Dr Babatunde Fowler, Chairman Federal Inland Revenue Service, says taxation remains the country’s lifeline for economic development.
Tag: Taxation
Revenue Accountability In Nigeria: The Role Of The Federal Inland Revenue
Revenue derivable in Nigeria can broadly be categorized under Oil and Non-Oil revenue. The Nigerian economy had for many years been dependent upon revenues derived from Oil and Gas hence the infamous economic meltdown led to the decline in the revenue generated from petroleum resource from the early 2000 till date. Following the recession that ensued, alternative sources of revenue generation, particularly from the non-oil sector, became the focus of the Federal Government.