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Finance Bill: FIRS, NNPC, Customs, Others Must ‘Sit Up’ – Senate

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Finance Bill: FIRS, NNPC, Customs, Others Must ‘Sit Up’ – Senate.

A file photo of the Federal Inland Revenue Service office in Abuja. Photo: Twitter- @firsNigeriaThe Senate has asked agencies of the Federal Government saddled with the responsibility of generating revenues to be more efficient in discharging their duties.

“The revenue-generating agencies will have to sit up; the Senate will be mounting a lot of oversight on the revenue agencies,” he said.The bill seeks to amend six tax provisions and make them more responsive to tax reform policies and the Customs and Excise Tariff Act to encourage local manufacturers.

Addressing his colleagues after they shared their various perspectives on the effects of the bill on the nation and its people, the Senate President explained that the bill aims to help Nigeria generate more revenues.

 

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