RMAFC, FIRS to Assist States Raise Revenue

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Okon Bassey in Uyo

Concerned about the economic status of states, two federal agencies, the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) and the Federal Inland Revenue Service (FIRS) have moved in to assist States on how to raise their revenue

During a separate visit to the Akwa Ibom State Commissioner for Finance, Akan Okon, both agencies stressed that the federal government was worried about the dwindling economic situation, which has taken a toll on the finances of the federal and State governments.

The leader of the FIRS delegation, Mr. Innocent Ohagwu, told the Akwa Ibom State Finance Commissioner that the team was in the state to see how to work hand in hand with the state government to step up revenue generation in view of the present economic situation in Nigeria.

He sued for constructive partnership that would yield mutual benefits for both parties, especially in the achievement of revenue targets, while also praying for a comprehensive audit assessment that would aid the remittance of taxes due to the federal government.

On its part, RMAFC said the visit of members of the team was to familiarize themselves with the State Ministry of Finance and also synergise to create ideas that could bolster fiscal efficiency, as well as effectiveness in revenue mobilization.

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