Former President Olusegun Obasanjo has given an insight into what the Federal and state governments should do to overcome the prevailing economic hardship buffeting the country and the citizens. Obasanjo said when “times are hard” such as the one the nation contends with today, governments must not only increase the Internally Generated Revenue (IGR), but also endeavour to shrink their sizes and “reduce waste.”
The ex – President spoke in Abeokuta, the Ogun state capital, when the management of the Joint Tax Board(JTB) led by the Chairman of the Federal Inland Revenue Service(FIRS), Babatunde Fowler, visited him at his residence on Presidential Hilltop Estate, Abeokuta, on Tuesday. Also in the visitation team of the management of the JTB, includes Chairmen of 36 states Internal Revenue Services, representatives of the Revenue Mobilisation and Fiscal Allocation Commission (RMFAC), the Nigerian Customs Service and the Immigration Service.
Obasanjo who suggested that governments should become “slimmer” and also merge or rationalise their institutions that have continued to exist separately in order to be cope with the challenges economic downturn.