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Nairaland Forum / Nairaland / General / Politics / FIRS Earns N2.7tr Revenue In 9 Months – Fowler (2059 Views)
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FIRS Earns N2.7tr Revenue In 9 Months – Fowler by Islie: 10:17am On Nov 04, 2016 |
The Federal Inland Revenue Service (FIRS) said it has generated N2.7trn revenue from oil and non-oil sources as at September 2016 which represents 81 percent of the third quarter cumulative target of 3.12tr in the 2016 budget. http://www.dailytrust.com.ng/news/business/firs-earns-n2-7tr-revenue-in-9-months-fowler/170060.html lalasticlala |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by yeyeboi(m): 10:18am On Nov 04, 2016 |
Ok |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by agwom(m): 10:23am On Nov 04, 2016 |
K |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by freeze001(f): 10:24am On Nov 04, 2016 |
With all of these, exactly why do we need to borrow more external funds? Is there a breakdown somewhere of the collation, application and disbursement of our IGR? Have all available human and natural resources been exploited? Is it out of place to implement strict regional and fiscal restructuring to further open up more fronts of simultaneous development in line with the pace and dictates of the people? ![]() ![]() 1 Like |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by VampireeM(f): 10:51am On Nov 04, 2016 |
With all these monies we have been reading online daily, PMB still wants to borrow billions of dollars?? Abi all these revenues are generated on paper alone and not reality... PMB and his team are terrible managers and incompetent. No capital project commissioned this year o and its almost over.. 2 Likes |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by Paperwhite(m): 11:02am On Nov 04, 2016 |
Yet |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by obailala(m): 11:55am On Nov 04, 2016 |
freeze001: VampireeM:This is just a fraction of the revenue anticipated in the 2016 budget; of which most of these even goes to paying salaries. 5 Likes 1 Share |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by Izonpikin: 12:03pm On Nov 04, 2016 |
obailala: ![]() ![]() ![]() we need more revenue streams... wey our economics minister sef... make them epp baba think ooo... 1 Like |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by richidinho(m): 12:07pm On Nov 04, 2016 |
obailala: Did Buhari govt increase the wage bill? If No Where did the extra money go to Also the one realized from Merging of ministries |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by freeze001(f): 12:10pm On Nov 04, 2016 |
obailala: These were my questions : With all of these, exactly why do we need to borrow more external funds? Is there a breakdown somewhere of the collation, application and disbursement of our IGR? Have all available human and natural resources been exploited? Is it out of place to implement strict regional and fiscal restructuring to further open up more fronts of simultaneous development in line with the pace and dictates of the people? Do u have access to the information needed to answer my questions? Have u analysed them and weighed them along income, expenditure and savings? If yes, can we see them too? If no, then stop being a zombie and throwing out this distasteful, one-size-fits-all answer u just regurgitated up there to justify nonsense. That is why they are being asked to provide details of what the hell they need that much money for and whether it is absolutely impossible to open up internal avenues of revenue generation. Talking of salaries, how much is the annual wage bill of the FG? Adeosun put it at about #145 billion per month so that's not up to 2 trillion a year. http://thenationonlineng.net/finance-ministry-uncovers-33000-ghost-workers/ Mind that the money that is the subject of this thread is just from one agency-FIRS. What about revenue from other agencies like the NPA, NNPC, FRSC, Customs and loads of others? 4 Likes 1 Share |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by obailala(m): 12:16pm On Nov 04, 2016 |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by Nobody: 10:06pm On Nov 04, 2016 |
freeze001:Hmmm 1 Like |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by TimeManager(m): 10:34pm On Nov 04, 2016 |
Breaking News; I have been banned until 2026!. This is absolutely ridiculous in every sense of the word. Kiss the truth! |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by kings09(m): 10:39pm On Nov 04, 2016 |
Beta tell Buhari b4 he goes to borrow money wey we no send am ![]() |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by TimeManager(m): 10:45pm On Nov 04, 2016 |
richidinho:If you had managed a shop, maybe, just maybe you would have understood the complexities of managing an economy like ours, but pardon me for asking too much of you. For the records, merging ministries do not translate into revenue generating rather cost saving & effectiveness. Pls talk with q-wail-ity. Kiss the truth! 3 Likes |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by TimeManager(m): 10:48pm On Nov 04, 2016 |
asuustrike2009:you need forgiveness. Beg the ring! |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by TimeManager(m): 11:03pm On Nov 04, 2016 |
freeze001:Do you realise that the FG doesn't have these agencies in her pockets?. Have you ever heard of words like "federation Account"?. Do you know monies accrued are shared on a monthly basis?. The best way to think is to stop wailing. Kiss the truth! 5 Likes |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by Nobody: 11:12pm On Nov 04, 2016 |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by freeze001(f): 12:40am On Nov 05, 2016 |
