FG To Cut FIRS’ N8.5tr Target - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
April 8, 2020
The Federal Government is revising the non-oil revenue projections, including various tax and customs receipts.
This means the 8.5 trillion naira target set for theFederal Inland Revenue Service FIRS will be slashed at the end of the review.
Minister of Finance, Budget and National Planning,Zainab Ahmed made this known during her COVID-19 stimulus presentation inAbuja.
Already, the Director-General, Budget Office of theFederation,  Ben Akabueze has commencedwork on the review.
The proposed Amended Budget will provide for theCOVID-19 Crisis Intervention Fund and other adjustments required due to thedecline in international oil prices.
In the interim, the FIRS said it has set up a numberof measures to provide support to taxpayers in managing their tax obligationsas they are impacted by the coronavirus outbreak.