ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Ley Your Dreams Come Alive – With FCMB Loans
Home National

FIRS generates N4.3trn tax revenue from Jan to Oct — Fowler

9th November 2018
in National
0
firs
0
SHARES
946
VIEWS
Share on FacebookShare on Twitter

NAN

The Federal Inland Revenue Service (FIRS) on Friday said it generated N4.3 trillion as tax revenue between January and October this year.

FIRS Executive Chairman, Babatunde Fowler, disclosed this during the “Federal Inland Revenue Service Special Day” at the ongoing Lagos International Trade Fair held at Tafawa Balewa Square.

Represented by Mrs Angel Fadahunsi, FIRS South West Head, Federal Engagement and Enlightenment Tax Team, Fowler expressed optimism that the service would meet up with its 2018 revenue target before the end of the year.

“I am pleased to inform you today that the FIRS has recorded remarkable performance in terms of revenue collection this year.

READ ALSO: Court fixes Dec.7 to hear motion against Innosson

“For instance, as at October 31st, our collection was N4.3 trillion and we believe we have the potential to meet our assigned target at the end of the year.

“We realised that this performance would not have been possible but for the present administration’s policy of expanding the nation’s tax base and blocking revenue leakages,” he said.

Fowler said that the agency focused its attention on businesses with over a billion naira in annual turnover without any record of commensurate payment of tax obligations to boost its revenue performance.

He noted that about 6000 of such companies had been identified and contacted by the service leveraging on various data sources.

” We will continue to focus on recovering all such revenues due to the Federal Government and the people of Nigeria.

” We encourage the business community and all well-meaning citizens to continue to partner with us to ensure that defaulters are traced and face the consequences while compliant businesses receive all the support they require,” he said.

Fowler said the agency was working assiduously in ensuring that it aligned with all efforts to grow national revenue from taxation while easing the inherent administrative burdens.

“We place emphasis on human resources as one of several tools to achieve our aim of expanding the tax net.

” This is why we recently recruited young Nigerians to support our bid to effectively provide adequate services to all the nooks and crannies of the country,” Fowler said.

READ ALSO: Churches, Mosques Must Pay Electricity Bill Or Risk Disconnection – Kaduna Electric Warns

The FIRS boss said the service had undertaken some actions to further reduce the burden of taxation, including the  review and approval of National Tax Policy by the Federal Executive Council.

“This provides strategic direction on tax administration and national focus.

“Another thing is working under the auspices of the Joint Tax Board, we continue to advocate for the simplification, harmonization and streamlining of processes, levies and taxes at the state and local government levels,” he said.

Earlier, Babatunde Ruwase, President, Lagos Chamber of Commerce and Industry (LCCI), urged FIRS to expedite action to address issues of multiple taxes toward easing the business environment.

The News Agency of Nigeria (NAN) reports that the Lagos International Trade Fair, organised by LCCI, started on Nov.2 and will end on Nov 11.

Tags: babatunde fowlerBabatunde Ruwasefederal inland revenue service (firs)lccitax revenue
Ajiri Daniels

Ajiri Daniels

Sun News Online Team

Related Posts

Refugees Commission opens library for IDPs in Abuja
National

Refugees Commission opens library for IDPs in Abuja

25th June 2022
National

The Sun Editor, others task staff on improved productivity, professionalism

25th June 2022
Imo opposition leaders commend Uzodimma’s efforts
Business

Kebbi Customs intercepts smuggled 2, 820 donkey skins worth N48.1m

25th June 2022
Next Post
Afreximbank

Structured Trade Finance to boost intra-African trade....Afreximbank

Kalu Congratulates newly elected NUJ President, Isiguzo

Kalu commiserates with Odogwu Family, Delta State

What Should You Consider Before Going for a Hair Transplant? Dr. Gary Linkov Answers

What Should You Consider Before Going for a Hair Transplant? Dr. Gary Linkov Answers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

The igwes, honest advice to bachelors, spinsters: Be careful you don’t marry another person’s spouse

The Sun Editor, others task staff on improved productivity, professionalism

Kebbi Customs intercepts smuggled 2, 820 donkey skins worth N48.1m

Real reasons South-East failed to pick APC presidential ticket –Osita Okechukwu

2023: Nigerians should vote for who‘ll unite the country–Ucheaga

Woman overpowers armed robber in Abia

Trending

Winning with the Nigerian spirit
Columns

Tinubu inside Fashola’s book

25th June 2022
0

If you want to read the mind of APC Presidential candidate, Asiwaju Bola Tinubu as a strategist, the...

Okotie: Nigeria’ll break up if i don’t succeed Buhari

Okotie: Nigeria’ll break up if i don’t succeed Buhari

25th June 2022
Refugees Commission opens library for IDPs in Abuja

Refugees Commission opens library for IDPs in Abuja

25th June 2022
The igwes, honest advice to bachelors, spinsters: Be careful you don’t marry another person’s spouse

The igwes, honest advice to bachelors, spinsters: Be careful you don’t marry another person’s spouse

25th June 2022

The Sun Editor, others task staff on improved productivity, professionalism

25th June 2022
ADVERTISEMENT

Follow us on social media:

Latest News

  • Tinubu inside Fashola’s book
  • Okotie: Nigeria’ll break up if i don’t succeed Buhari
  • Refugees Commission opens library for IDPs in Abuja
  • The igwes, honest advice to bachelors, spinsters: Be careful you don’t marry another person’s spouse
  • The Sun Editor, others task staff on improved productivity, professionalism
  • Kebbi Customs intercepts smuggled 2, 820 donkey skins worth N48.1m
  • Real reasons South-East failed to pick APC presidential ticket –Osita Okechukwu
  • 2023: Nigerians should vote for who‘ll unite the country–Ucheaga
  • Woman overpowers armed robber in Abia
  • Peter Obi unveiled
  • Rev. Fr. Peter Olowolafe, chairman, CAN, Ekiti State: Being CAN leader taught me about other Christian denominations
  • Why I supply weapons to bandits – Kaduna councillor
  • 2023: Peter Obi’s chances bright – Igbo leaders
  • Lagos spends N23bn on upgrade of infrastructure
  • Exploiting the core values of mediation for societal good
  • Uzodimma inaugurates boards of university, college of education
  • Tinubu hails Sanwo-Olu at 57
  • Amosun, not Abiodun, received N37b road project refund – Ogun govt
  • CBN Under Godwin Emefiele targeting inclusive growth
  • The spell of happiness

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Posting....