The Accountant-general of the Federation, Oluwatoyin Madein, has disclosed that revenue from taxes is currently the highest income source for the federal government.
She made this known in an address to the 26th Annual Tax Conference of the Chartered Institute of Taxation of Nigeria in Abuja, with the theme: Sustainable Tax Culture and Economic Roadmap for Nation Building.
Madein said it was therefore imperative for tax practitioners to work harder in getting more revenue from taxes.
According to her, based on the current high revenue from taxes, members of the Federation Accounts Allocation Committee always look forward to the figures from the Federal Inland Revenue Service every month, in order to have funds to share to the three tiers of government.
She further stated that like the CITN, the Office of the Accountant-General of the Federation is committed to a sustainable tax culture that will ensure the continuous flow of revenues even at an improved level.
The accountant-general tasked tax practitioners to step up efforts in collecting taxes, so as to shore up more revenue for the government to provide infrastructure and other amenities.
