x

FIRS targets N5.9 trillion revenue in 2021

The Federal Inland Revenue Service (FIRS) said it has set N5.9 trillion revenue target for 2021.

Executive Chairman of the agency, Mohammed Nami, announced the target on Thursday while defending the service’s 2021 budget before the house of representatives committee on finance.

Mr Nami said the service generated N4.9 trillion in 2020 despite the nationwide lockdown occasioned by the COVID-19 pandemic.

The tax boss said N289 billion of the proposed budget has been earmarked for the operations of the service in 2021.

He announced that the service would not be recruiting new employees in 2021, adding that 60 percent of its workforce had been staying at home since the pandemic began.

Mr Nami explained that strategies have been put in place to enable electronic tax collection so as to enhance compliance with COVID-19 safety protocol adding that the FIRS would also deepen synergy with its state counterparts to generate more revenue for the country.

Hot this week

China And Nigeria Reaffirm Strategic Partnership at PRC’s 76th Anniversary Celebration

Nigeria and China have reaffirmed their commitment to strengthening...

Youth Activist Prince Miaphen Felicitates Defence Minister Mohammed Badaru at 63

By Israel Adamu, Jos Former President of the Plateau Youth...

PCRC Zone 4 Trains Members on Community Policing in Lafia

By Leo Zwanke, Lafia The Police Community Relations Committee (PCRC),...

Tinubu’s rapid development will make Abuja compete with World major world cities — Wike

By Joyce Remi-Babayeju ‎The FCT Minister , Barr. Nyesom Wike,...

10 Key Takeaways from Tinubu’s 65th Independence Day Broadcast

President Bola Ahmed Tinubu, in his Independence Day address...

NNPC Foundation Boosts Economy with Agricultural Intervention, Say Kano Farmers

By Jabiru Hassan Farmers in Kano State have commended the...

Kogi Boat Mishap: Death Toll Rises to 36, 40 Rescued

By Noah Ocheni, Lokoja The National Inland Waterways Authority (NIWA)...

Nigeria @65: Claims of Progress Are Deceptive – Activist Ukegbu

A social rights activist, Comrade Okechukwu Keshi Ukegbu, has...

Nigeria @65: Northern CAN Urges Hope, Calls on Leaders to Strengthen Nation-Building

By Achadu Gabriel, Kaduna The Christian Association of Nigeria (CAN),...

Group Presses Nasarawa Assembly for Speedy Passage of Climate Change Bill

y Leo Zwanke, Lafia The Nasarawa State Network on Environment...

PCRC Zone 4 Trains Members on Community Policing in Lafia

By Leo Zwanke, Lafia The Police Community Relations Committee (PCRC),...

Related Articles

Popular Categories

spot_imgspot_img