Chairman, Federal Inland Revenue Service, FIRS, Muhammad Nami, said the service collected N7.5 trillion taxes in 2022 and also surpassed the Education Tax, ET, fund target for the year with N4 billion. Nami stated this during 2022 Tertiary Education Fund, TETFUND/FIRS joint interactive forum in Kano.
Between January to September 2022, FIRS has collected N7.5 trillion which is a significant improvement on the total collection of N6.4 trillion for the entire 2021. Non-oil taxes accounted for N4.3trillion while petroleum profits tax accounted for N3.1 trillion. It is clear that the reforms undertaken since 2020 have started yielding the desired results.
The FIRS boss added that the service “is not relenting it effort towards achieving the N500 billion Education Tax fund annually target by the TETFUND.”.
