Reps quiz FIRS on bogus recurrent budget, revenue shortfall
Reps quiz FIRS on bogus recurrent budget, revenue shortfall
• Kick against 7 per cent cost of collection worth N298.44bn
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Members of the House of Representatives, on Thursday, quizzed Chairman, Federal Inland Revenue Service (FIRS), Mohammed Nami, over the bogus recurrent expenditure and the inability to meet the N5.077 trillion target, despite the downward review of the N8.7 trillion initial proposed revenue for 2020.
The lawmakers, who expressed the concerns during the 2020 budget defence/2021 budget proposal of Federal Inland Revenue Service held at the instance of the House Committee on Finance chaired by Hon Abiodun Faleke, queried the astronomical increase in various expenditures incurred during the period under review.