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

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.

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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.”