FIRS seeks to introduce road infrastructure funding scheme for Nigeria

  The Federal Inland Revenue Service (FIRS) is proposing the introduction of Road Infrastructure Tax in Nigeria. This is to ensure the infor...

 

The Federal Inland Revenue Service (FIRS) is proposing the introduction of Road Infrastructure Tax in Nigeria.

This is to ensure the informal sector contributed to building a modern society.

FIRS executive chairman, Muhammad Mamman Nami, stated this while receiving a delegation of the Nigeria Union of Journalists (NUJ) led by its National President, Chris Isiguzo in Abuja today.

Nami explained that the proposed Road Infrastructure tax will provide the government with adequate funding for road construction, rehabilitation, and maintenance. It will also provide the needed security for roads in the country.

He said: “One quick and very important intervention required of you is in the area of the Road Infrastructure Funding Scheme that the country needs in order to fix our roads and bring the informal sector to the tax net.

“Without the tax that you pay, governments at all levels would not be able to fulfil their mandate to the electorates. Tax money also helps to ensure the roads you travel are safe and always in good condition.”

Earlier, Isiguzo said the NUJ’s visit was part of his resolve to engage critical institutions as a key stakeholder in charting a way forward for the country’s collective good.

The NUJ President described FIRS as a vital institution in the country, which “requires all the support it needs especially at a time when the country is security-challenged, adversely affected by COVID-19 and faced with FOREX crisis as well as political intrigues from different parts of the nation.”

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Saga Gist - Top Source for Nigeria News: FIRS seeks to introduce road infrastructure funding scheme for Nigeria
FIRS seeks to introduce road infrastructure funding scheme for Nigeria
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