A Presidential Advisory Council has advised President Bola Ahmed Tinubu to merge the Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), and the Nigerian Maritime Administration and Safety Agency (NIMASA) into the Nigerian Revenue Service (NRS)
The council wants the proposed Nigerian Revenue Service to be responsible for collecting all direct and indirect taxes, as well as levies on behalf of the Federal Government.
Members of the council are Senator Tokunbo Abiru, Sumaila Zubairu, Doris Anite and Yemi Cardoso.
The advise was contained in a document that focuses on fiscal and monetary policies, industry, trade and capital market reforms.
It also emphasised that changes in the Central Bank of Nigeria (CBN) and temporary increases in fiscal circuit breakers, would help achieve a GDP growth of one trillion naira and create over 50 million jobs in eight years.