FG says Tax is now its highest revenue source

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The Federal Government said tax revenue is currently the highest income source for the federation.

This was disclosed on Tuesday by Accountant-General of the Federation, Oluwatoyin Madein, at the 26th Annual Tax Conference of the Chartered Institute of Taxation of Nigeria in Abuja, where she charged tax practitioners to ramp up their tax revenue drives.

Themed: ‘Sustainable Tax Culture and Economic Roadmap for Nation Building,’ Madein said, “Like the CITN, the Office of the Accountant-General of the Federation is committed to a sustainable tax culture that will ensure the continuous flow of revenues even at an improved level.

“Tax revenue as at today is the highest source of revenue accruing to the federation. Therefore at the Federation Account Allocation Committee meetings we eagerly await the numbers coming from the FIRS because the performance keeps on increasing and brings succour to all tiers of government.”

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