Babatunde fowler latest news
Babatunde Fowler is a Nigerian accountant and former Chairman of the Federal Inland Revenue Service (FIRS). Here are some of the latest news and updates about him:
- Resignation as FIRS Chairman: Babatunde Fowler resigned as the Chairman of the Federal Inland Revenue Service (FIRS) in June 2019, after serving in the position for five years.
- New Appointment: In July 2019, Fowler was appointed as the Chairman of the National Sugar Development Fund (NSDF), a position he is still holding.
- Tax Reforms: During his tenure as FIRS Chairman, Fowler implemented several tax reforms aimed at increasing tax revenue and improving tax administration in Nigeria. These reforms included the introduction of the Voluntary Assets and Income Declaration Scheme (VAIDS) and the implementation of the Tax Identification Number (TIN) system.
- Tax Revenue Growth: Under Fowler's leadership, FIRS recorded significant growth in tax revenue, with the agency collecting over N5 trillion in taxes in 2018, a 20% increase from the previous year.
- Awards and Recognition: Fowler has received several awards and recognition for his contributions to tax administration and economic development in Nigeria. In 2019, he was awarded the "Tax Administrator of the Year" by the Nigerian Institute of Chartered Accountants (NICAN).
- Controversies: Fowler's tenure as FIRS Chairman was not without controversy. He faced criticism for the agency's handling of tax disputes and the perceived lack of transparency in tax collection and allocation.
- Post-FIRS Life: Since leaving FIRS, Fowler has been involved in various business and philanthropic activities. He has also been involved in advocacy for tax reform and economic development in Nigeria.
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