FIRS generated N8.5trn in 9 months – Nami

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The Federal Inland Revenue Service says it remitted N8.5 trillion into the federation account in mid-September 2023.

The former chairman of FIRS disclosed this on Monday while handing over to Zacch Adedeji.

He noted that N8.5 trillion was generated in revenue from tax from January 2023 to mid-September.

He said he has implemented reforms that have repositioned the operations of the FIRS in line with the mandate given to him when he took over in December 2019.

Nami pointed out that the FIRS has been able to boost government revenue to the extent that over 70 per cent of the funds shared during the monthly Federation Account Allocation Committee (FAAC) come from tax collection.

He added that the current administration has the agenda to optimise revenue by setting up a presidential fiscal Policy and Tax reforms committee.

DAILY POST recalls President Bola Ahmed Tinubu appointed Adedeji to chair FIRS last week.

FIRS generated over N10 trillion in 2022.

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