Muhammad Nami: The new Boss of Federal Inland Revenue Service FIRS

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The Nigerian government has appointed Muhammad Nami as the new chairman of the country’s revenue-generating agency, Federal Inland Revenue Service.

Muhammad Nami, a tax consultant, will replace Babatunde Fowler, whose 5-year tenure expired on Monday, December 9, 2019. His appointment is still subject to Nigerian Senate confirmation.

President Muhammadu Buhari in a handshake with Alh Mohammed Nami during the Inauguration of Audit Committee on Recoveries at the State House in Abuja, November 2017.
President Muhammadu Buhari in a handshake with Alh Muhammad Nami during the Inauguration of Audit Committee on Recoveries at the State House in Abuja, November 2017.

In a statement on Monday, the presidency described “Mr. Muhammad, a well-trained tax, accounting, and management professional with highly rated qualifications and professional practice and licenses from relevant professional bodies, has almost three decades of practical work experience in Auditing, Tax Management and Advisory and Management services to clients in the banking, manufacturing, services and public sectors as well as non-profit organisations.

The statement added that President Muhammadu Buhari also approved the composition of the board of the revenue agency.

Brief profile about Muhammad Nami, the new FIRS Boss

  • Nami graduated Bayero University Kano and Ahmadu Bello University, Zaria where he obtained a Bachelor’s Degree in Sociology (1991) and a Masters of Business degree (2004) respectively.
  • He is a fellow of Chartered Institute of Taxation of Nigeria, Institute of Debt Recovery Practitioners of Nigeria and Associate Member of Nigerian Institute of Management (Chartered) and Association of National Accountants of Nigeria.
  • In 2017, he was appointedby President Buhari as a member of the Audit Committee on Recoveries – a committee set up to recover loot in Nigeria. As of September 2018, the committee said it had recovered about $2 billion.
  • He started his career with PFK, a subsidiary of PKF International Limited, in 1993 and rose to the position of a senior Consultant in charge of Tax management and advisory services.
  • Until his appointment, he was the managing consultant of Manam Professional Services (Chartered Tax Practitioners and Business Advisers) based in Kaduna, Abuja, Niger States.
FIRS tax collection records
FIRS tax collection records

With this appointment, Nami will step into the shoes of Fowler, controlling a revenue agency that has witnessed revenue shortfalls for the country since the inception of the Buhari-led government in 2015.

Four months ago, the government queried Fowler, over dwindling tax revenue and asked him to account for significant variances in the budgeted collections and actual collections by the agency. For this year, the agency projected N8 trillion collections for 2019.

At different fora, the IMF and other international organisations have advised the government to increase its revenue sources to close a huge fiscal gap, rising debt level, and improve on infrastructural decay.

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Chila Andrew Aondofa

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One thought on “Muhammad Nami: The new Boss of Federal Inland Revenue Service FIRS

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