FIRS to spend N11bn, N6.8bn on long-service awards, vehicles

FIRS to spend N11bn, N6.8bn on long-service awards, vehicles

The Federal Inland Revenue Service (FIRS) has budgeted N5,550,000,000 for the purchase of vehicles and N1,350,000,000.00 to maintain vehicles and transport equipment.

The revenue generating agency also plans to spend N11,070,000,000 on long-service awards this year.

These are parts of the N356.95 billion total appropriation details approved for the agency this fiscal year.

They are contained in the 2024 government-owned entities’ (GOE’s) budget proposal.

It said it would also spend N13,617,615,408 on welfare package as well as N4,599,450,000 on the purchase of computers, according to the budget document.

It stated that networking, communications or information technology infrastructure would gulp N3,715,524,465.10.

On power supply, the FIRS will spend N2,480,840,000 on purchasing power generating set, N2,700,000,000 on fueling plant/generator, and N1,260,000,000.00 on electricity charges in one year.

The FIRS also earmarked N15,222,000,000 on local grants and contributions to government-owned companies and N180,000,000 as grants to foreign international organisations.

A total of N10,200,415,000 was earmarked for local (N7,500,415,000) and international (N2,700,000,000) training.

In the budget, the FIRS plans to spend N4,500,000,000.00 on local travel and transport, while international travel and transport is expected to gulp N1,350,000,000.00.

The two arms of the national assembly passed the 2024 appropriation bill last week Saturday.