x

Revenue collection hits N4.3 trillion, says FIRS

By Jennifer Y Omiloli

Federal Inland Revenue Service (FIRS), yesterday disclosed that it had recorded a remarkable performance in terms of revenue collection this year, adding that, as at October 31st, it recorded a collection of N4.3 trillion in revenue.

Babatunde Fowler, the Executive Chairman, while speaking at the FIRS special day at the ongoing Lagos International Trade Fair, said the service had the potential to meet its assigned target at the end of the year.

“We realize that this performance wouldn’t have been possible but for the present administration’s policies of expanding the nation’s tax base and blocking revenue leakages. You may be aware that we have recently focused our attention on businesses with over a billion naira in annual turnover but no record of commensurate payment of their tax obligations; approximately 6000 plus of such companies have been identified and contacted by the Service leveraging on various data sources; we will continue to focus on recovering all such revenues due to the Federal Government and the people of Nigeria”

“We encourage the business community and all well-meaning citizens to continue to partner with us to ensure that defaulters are traced and face the consequences while compliant businesses receive all the support they require.”

“We place emphasis on human resources as one of several tools to achieve our aim of expanding the tax net- this is why we recently recruited young Nigerians to support our bid to effectively provide adequate services to all the nooks and crannies of the country”, he stated.

Hot this week

Bichi LG Renovates Schools, Hospitals for Quality Education, Healthcare Delivery — Council Boss

As part of Governor Abba Kabir Yusuf’s administration’s drive...

Chinese Embassy Marks 80th Anniversary of WWII Victory, Reaffirms Commitment to Peace

The Chinese Embassy in Nigeria on Thursday commemorated the...

Voter Registration: Northern CAN Urges Nigerians, Religious Leaders to Mobilise Members

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

Alleged Blasphemy: Woman Lynched, Burnt to Death in Niger Community

By Achadu Gabriel, Kaduna A restaurant operator identified as Amaye...

Tinubu Declares 9th National Youth Games Open in Delta

By Anne Azuka The 9th National Youth Games kicked off...

Southern Kaduna Youths Say Petition Blocked El-Rufai’s Ministerial Nomination

By Achadu Gabriel, Kaduna The Youth Wing of the Southern...

Ex- Guber Aspirant in Benue, petition Gov. Alia To Pope

Begs pontiff to save catholic church Former Gubernatorial candidate in...

59th Birthday: NCPC Lauds VP Shettima a Visionary Leader

By Joyce Remi-Babayeju The Executive Secretary of the Nigerian Christian...

El-Rufai Expected Tinubu to Marginalize Christians – Southern Kaduna Youths

By Achadu Gabriel, Kaduna The Youth Wing of the Southern...

El-Rufai Expected Tinubu to Marginalize Christians – Southern Kaduna Youths

By Achadu Gabriel, Kaduna The Youth Wing of the Southern...

FG Declares Friday, September 5, 2025, Public Holiday To Mark Eid-Ul-Mawlid

By Francis Wilfred  The Federal Government has declared Friday, 5th...

Edo Sports Commission Chairman Commends Delta on Hosting National Youth Games

By Anne Azuka The Executive Chairman of the Edo State...

Asaba NYG: 30 States Win Medals as Games Enter Day 7

By Anne Azuka The 9th National Youth Games (NYG) in...
spot_img

Related Articles

Popular Categories

spot_imgspot_img