FG being urged to tax more Nigerians inorder to be able to fund the budget.

   According to BudgIT, a non-government organisation that specialises in analysing federal, state and local government budgets, the Federal Government should explore all available revenue-generating sources if it must actualise the N6tn 2016 Appropriation Bill.

    In a statement by the team Leader and Co-founder of BudgIT, Mr. Oluseun Onigbinde;

 “The government needs to drive efficiency and it should start with the revenue-generating agencies, particularly the FIRS (Federal Inland Revenue Service). It needs to also make sure that every Nigerian has an identity, for how do you capture or collect taxes without identifying the citizens of your country?

“They need to make everybody have a tax or an identity number. After we have all that, then we can now start to talk about borrowing money. So, it is possible to generate enough revenue to fund the budget from taxation. Of course, it is not something that can be done overnight. But there has to be an existing structure. We need to get the progressive structures in place because tax ensures income distribution mechanism.”