They said this in separate interviews with News Agency of Nigeria in Lagos while reacting to the appointment of Mr Muhammad Nami as the new FIRS chairman.
Mr Sola Oni, a chartered stockbroker and Chief Executive Officer, Sofunix Investment and Communications, said that Nami must collaborate with market regulators and operators on taxes discouraging people from investment.“For instance, withholding tax on the dividend which has become a thing of the past in many markets has suddenly found its way back.
Malam Garba Kurfi, the Managing Director, APT Securities and Funds Ltd., called for the removal of VAT on capital market transactions. Also speaking, Mr Moses Igburde, the Publicity Secretary, Independent Shareholders Association of Nigeria , urged the new FIRS boss to learn from the mistakes of Fowler.
“FIRS must leverage on technology and modern infrastructure to collect and monitor tax collections,’’ he added.