ByÂ Simon Ebegbulem & Gabriel Enogholase
BENINâ€”THE Executive Chairman of the Federal Inland Revenue Service (FIRS), Mrs Ifueko Omogui-Okarau, weekend stressed the need for an urgent review of the nationâ€™s allocation system, saying the prevailing Federal allocation system may not be helpful in the efforts to improve the economic growth of the nation.
Mrs Omogui-Okarau, who spoke to newsmen in Benin shortly after she was conferred an honorary Doctorate degree of Science in Business Administration byBenson Idahosa University, Benin City, pointed out that the review of the allocation must cut across all governments to have a standard allocation system in the country.
She lamented the several loopholes in the present allocation system, adding that such a situation would derail the developmental efforts of the Federal Government, particularly with regard to the accounting system in the Federal Ministry of Finance.
According to her, â€œwhat we are really working on is the review of the whole of the allocation system.
“I know the Revenue Mobilization has been working on federation account, when they made their submission. And part of our memorandum was that the allocation issue should go beyond the federation allocation account. It should also include how the entire accounts should be allocated.”
I am not focusing so much on the issue of alcohol, but so many issues as well, there is need to look at the whole allocation process.
â€œThe allocation system is not our responsibility and that is why I am saying that we have added to the voice, that there is a need to re-look at the allocation system. But it is the responsibility of the Ministry of Finance and the National Assembly.
So we are adding to the voiceâ€ she stated.
On what the FIRS is doing to improve taxation system in the country, Mrs Omogui-Okarau stated that â€œwe are focusing on the automation of the entire system in taxation.
That is a major mile stone and if we can get that right across the country, it will be a huge success for us and the nation as a whole.
â€œRight now we have an automated collection system but we do not have an automated assessment system. And ultimately if we do not automate that whole system there is going to be a mistake and you know the issues that has to do with human factor.
So we are working very seriously on that. The third area is the education on tax, and of course in the side of the staff it will enhance the capacity of staff, that is an area we are really focusing on and part of that is to ensure that we have enough staff. And also sensitize the public properly on the need to pay their taxes as at when dueâ€ she stated.