Categories: Business

FIRS collects N6.4 trillion as taxes in 2021 — Executive Chairman

The Federal Inland Revenue Service collected about N6.4 trillion as taxes in 2021.

The Chairman, Muhammad Nami, gave the figure at a public presentation and breakdown of the 2022 Appropriation Act.

At the event in Abuja on Wednesday, Nami said: “We collected more than 70 per cent of the target set for 2021 with the help of technology and I assure Nigeria that we will do better in 2022.

“The figures will be fully published soon.”

Nami added that technology helped to access taxpayers’ records and to exchange locally and internationally.

Meanwhile, the Group Managing Director of the Nigerian National Petroleum Corporation Limited, Mele Kyari, says the country now produces 1.74 million barrels of crude oil per day.

READ ALSO:

Kyari said” “Three months ago, we came down to 1.5 million barrels per day because of security issues and we are responding to it.

“As at today, production has increased to 1.74 million barrels per day and there are ongoing interventions to better the situation on security.

“The expectations are that within the month, we will get to 1.8 million barrels per day and exceed the limit within the year.”

In his remarks, the Chairman, Senate Committee on Finance, Senator Olamilekan Adeola, noted that there were challenges in revenue collection, but harder work would make the situation to improve.

Adeola said: “We are rewriting history by trying to return the government’s budget calendar to January and December and every December we ensure that the budget for the following year is passed by the president and we have achieved this for three years.

“This is a laudable achievement under this administration.”

The Eagle
Trends Admin

Recent Posts

Lagos to shut Independence Bridge-Marina road for two months, divert traffic

Lagos to shut Independence Bridge-Marina road for two months, divert traffic   Lagos State Government…

7 hours ago

Romanian university offers fully funded scholarships to non-EU and non-EEA students for 2025

Romanian university offers fully funded scholarships to non-EU and non-EEA students for 2025 Transylvania University…

8 hours ago

Ex-England star John Fashanu sues police for £100k after arrest in Nigeria

Ex-England star John Fashanu sues police for £100k after arrest in Nigeria Former England international John Fashanu…

8 hours ago

EPL: Merino header gives Arsenal slim win over Chelsea

EPL: Merino header gives Arsenal slim win over Chelsea Chelsea’s challenge for a place in…

8 hours ago

DSS, NIA probe Natasha Akpoti’s attendance at IPU meeting

DSS, NIA probe Natasha Akpoti's attendance at IPU meeting Nigeria’s security and intelligence agencies have…

9 hours ago

Why we awarded Lagos-Calabar coastal highway project to Hitech – Dave Umahi

Why we awarded Lagos-Calabar coastal highway project to Hitech – Dave Umahi The Federal Government has explained why…

9 hours ago