70% of June allocation from non-oil sector – Fowler

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About 70 per cent of over N500bn raised from the Federal Accounts Allocation Committee in June came from the non-oil sector, the Executive Chairman, Federal Inland Revenue Service, Mr. Tunde Fowler, has said. Fowler, who is also the Chairman, Joint Tax Board, was quoted in a report by Economic Confidential as saying, \”Of the sum, 70 per cent came from non-oil sources while only 30 per cent came from oil sources.\r\nIt was the first time in 2016 that the Federal Government shared over N500bn among the three tiers of government during the FAAC meeting.\” \”We are proud of the development and we tell ourselves that this is the time to fund the budget of the Federal Government from non-oil sources. He spoke in Abeokuta, the Ogun State capital, during a visit by the 36 state chairmen of the State Boards of Internal Revenue to the Ogun State Governor, Ibikunle Amosun. \r\nAccording to Fowler, the FIRS tax revenue collection is a combination of a robust taxpayer registration drive, tax education and engagement through the establishment of the Federal Engagement and Enlightenment Tax Teams.

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