The Federal Inland Revenue Service (FIRS) has generated N10.1 trillion as revenue for the 2022 fiscal year, the highest revenue ever from any government owned enterprise (GOE) in history.
This was disclosed by Muhammad Nami, the chairman of the FIRS, Monday in an interview with journalists in Abuja.
FIRS had targeted N10.4 trillion revenue and what was generated was a little below the target for the agency by the federal government in 2022.
Mr Nami, however, explained that over N1.4 trillion was lost to federal government’s tax waivers for some agencies in the year under otherwise the agency would have surpassed the 2022 target if the waivers were collected and added into the federation account.
He, therefore, appealed to the federal, State and local governments to rightly apply the revenues being generated by the revenue agency to critical sectors impact on the generality of the people.
“We appeal to the three tiers of government to continue to apply the little revenues we generate judiciously to encourage taxpayers to pay more,” he stated.
“If you operate multiple tax system, you will make it possible for taxpayers to dodge paying taxes.
“With a single tax authority, you are able to harmonise operations, tax issues and make it easy for tax payers to pay taxes,” Nami stated
