FIRS Generated N10.04tr In 2022- Official

Stella Obiora, Tax Controller, Enugu Medium and Small Tax Office of the Federal Inland Revenue Services, FIRS,, has revealed that the organisation generated N10.04 trillion in 2022.

Obiora,  who represented by the Executive Chairman of the agency, Muhammed Nami, stated this in Enugu on Friday during their special day at the ongoing 34th Enugu International Trade Fair.

She said the management of the FIRS had absolute trust in the capabilities and far-reaching economic impact of the Enugu International Trade Fair.

Ms Obiora said that the FIRS as the top tax authority in Nigeria was saddled with the responsibility of assessing, collecting and accounting for all revenues collected on behalf of the Federal Government of Nigeria.

She, however, said that policy conception, formulation and execution without deliberate human capital development cannot lead to a sustained economic development.

Ms Obiora said that one of the four cardinal goals of the current management of the Service led, by Mr Nami, emphasised on rebuilding FIRS institutional frameworks.

“Our focus on building and strengthening human capacity has continuously improved our revenue collection year to year.

“In 2022, we collected N10.04 trillion. This underscores the efforts and capacity of our staff members.

“Beyond our focus on developing our human capital resources, it is obvious that revenue from oil which used to be the main source of government revenue is fast depleting and this has given rise to the need to look towards the non-oil revenue sources for a more sustainable way of raising income”, she added.