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70% of FAAC allocation comes...

The Executive Chairman of the Federal Inland...

70% of FAAC allocation comes from taxes – FIRS Chairman

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has said tax generated by the service provides 60 to 70 percent of funds shared monthly by the Federal Account Allocation Committee (FAAC) among the three tiers of government. Nami said this when he received the management of the National Lottery Regulatory Commission (NLRC) in his office in Abuja yesterday. The FIRS boss noted that taxes were the primary source of revenue to governments all over the world and as such the FIRS has been generating the bulk of...

70% of FAAC...

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has said tax generated by the service provides 60 to 70 percent...
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