FIRS to spend N2.8bn on uniforms, N550m on meals

By AdvocateNews on 17/10/2021

Share on facebook Yahoo mail icon Gmail icon

Views: 622

Chairman, Federal Inland Revenue Service, Muhammad Nami
Chairman, Federal Inland Revenue Service, Muhammad Nami

Board members to earn N370m sitting allowance

The Federal Inland Revenue Service has earmarked the sum of N2.8bn for “uniforms and clothing” for the year 2022.

The tax body has also budgeted about N550m for refreshments and N200m for sporting activities. The FIRS, which is one of the highest revenue generating government bodies, set aside N262.5m for security votes while N17.8bn would be spent on “miscellaneous” expenses.

The details are included in the 2022 budget proposal the agency submitted separately to the National Assembly.

Already, there are concerns over the cost of governance and the percentage of the annual budget that goes into recurrent expenditure.

 

In the 2022 budget proposal President Muhammadu Buhari  presented to the joint section of the National Assembly on October 7, a whopping N4.69tn out of the total N16.39tn budget was appropriated for personnel costs and pensions (inclusive of N617.72bn for the 63 GOEs). Also, the overhead cost would gulp N792.39bn (inclusive of N451.0 billion for the 63 GOEs).

Owing to the nation’s scarce resources and low revenue, the Federal Government would spend N3.61tn on debt servicing while it would borrow an additional N6.25tn from domestic and external sources to fund the deficit in the budget.

Meanwhile, the total budget of the FIRS stands at N228bn, surpassing the 2022 budget of the National Assembly (N134bn) and the judiciary (N120bn).

The FIRS budget also surpasses the current 2021 budgets of Abia, Adamawa, Anambra, Bauchi, Benue, Ebonyi, Edo, Ekiti, Enugu, Gombe, Jigawa, Kano, Kebbi, Kogi, Kwara, Nasarawa, Niger, Ondo, Osun, Plateau, Sokoto, Taraba, Yobe and Zamfara states.

Budgets N17.8bn for miscellaneous expenses

In its 2022 budget proposal, the tax body earmarked N2.5bn for the purchase of land, N3bn for office furniture, N1.5bn for photocopying machines, N2.04bn for computers and N500m for the construction of sports facilities.

The agency set aside N1bn for generator fuel and N250m for maintenance while a separate N550m was set aside for purchasing more generators.

The FIRS will spend N6bn on its new headquarters and N2bn on the purchase of vehicles.

It budgeted about N1.3bn for cleaning and fumigation of its offices nationwide while N1.4bn will be spent on general maintenance services.

The FIRS budgeted about N1.3bn for office stationery and computer consumables while N3bn will be spent on printing non-security documents.

The agency will spend N1.4bn on electricity charges, N460m on telephone charges and N1.3bn on security services.

The FIRS will spend N7.9bn on donations and N200m as contributions to international organisations.

The agency earmarked N800m for legal services, N1.04bn on bank charges, N9.5bn on welfare packages; N1.1bn on staff retreat and N2.9bn on repairs.

The FIRS collects Value Added Tax, Company Income Tax, stamp duty, technology levy, Personal Income Tax, Capital Gains Tax, Nigeria Customs Service Import VAT, electronic money transfer and gas income.

Currently, the FIRS is involved in a legal dispute with Rivers and Lagos states over the right authority to collect VAT.

The Federal High Court in Port Harcourt, the Rivers State capital, had on September 10 ruled that Rivers State and not the FIRS should collect VAT and Personal Income Tax in the state.

Until then, the FIRS was the agency collecting VAT across the country and after deducting its four per cent collection cost, it remitted the rest to the federation account for sharing among the three tiers of government.

Following the ruling of the Federal High Court, the FIRS filed an appeal at the Court of Appeal in Abuja, and the court ordered all the parties to maintain status quo. It also granted the application for joinder by the Lagos State government. Rivers and Lagos states have enacted their VAT laws. (PUNCH)

Posted 17/10/2021 7:48:06 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
INEC’s offices set ablaze in Ebonyi

Newborn baby tests positive for conoravirus

Umeh’s account of Peter Obi’s reelection: Setting the...

Ohanaeze demands immediate arrest of Sheikh Gumi

Insecurity: Ugwuanyi tasks newly sworn-in Administrators to foster...

Hoodlums kill Police Inspector, cut off his manhood...

El-Rufai’s Wife: I’m ready to die in the...

#RevolutionNow protest to resume August 19 - Organisers...

Bayelsa judgment: Supreme Court fines Afe Babalola, Olanipekun...

Breaking: New COVID-19 case confirmed in Enugu

Breaking: Many shot as officers foil attempted jailbreak...

UNN suspends 15 staff for alleged sexual offences...

 

Latest News 2023: Okorocha writes Senate, declares for Presidency ENUGU 2023: Why Nwobodo, Nnamani, Onyia support Nkanu-East 2023: Enugu Gov Ugwuanyi will choose successor - Sen Nnamani Reject report of Enugu Judicial Panel on Police Brutality, member urges Gov. Ugwuanyi Wife of popular hotel owner allegedly drugs, stabs him to death Police declare 21 wanted over murder of Anambra traditional ruler, abduction Ex-Kogi Poly Bursar, Dr. Adamu to be buried January 29 Infidelity: Gospel singer Sammie Okposo tenders public apology, suspends self from ministry Mercy Aigbe gives new husband three hot romantic names Fuel subsidy: NLC suspends planned nationwide protests Ebonyi govt declares fmr. Reps member wanted over statement on facebook 2023: Don’t elect people above 70 as president – Makinde warns Nigerians

 

Most Read Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (264,683 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (264,683 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (264,681 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (264,680 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (264,678 views) Sickle cell support group seeks government intervention (264,676 views) Ebonyi bans embalming of corpses in homes (264,676 views) I’ve no Coronavirus, govt wants to kill me – Anambra Index case (264,676 views) ASUU strike: Senate intervention ends in deadlock (257,469 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (256,385 views) All you need to know about Peter Obi, PDP VP Candidate (198,419 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (196,787 views)

 

 

SECTIONS FAITH (158) EDITORIAL (21) NEWS (7,874) POLITICS (499) SOCIETY (133) SPORTS (62) BUSINESS (376) HEALTH (60) EDUCATION (51) ENTERTAINMENT (58) INTERNATIONAL (188) TECHNOLOGY (6) COLUMNISTS (57) LETTERS (4) OPINION (42)

 

 


There are no video entries posted yet.