FIRS projects 4.9trillion naira internal revenue for 2016

FIRS boss Babatunde Fowler

The Federal Inland Revenue Service (FIRS) has set a target of 4.9 trillion Naira as the revenue that would be generated in 2016.

The Executive Chairman of FIRS, Mr Babatunde Fowler, who made the disclosure, said that the development was to ensure a successful implementation of the 2016 Budget.

Projecting a 90% budget implementation success, Mr Fowler maintained that the FIRS would achieve at least 70% delivery per quarter or forfeit their performance bonuses through the year.

He said that their target of adding 500,000 taxable corporate accounts to their grid would be achieved before the end of March with an additional five million by December 2016.