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The Federal Inland Revenue Service (FIRS) receives four percent of non-oil revenues; the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) gets four
Agora Policy recommends that these agencies should be funded through direct appropriations by the Federal Government rather than the current cost-of-collection model.
According to Agora Policy, exchange gain contributed N657.44bn or 28.26 per cent of gross FAAC revenue of N2.33tn.
Agora Policy, a think tank, says fiscal discipline is crucial for maximising benefits from the reforms of the federal government.
Kabir Adamu, MD of Beacon Consulting and Intelligence Limited, says the current police structure in the country needs to be enhanced.