FIRS: Presidency opens up on Fowler removal

The Presidency has said that Babatunde Fowler’s tenure as chairman of the Federal Inland Revenue Service (FIRS), was not renewed because of his inability to generate enough revenue for the country.

Fowler, whose term of office expired on December 9, 2019, was replaced by Muhammad Nami.

President Muhammadu Buhari’s Senior Special Assistant on Media, Garba Shehu, while speaking with journalists at the weekend in Abuja, also said that it was not wrong for the federal government to borrow more money to finance infrastructure in the country.

“It is not a scandal to borrow, the bad thing about borrowing is when you deployed it to your pocket. This has happened in the past in this country, President Buhari is borrowing to do railway, to do East-West expressway, to do second Niger bridge, to do Mabilla power, to do Abuja-Kano expressway, to do Ajaokuta-Abuja gas pipeline.

“These are projects that are beneficial to the economy, these are basic infrastructure projects – railway, power – without which this country cannot achieve development.

"So, if you ask me, from my own understanding, the problem we have in this country is the revenue issue. We have a revenue problem because we are unable to generate as much money as it is needed to do more capital infrastructure and also service debt.

“Because of the low revenue earnings, people look at the size of our debt repayment and they scream. But government is doing something about this and I’m happy you have seen the change that has happened in FIRS, give them a chance, let see how they would perform. Government is optimistic that things will look upward and the revenue will improve. And once there is inflow that is sufficient to do a lot of these things, we may not even need to borrow,” Shehu said.

Comments

Kenyan Law Court dismisses case of man seeking compensation after his wife eloped with another man from hospital

A lawsuit filed by a man seeking to be compensated by St Mary's Mission Hospital in Kenya for allowing his wife to leave the hospital with another man after giving birth, has been struck out by a law court. The appellant had sued the St. Mary's Mission hospital at Kakamega law courts in 2020 seeking general damages from the facility on grounds that the hospital had discharged his wife and allowed her to leave with another man. After delivering and at the time of discharge, the wife of the appellant claimed he was the baby's father. The court of appeal judges Patrick Kiage, Mumbi Ngugi and Francis Tuiyott sitting at the Kisumu Court of Appeal, empathized with the man, but disagreed that he (the appellant) be compensated by the hospital for not detaining his wife. They upheld the lower court's judgement which added that there's no remedy that lies in the law for such grievances. Kiage said; "I agree that if a man takes the woman he loves to t...

Hurricane Hits Texas, One Person Reported Dead

Hurricane Harvey hit Texas as a Category 4 storm on Friday, battering the coast with 130-mph winds and torrential rain. It was the strongest hurricane to hit the United States in more than a decade leaving a massive destruction, loss of electricity, wrecked buildings and has so far killed at least one person. Scroll down to see more pictures of the incident:

Floyd Mayweather backs out of fight with 20-year-old kickboxer after receiving bashing from 50 Cent and others

American professional boxer, Floyd Mayweather, has dramatically made a U-Turn and won't be fighting 20-year-old Japanese kickboxer,Tenshin Nasukawa anymore for his comeback fight. The 41-year-old had initially confirmed the bout for 31st of December 2018 during a press conference which took place on Sunday night in Tokyo. It was also understood that he revealed that he signed with Japanese mixed martial arts promotions company RIZIN Fighting Federation. After the announcement, his enemies, 50 Cent, Conor McGregor and many others blasted him for agreeing to fight a younger kickboxer. Taking to his Instagram account this night, Mayweather denied he agreed to an official bout with Tenshin Nasukawa. He wrote: Now that I am back on U.S. soil after a long and disappointing trip to Tokyo, I now have the time to address you, my fans and the media in regard to the upcoming event on December 31st that was recently announced. First and foremost, I want it to be clear that I, F...

BAMY BLOG

Search This Blog