FIRS rakes in N8tr tax in eight months
By Patience Ikpeme
The Federal Inland Revenue Service (FIRS) has collected over N8 trillion in just eight months.
The disclosure was made by former Executive Chairman of the FIRS Mr Muhammad Nami as part of his farewell speech.
Nami expressed confidence that the FIRS will set a new record of at least N13 trillion tax revenue by the end of the tax year 2023.
The former FIRS boss reiterated a previous promise made during the inauguration of the Board Members of the Service to increase the Tax-To-GDP ratio of the country from 6% to 10% within a four-year period.
“We already have achieved a Tax-to-GDP ratio of 10.86% within two years (i.e. as at 31st December 2021) he said.
This promise he noted indicates his commitment to driving tax collection efforts and increasing revenue generation for the country.
Overall, Nami expressed his pride in his team’s accomplishments and their determination to continue achieving even more in terms of tax collection.
According to him, “I can, therefore, say that I am leaving as a fulfilled man knowing that I have served diligently. I am equally leaving a Service that is built on world-class best practices. Indeed, it couldn’t have been more fulfilling.
“I implore the staff, taxpayers, and Nigerians to extend the same measure of cooperation to the incoming Executive Chairman, Mr. Zacch Adedeji, to enable him to succeed.
“Tax collection is a sensitive matter that requires all hands on deck to achieve” he stated.
Nami said he was grateful to former President Muhammadu Buhari and current President Bola Ahmed Tinubu “for the opportunity given to me to serve the country and humanity as the Executive Chairman of the Federal Inland Revenue Service (FIRS) for almost four years”.
