Executive Chairman, Federal Inland Revenue Service, Mr Babatunde Fowler The Federal Inland Revenue Service said it generated N12.62 trillion in revenue in the last three years.
News Agency of NigeriaThe breakdown of the amount showed that N3.3 trillion was generated in 2016, N4.02 trillion in 2017 and N5.32 trillion was realised in 2018, making it the highest revenue generated in the last three years.
According to the document, the FIRS under the leadership of Babatunde Fowler designed initiatives to ensure a robust taxThe organisation said non-oil tax revenue increased to N2.149 trillion in 2016, N2.5 trillion in 2017 and N2.852 trillion in 2018. The document quoted Fowler as saying, “the achievements mentioned above also demonstrates the diversification of the Nigerian“This does not mean that we have left behind the oil tax revenue. It grew from N1.15 trillion in 2016 to N1.52 trillion in 2017 and N2.52“We also do collect four per cent in terms of cost of the collection but only for non-oil revenue collected.
“Some of the ICT initiatives that we have continued to build on are the e-payment channels which makes it convenient and easy to pay taxes anywhere in the world and to also download receipts of payment from any point one so desires,” he said.
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