Nami: FIRS Raked in Unprecedented N10.1tn Tax Revenues in 2022 •Oil, non-oil taxes contributed 41%, 59%, respectively •N1.81 trillion in tax waivers impinged on collections •Laments political interests,
•N1.81 trillion in tax waivers impinged on collections•Buhari hails achievementExecutive Chairman of Federal Inland Revenue Service , Mr. Muhammad Nami, yesterday, disclosed that N10.1 trillion was generated as tax revenues by the service in 2022.
He said, “We would have actually done better, but for several issues, some of which are political and very sensitive to discuss in the public domain. Nami urged the three tiers of government to apply the funds generated by the service to critical sectors of the economy in order to “give value back to taxpayers as far as their monies are concerned”.
Nami argued that a multiple tax system would only help people to dodge tax payments, stressing that harmonisation would help boost tax receipts in the interest of the economy. Nami further attributed the historic tax performance to the “dogged implementation of strategic reforms over the past two years; a renewed commitment by officers of the service, accompanied with a boosted morale, as well as the innovative deployment of technology for automation of both tax administration and operational processes.”
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