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Increased Revenue Generation: Our Sights set at Road Tax, N10tn prospect, says FIRS

Mohammed Nami, Executive Chairman of the Federal Inland Revenue Service (FIRS), has disclosed that the Service is working on a bill to introduce road taxes for users.

As contained in a Premium Times report, Mr Nami said the bill will include the use of electronic means to collect taxes from road users to enhance revenue drive.

He made the disclosure when he appeared before the House Committee on Finance at the interactive session on the Medium Term Expenditure Framework (MTEF) on Wednesday in Abuja.

According to Mr Nami, the agency will send the bill to the National Assembly for consideration and passage.

The Federal Executive Council (FEC) had last week approved the new road policy. The policy is aimed at reintroducing toll gates on Nigerian roads.

Mr Nami said though the Service is targeting N10 trillion for the entire federation in the 2022 fiscal year.

“Road tax is necessary because all over the world there is no way we would see people that will use roads for free,” Mr. Nami stated.

“So what we have decided to do is to propose the introduction of road taxes to the federal government through our special tax operations department so that at least 50 trucks that would be plying these roads for free at any given point in time, come across a toll gate or probably somewhere that we are going to use electronic devices to collect it without necessarily erecting toll gate.”

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