The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami has said Nigeria is currently suffering revenue challenges because of its fragmented tax systems and agencies.

According to him, this issue has led to significant tax revenue losses for the country. Speaking during the Senate Stakeholder engagement and public hearing on the 2023 Medium-Term Expenditure Framework (MTEF) and Fiscal Paper, which was held at the Senate Chambers,

Nami said: “In Nigeria, we have 774 Local Governments, each of them has a tax authority; each of the 36 States, too, has revenue authorities with their respective mandates; then we have the FIRS and Customs. What I would advise for efficiency and to do things in line with global best practices, is that we should amend our tax laws to harmonise the tax agencies and tax system.

“With this, when the FIRS, for instance, visits ‘Company A,’ it can serve one assessment on the company, and also on the individual that owns the Company; it can also ask the company to account for the VAT it has collected and ask for PAYE it has deducted from its employees as well as the Personal Income Tax of the Promoters of the Company.