Nigeria’s Tax Agency, FIRS, Said it Generated Historic N10.1trn Revenue in 2022

The Federal Inland Revenue Service (FIRS) said it generated N10.1 trillion in 2022, a record revenue for the agency and the highest in Nigeria’s tax history. The groundbreaking tax revenue was announced by the Service through the “FIRS 2022 Performance Update” report signed by its Executive Chairman Muhammad Nami. The report, which was released on Monday following Nami’s briefing with President Muhammadu Buhari, said non-oil tax contributed 59% more to the revenue generated by the FIRS. “The FIRS, in the year 2022 collected a total of N10.1 trillion in both oil (N4.09 trillion) and non-oil (N5.96 trillion) revenues as against … Continue reading Nigeria’s Tax Agency, FIRS, Said it Generated Historic N10.1trn Revenue in 2022