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FIRS Tax Revenues

FIRS Generates 4.3 trillion in Tax Revenues

The Federal Inland Revenue Service (FIRS) said that it has generated 4.3 trillion naira in revenues from January to October 2018.

This was disclosed on Friday by the Executive Chairman of FIRS Babatunde Fowler during the “Federal Inland Revenue Service Special Day” at the ongoing Lagos International Trade Fair held at Tafawa Balewa Square.
Tunde Fowler who was at the Fair by Mrs Angel Fadahunsi, FIRS South West Head, Federal Engagement and Enlightenment Tax Team, Fowler expressed optimism that the service would meet up with its 2018 revenue target before the end of the year.

“I am pleased to inform you today that the FIRS has recorded remarkable performance in terms of revenue collection this year.”

“For instance, as at October 31st, our collection was N4.3 trillion and we believe we have the potential to meet our assigned target at the end of the year.”

“We realised that this performance would not have been possible but for the present administration’s policy of expanding the nation’s tax base and blocking revenue leakages,” he said.

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