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Home Street Gists

Federal Inland Revenue Service Budgets N1.4bn For Refreshment

Elizabeth by Elizabeth
March 15, 2021
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Federal Inland Revenue Service Budgets N1.4bn For Refreshment
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Civil society organisations have condemned the N1.4bn budget for meals and refreshments by the Federal Inland Revenue Service in the 2021 fiscal year. The groups, including Transparency International and the Human Rights Writers Association of Nigeria, accused the tax collecting agency of insensitivity and misplacement of priority.

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Executive Director, CISLAC and Head, Transparency International in Nigeria, Auwal Musa (Rafsanjani), expressed shock that such a huge amount could be set aside for frivolities at a time the nation’s economy was in dire straits. He said, “While the nation struggles hard to finance its budget, a significant proportion of the budget slips through mismanagement and reckless spending that intrinsically dominates public sector activities.

“It is more worrisome that the reckless spending has been normalised with resultant underfunded critical sector that is vital to efficiently revamp the sinking economic development.

“Given this background, the decision of Federal Inland Revenue Service to spend N1.4bn on meals and refreshment in 2021 is another irresponsible financial decision by a revenue institution preying on weak budgetary process and scrutiny, poor financial management system and inadequate legislative oversight activities associated with the public sector.

“It is more worrisome that despite the under-funded critical sector with increasingly cost of governance, FIRS has not devised appropriate tax justice system to ensure social-justice and equity in the utilisation of remittances to ensure citizens benefit maximally, but requesting a whopping sum to be lavished on irrelevant activities.

“We must be wary of reckless financial decisions that manifest in institutionalised mismanagement and revenue deficiency. This must be thoroughly checked by relevant authorities as common Nigerians are currently suffering from questionable mismanagement of public treasury and high cost of governance by successive administrations.”

He also said, “While efficient governance is about ensuring that each amount of public funds is spent judiciously in a way that social welfare of all the citizens is maximized, the current high cost of governance that permeates Nigeria’s public sector impedes socio-economic development and shows negative impact on macro-economic stability, job creation and other socio-economic activities that drive growth and development.”

Tags: Budgets N1.4bnFederal Inland Revenue ServiceNigeriaRefreshment
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Elizabeth

Elizabeth

Elizabeth Ayamolowo is a graduate of Business Management but with exceptional burning passion for writing, with dogged determination to find a good story and deliver it to the public. Fondly called Lizzy, is a great lover of music, food, fashion and everything beautiful. You're most welcome to my small Word

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