[OPINION BY TOPE FASUA] FIRS N10.1trn collection: Major matters arising | TheCable
be captured – must be commended on their unprecedented and superlative achievement of N10.1 Trillion collection for the year 2022. Honestly, in our country, replete with bad news, this is one news that gladdened my heart and for which I have heard or read little commentary since announced. The Muhammad Nami-led service bested itself in a performance that is also reflective of the ongoing economic recovery, after the second slump due to COVID-19 under President Buhari’s leadership since 2015.
Let us do a quick rundown of our revenue performance over the years since the year 2000. In that year as the civilians settled into government, the FIRS collected a total of N455 billion across the board. By 2001, this increased to N587 billion. In 2002, collections dipped to N434 billion. But in 2003, 2004, 2005, and 2006, the numbers increased to N703 billion, N1.19 Trillion, N1.7 Trillion and N1.87 Trillion respectively, before we saw another slight dip in 2007 to N1.85 Trillion.
“We would have actually done better, but for several issues, some of which are political and very sensitive to discuss in the public domain… But the most important one is distractions from certain interests within the federal government itself and the sub-nationals or people who want to do what FIRS is doing – in other words, those that want to perform the statutory functions of FIRS of assessing, collecting, and accounting for taxes in Nigeria… These are not just mere issues but people...
I totally agree with Nami. The dysfunction in the current administration is very sad to watch. Who knows how many billions Nigerian masses lost to some fat cat somewhere as a result of infighting? Nami also stated briefly that N1.8 Trillion of waivers under several arrangements, were granted in the year.Flowing from 3 above, it will be good for government to have a relook at the system of waivers because this nation – with a huge debt overhang – can ill afford them.
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