TimeManager: Read ur post again and judge for yourself whether u make any lick of sense. |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by 989900D: 4:28am On Nov 05, 2016 |
[s]On the controversial communications tax bill which continues generate a debate, he said; “If you look at it the world over a lot of countries have similar taxes. It is a tax that you incur based on your consumption. If you don’t have the wealth to talk for one hour then you won’t be taxed on that amount, but if you have the ability to have extensive discussions, then that also assumes that you have the ability to pay the additional tax,” he explained[/s]. Absolute crap. Nonsense. Good work on the increased revenue though, especially the non-oil. 1 Like |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by Siberia101: 4:36am On Nov 05, 2016 |
Where are VampireeM: All monies are used in clearing Grasses by the SGF
|
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by Sibrah: 4:38am On Nov 05, 2016 |
But N2T is a lot of money oh . . . |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by TimeManager(m): 6:19am On Nov 05, 2016 |
989900D:I agree with you absolutely. What happens to the poor & vulnerable?,aren't they supposed to be protected? 9℅ with existing multiple taxation is a murder. He's only being stupid trying to say that the longer you talk, determines your wealth. Kiss the truth! 1 Like |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by Nobody: 6:30am On Nov 05, 2016 |
obailala:Add this to the revenues from Customs, Oil exports, recovered funds and the supposed monnies saved by TSA and you are the one we should be asking questions. Remember we are supposed to be operating a zero budget, it's obvious the government officials don't understand fully what that means. They just saw a fancy economics term and bandied it about to delude their zombies |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by TimeManager(m): 6:41am On Nov 05, 2016 |
freeze001:Read your own comments again & tell me who has a less than a lick. You listed revenue-generating agencies as sufficient means to fund FG's activities. However, my point being that those agencies do not purely serve the FG rather the federation, which simply means the FG finds other ways to fund her budget, hence borrowing being one of such. Kiss the truth! |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by TimeManager(m): 6:45am On Nov 05, 2016 |
VampireeM:You need forgiveness. You need the ring! |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by TimeManager(m): 6:56am On Nov 05, 2016 |
sapiosexual1:you talk as though the monies solely belongs to the FG, where do you put the states?. Moreover, a zero based budget is not immune to borrowing. By the way, zero budgeting kicks off by next year. You don't always have to make it this easy to recognise a wailer. Kiss the truth! 3 Likes |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by Nobody: 7:05am On Nov 05, 2016 |
TimeManager:Just like your patrons and tin gods, you guys always shift the goal post midway into the game. Which campaign promise and post election policy hasn't ur masters shifted or upturned? It's November already, few weeks to the end of the legislative year, MTF hasn't even been approved let alone budget presentation .Matter of factly, a structureless MTF was pushed to the NASS so we don't even know the financial framework and if it captures zero based budgeting. The handwriting is on the wall about the failure of next year's budget. Next you would tell us is that zero budgeting was not actually supposed to be. It isn't difficult to be a zombie, is it? All you need to do is fail to read between the lines and act like a dunce whenever matters you self-service on are being discussed. 2 Likes |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by TimeManager(m): 7:27am On Nov 05, 2016 |
sapiosexual1:You need to beg the ring for forgiveness. The argument surrounding the MTF is purely technical which the handlers would provide comprehensive details soon enough. Therefore any form of skepticism is but nonsensical. It's rather too early to wail on that bill. Beg for forgiveness, Beg the ring! 2 Likes |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by freeze001(f): 8:56am On Nov 05, 2016 |
TimeManager: Like I said, you should have read and properly understood my entire post before jumping in. Yes, I listed some revenue generating but the entire post was designed to make it clear that there's way more internal alternatives to be exploited which haven't been harnessed even before borrowing which should be a last resort especially considering where we're at right now. There's more than just revenue generating agencies in my post, I'd have advised u go try reading through again but it's obviously a lost cause cos you're stuck on some zombie diet. Other posters clearly comprehend so u don't really count. 1 Like |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by TimeManager(m): 9:19am On Nov 05, 2016 |
freeze001:You talked about IGR, but need I remind you that the more IGR, the more it's shared among the states on a monthly. considering FG's obligations among others You pointed out Fiscal federalism; do you also know that it'd require aconstitutional amendment?, do we have the luxury as we speak?. The surest alternative is borrowing as long as we depend on oil. You need forgiveness, Beg the ring! 1 Like |
Re: FIRS Earns N2.7tr Revenue In 9 Months – Fowler by DropShot: 9:23am On Nov 05, 2016 |
richidinho:Which extra money? Did you read and understand the report? In all, our forecast earnings have actually dropped as a result of bombing of crude facilities. 1 Like 1 Share |
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