Thursday, 23 June 2016

RMAFC, FIRS To Assist States Raise Revenue



The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) and the Federal Inland Revenue Service (FIRS) have moved in to assist states on how to raise their revenue due to the current economic challenges.
During a separate visit to the Akwa Ibom State Commissioner for Finance, Akan Okon, both agencies stressed that the federal government was worried about the failing economic situations, which has taken a hard toll on finances of federal and state governments .
The leader of the FIRS delegation, Mr. Innocent Ohagwu told the Akwa Ibom State Finance Commissioner that the team was in the state to see how to work hand in hand with the state governments to step-up revenue generation in view of the present economic situation in Nigeria.

Ohagwu called for constructive partnership that would yield mutual benefits for both parties especially in the achievement of revenue targets, while also praying for a comprehensive audit assessment that would aid the remittance of taxes due to the federal government.
Also, a team from the RMAFC said the visit was to familiarise themselves with the State Ministry of Finance and to also synergies to create ideas that could bolster fiscal efficiency, as well as effectiveness in revenue mobilisation.


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