FIRS To Generate N10.1trillion In 2022

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The Federal Inland Revenue Service, FIRS, has projected a N10.1 trillion income for the 2022 financial year.

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Mr. Muhammad Nami, chairman of the agency, disclosed this when he appeared before the House of Representatives Committee on Finance yesterday at a public hearing by the committee on the 2022-2024 Medium Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP.

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The FIRS boss said that the N10.1 trillion was the global figure projected to be generated and remitted to the Federal Government in 2022.

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The FIRS is responsible for assessing, collecting and accounting for tax and other revenues accruing to the Federal Government.

James Faleke, chairman of the House Committee, urged the FIRS management to put in the required determination, to ensure that the target was met.

He lauded FIRS for ensuring that previous revenue generation targets were met and urged the agency to improve on its mandate.

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