Business
FIRS targets N10.1trn revenue in 2022, says Nami
The Federal Inland Revenue Service (FIRS) has projected generating N10.1 trillion revenue for the 2022 financial year, according to its chairman, Muhammad Nami.
Nami stated this when he appeared before the House of Representatives Committee on Finance on Wednesday, in Abuja, at a public hearing by the committee on the 2022-2024 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
He said that the N10.1 trillion was the global figure projected to be generated and remitted to the Federal Government in 2022 by the FIRS, the agency responsible for assessing, collecting and accounting for tax and other revenues accruing to the Federal Government.
Rep James Faleke, the chairman of the committee, urged the FIRS management to put in the required determination, to ensure that the target was met.
He also commended the previous effort of the FIRS at ensuring that their revenue generation targets were met, while urging the service to strive to do more in its revenue generation mandate.
The lawmaker had earlier described the MTEF and FSP, with a three year plan, as a major feature of the annual budget preparation cycle, saying that it provided the basic estimates and assumptions for the annual budget.
Continue Reading
-
Football4 days agoAfrica breaks World Cup record with seven teams in knockout stage
-
Comments and Issues6 days agoNorway’s Rowing Celebration Captures The Spirit Of The World Cup
-
Latest1 week agoAlleged xenophobic attack claims life of Malawian street vendor in South Africa
-
Entertainment2 days agoActress Cossy Ojiakor shares flooded home as heavy rainfall wreaks havoc in Lagos
-
Energy6 days agoLeaked court documents allege Shell ignored pipeline safety warnings in Niger Delta
-
Football5 days agoNetherlands to face Morocco, Brazil draw Japan in 2026 World Cup round of 32
-
Energy1 week agoDangote Refinery denies claims of fuel round-tripping through Togo
-
Crime1 week agoFormer Kebbi APC chairman dies in bandits’ captivity