The Nigerian
Senate has rejected a report of its committee on finance on the 2016 budget of
the Federal Inland Revenue Service (FIRS).
The Senate
rejected the budget proposal after going through the recommendations made by
its Finance Committee.
Lawmakers
frowned at the increase of 25 billion Naira in personnel cost while the
overhead cost of the agency also rose by 13 billion Naira.
the Senate
also wondered why the figures drastically increased in the space of one year.
Another
lawmaker, Senator Barau Jubril, expressed concern at the shortfall in the FIRS’
revenue projection for 2015.
According to
the report by the Finance Committee, the FIRS had a revenue projection of 4.36
trillion Naira for 2015 but generated 3.7 trillion Naira.
The Senate
ordered its Finance Committee to withdraw the document and told the members of
the committee to properly tidy up a number of issues raised concerning it and
return it in one week.
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