The Federal Inland Revenue Service (FIRS) said it collected over N10 trillion in tax revenue in 2022, the highest ever recorded by the service. The Service made this known in the FIRS 2022 Performance Update signed by its Executive Chairman, Muhammad Nami...
The Federal Inland Revenue Service said it collected over N10 trillion in tax revenue in 2022, the highest ever recorded by the service. The Service made this known in the FIRS 2022 Performance Update signed by its Executive Chairman, Muhammad Nami, and released to the public on Monday, after his briefing with President Muhammadu Buhari.
“Non-oil taxes contributed 59 per cent of the total collection in the year, while oil tax collection stood at 41 per cent of the total collection,” the report noted. Providing perspective to this unprecedented tax collection, the FIRS noted the Muhammad Nami-led management came up with a four-point focus –administrative and operational restructuring, making the service customer-focused, creating a data-centric institution and automation of administrative as well as operational processes.
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