Chief Executive Officer of the Nigeria Financial Intelligence Unit (NFIU), Modibbo Hamman Tukur, has commended the Federal Inland Revenue Service (FIRS) for revolutionizing tax administration in the country. Tukur said this during his courtesy visit to the Chairman of FIRS, Mr. Tunde Fowler, in Abuja yesterday. He also promised that tax compliance would soon become a key constituent of every criminal investigation by NFIU.
“So today, the FIRS is either contributing to the economy better than the oil industry or you are contributing at an equal rate with the oil sector even if you factor in the forex aspect of it. That is very encouraging because the more the internally-generated revenue grows farther, the more the oil sector will be winding down,” Tukur stated. Fowler, who noted that the partnership between NFIU and FIRS would increase tax revenue generation, commended the Presidency, Ministry of Finance, NFIU and other stakeholders for their contributions to the success recorded by FIRS. He promised that FIRS would continue to partner with relevant stakeholders to ensure increase in revenue generation and enhance tax administration.