Babatunde Fowler, the Executive Chairman of Nigeria's Federal Inland Revenue Services is aiming to generate N4.5 Trillion in 2016. Just how does he intend to pull this off? It is believed that Value Added Tax (VAT) revenue will be increased from N500 Million to N2.5 Trillion. It is Fowler's view that a proposed N8 Trillion 2016 budget will be executed.
en.wikipedia.org
Babatunde Fowler
"If oil can generate N1 Trillion, Customs can generate N4.5 Trillion, so the budget of N8 Trillion is quite durable."
(c) JuicyChitChats 2015. [Wednesday 25th November]
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