The President, Professional Shareholders Association of Nigeria, Godwin Anono, on Thursday said the focus of the federal tax agency should be on increasing tax revenue from the informal sector.
He told newsmen in Lagos that Nigeria’s revenue would swell astronomically if more focus was given to derive tax income from the informal sector.
Anono said this against the backdrop of the appointment of the new Executive Chairman for the Federal Inland Revenue Service(FIRS) Babatunde Fowler, by President Muhammadu Buhari.
Fowler was the former Chief Executive Officer/Executive Chairman of the Lagos State Board of Internal Revenue (LIRS) and replaces Samuel Odugbesan as the new FIRS boss.
He said that Fowler’s appointment was timely considering that Nigeria’s revenue earnings could not adequately address the economic challenges under the difficulty that confronted the nation.