeria still has the lowest VAT rate. When we look at the items that do not attract VAT, they include basic food items, medicals, and education.
Insisting VAT is not for the poor, Mr Fowler said if one is able to go to a restaurant to eat and drink the same thing one can buy in the open market, then one can pay VAT.

“So, VAT basically is a consumption tax, and those who choose not to go to the open market to buy their food and cook at home are subject to VAT. So, VAT is not a hardship on the low income earners.

“For those who have the ability and the desire to take the choice of going to areas where they have to pay VAT, then they should be allowed to pay VAT,” he added. He said revenue collection by FIRS increased by about 32 per cent from N4.02 trillion in 2017 to N5.3 trillion in 2018.
The FIRS Chairman told the committee that through enforcement activities in respect of defaulting taxpayers from various tax offices, tax audit and investigation assessments, the agency recovered about N28. 51 billion and $77. 83 million.

Also, the FIRS is partnering with the Economic and Financial Crimes Commission (EFCC) and Joint Tax Force (JTF) since 2018 to enhance the fight against tax related economic fraud. As at December 2018, he said about N6. 94 billion and $278,430 had been recovered by the JTF as part of initiatives to boost revenue generation.
To deepen tax revenue collection and expand the nation’s tax net as well as increase the revenue base, Mr Fowler said the FIRS also initiated income tax on property owners in Abuja and Lagos.

He said the initiative, which was initially targeted at property owners in Abuja and Lagos, has so far yielded N4.3 billion, and is being extended to other locations like Oyo and Kaduna states.
“It is important to note that this is not a property tax, but rather the use of the provisions of the law to bring into the tax net companies that own properties but failed to file necessary tax returns and pay appropriate taxes due,” Mr Fowler said.

On tax audit exercise of the Service, the FIRS boss said this will cover both the National Tax Audit (NTA) and the Pioneer Audit (PA). The NTA exercise contributed the sum of N212.79 billion to tax collection in 2018.

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Tinubu Appoints Grace Henry as First Female Chair of Nigerian Legion

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President Bola Ahmed Tinubu has appointed Grace Henry as the new chairman of the National Council of the Nigerian Legion, marking a historic first as both the first woman and the first non-commissioned officer to lead the country’s foremost veterans’ organization.

The announcement was made on Thursday in Abuja via a statement by Abdul Lauya, Senior Special Assistant on Media and Digital Communications to the chairman.

According to the statement, Henry’s appointment was formalized through a letter signed by the Secretary to the Government of the Federation, George Akume, and takes effect from June 7.

Born on October 5, 1964, Henry brings with her over 25 years of military and administrative experience. She retired from the Nigerian Army in 2000 and most recently served as Director of Corporate Affairs at the Legion’s headquarters in Abuja. She is also the current National Coordinator for Female Military Veterans of Nigeria.

She succeeds retired Major General AbdulMalik Jibrin. Her appointment is widely seen as a reflection of the Federal Government’s commitment to promoting gender inclusion and equal representation within the military veterans’ community.

President Tinubu expressed confidence in her leadership and urged her to leverage her experience to reposition the Nigerian Legion, which serves as a vital support system for the nation’s ex-servicemen and women.

Her appointment is expected to usher in a new era of reforms and revitalization for the Legion amid growing calls for improved veteran welfare and institutional development.

The Nigerian Legion, a statutory body established to support the welfare of ex-servicemen and their dependents, plays a critical role in the rehabilitation, reintegration, and economic empowerment of military veterans. It also promotes national unity through remembrance events such as the Armed Forces Remembrance Day and collaborates with various agencies to uphold the dignity of retired military personnel.

In response to certain media reports describing her as “one of the most powerful non-commissioned ex-service personnel,” Henry distanced herself from the characterization.

“She wishes to make it clear that leadership is not about grandstanding or media posturing,” Lauya stated. “There is no such thing as being ‘most powerful’ under her leadership.”

Henry emphasized that the Legion remains a unified body, representing all veterans—commissioned and non-commissioned—without bias or division. She condemned any effort to create artificial hierarchies within the organization and called on the media to refrain from spreading unverified claims.

“She remains committed to the principles of unity, service, and integrity,” the statement added. “Ms. Grace Morenike Henry belongs to all and to none in particular. Her mission is to serve all Nigerian veterans equally and selflessly.”

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Former Kwara Governor Cornelius Adebayo Dies at 84

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Chief Cornelius Olatunji Adebayo, a former governor of Kwara State and one-time senator, has died at the age of 84.

Lagos Lately TV confirmed his passing through a close family associate, who disclosed that Adebayo died early Wednesday morning in Abuja.

Born on February 24, 1941, in Igbaja, Kwara State, Adebayo’s political journey began with his election as senator under the Unity Party of Nigeria (UPN) in 1979. He later served briefly as the state’s governor in 1983. Between 2003 and 2006, he held the position of Nigeria’s Minister of Communications.

A respected advocate for democracy, Adebayo was a leading voice in the National Democratic Coalition (NADECO), which pushed for the actualization of MKO Abiola’s June 12, 1993 presidential mandate. Notably, he declined an appointment to serve in General Sani Abacha’s military government in 1993, standing firm in his democratic convictions.

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Fear of Assassination: Iran’s Supreme Leader Khamenei Picks Three Potential Successors—Excludes Son

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Amid rising tensions and fears of targeted attacks, Iran’s Supreme Leader Ayatollah Ali Khamenei has reportedly named three possible successors, excluding his son, in preparation for a worst-case scenario during the ongoing conflict with Israel.

According to a Saturday report by The New York Times, the 86-year-old leader, who is said to be operating from a secure underground bunker, privately selected three senior clerics to take over leadership if he is killed. The decision follows a wave of high-profile assassinations allegedly carried out by Israeli forces, which has heightened concerns at the highest levels of Iran’s leadership.

Crucially, Khamenei’s son, Mojtaba—who has long been rumored to be his heir apparent—was not included among the chosen candidates. This marks a significant departure from previous speculation suggesting a dynastic transition was in the works. The Jerusalem Post also confirmed the report, adding that Khamenei has made additional contingency plans by appointing replacements within Iran’s military hierarchy in anticipation of further Israeli attacks.

Traditionally, Iran’s Supreme Leader is selected by the Assembly of Experts, a powerful clerical body of 88 members. However, Khamenei’s move suggests he may be attempting to influence the succession process in advance, seeking to ensure ideological continuity and maintain regime stability amid external threats.

Experts believe the choice of three clerics rather than a single successor points to internal disagreements and the urgent need for contingency planning as the situation escalates. While the identities of the chosen individuals remain undisclosed, sources say they are trusted hardliners closely aligned with Khamenei’s vision.

Regional Impact and Rising Concerns

The reported development comes at a volatile time in the Middle East, with recent Israeli strikes targeting senior Iranian and Hezbollah figures. Analysts warn that any sign of instability in Iran’s leadership could further destabilize the region.

“This is not just theoretical succession planning — it’s being done under the very real threat of attack,” a regional intelligence source told The New York Times. “The regime clearly views the risk of a leadership vacuum as imminent.”

Khamenei’s decision underscores the high level of concern within Tehran’s leadership circle as it braces for potential escalations and prepares for scenarios that were once considered unlikely.

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