January 16, 2021

FIRS met 99% of its target, generates N4.178trn In 10 Months

The Federal Inland Revenue Service on Monday said as of the end of October this year, it had generated N4.178 trillion out of the target of N4.23 trillion for the same period.

Coordinating Director, Tax Operations Group of the FIRS, Mr Femi Oluwaniyi, disclosed this in Abuja during an interactive session the Executive Chairman of the Service had with editors and Abuja Bureau Chiefs of media organisations.

Oluwaniyi said the amount generated represented 99 percent of the target for the period.

He said the target for the whole year was N5.76 trillion.

He said despite the lockdown occasioned by the COVID-19 pandemic, the Service was able to generate N762bn between April and May, 2020.

Earlier, FIRS Executive Chairman Muhammad Nami, said out of the N6.16 trillion which the Federation Accounts Allocation Committee shared to the three tiers of government from January to October this year, the FIRS alone contributed N3.8 trillion.

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