The federal government of Nigeria (FGN) has taken-in the sum of N8.6trn as taxes for the year 2021.

A data released by the Nigeria Customs Service (NCS) and the Federal Inland Revenue Service (FIRS) disclosed that both agencies generated N2.2 trillion and N6.4 trillion respectively.

The Executive Chairman, FIRS, Muhammad Nami, gave the figure in Abuja at a public presentation and breakdown of highlights of the 2022 Appropriation Act.

“We collected more than 70 per cent of the target set for 2021 with the help of technology and I assure Nigeria that we will do better in 2022. “The figures will be fully published soon.’’ said Nami.

The NCS said the N2.2 trillion it generated at the end of 2021, surpassed the target of N1.6trn it set for the year.

Similarly, a statement by the Service Public Relations Officer, Comptroller Joseph O. Attah yesterday, showed that the amount generated was a 43 per cent increase of the N1.5trn generated in 2020.

Attah also disclosed that the service’s efforts to prevent the entry of items that could compromise the security of citizens, economy and the well-being of the people resulted in the seizures of 5,096 assorted items with a duty paid value of N13.7billion and 160 suspects at different levels of investigation or prosecution.

The Comptroller-General of Customs, Col. Hameed Ibrahim Ali (Rtd) attributed the feat to “resolute pursuit of what is right and willingness to adapt to changes brought about by global health challenges occasioned by covid-19.”

He expressed delight that the service revenue generation profile had continued to be on the rise annually.

SOURCE:https://brandspurng.com/2022/01/08/fgn-rakes-in-n8-6trn-from-firs-customs/

We keep hearing news of these huge incomes yet, we can't fund our budget without mortgaging our national life and future to the Chinese and their loans.

This is aside from our oil revenues oh...

How do these inflows translate into anything meaningful to the ordinary Nigerian?

What sort of a system or government are we running in Pete's name?

Patronize my siggy jare

Rake this rake that and still dey will b collecting loan up nd down and always looking for what to Tax...

There excuse before na oil low.

Oil no low again oil don high now d country still no balance clueless Govt with Confused Policy....

Money miss road

So the earnings from tax is more than the earnings from oil? That's interesting.

Nice one

The Federal Republic of Nigeria raked in N8.6Trn and not the Federal Government of Nigeria. Media platforms and bloggers should try and be getting some of these things correctly and stop publishing misleading news.

Audio revenue

Convert it to dollars and you will see Jonathan era still did better

FarahAideed:
Convert it to dollars and you will see Jonathan era still did better

With nothing to show for it. The thread below says it all.

https://www.nairaland.com/6931926/pdp-failure-pictorial-collection

seunmsg:


With nothing to show for it. The thread below says it all.

https://www.nairaland.com/6931926/pdp-failure-pictorial-collection

Nothing to show yet

Gas was 1900 naira for 12.5kg

Petrol 87 naira

Naira had better value

Middle class resurrected

Single digit inflation

Better electricity supply

3rd fastest growing economy on earth

Better security

Cheaper Airfares

Even Tinubu could open many businesses then but since Buhari came Tinubu has not opened any business instead most of his businesses have even packed up

Even a govt technocrat like you knows deep down Jonathan era was far better

BrandSpurNG:

The federal government of Nigeria (FGN) has taken-in the sum of N8.6trn as taxes for the year 2021.

A data released by the Nigeria Customs Service (NCS) and the Federal Inland Revenue Service (FIRS) disclosed that both agencies generated N2.2 trillion and N6.4 trillion respectively.

The Executive Chairman, FIRS, Muhammad Nami, gave the figure in Abuja at a public presentation and breakdown of highlights of the 2022 Appropriation Act.

“We collected more than 70 per cent of the target set for 2021 with the help of technology and I assure Nigeria that we will do better in 2022. “The figures will be fully published soon.’’ said Nami.

The NCS said the N2.2 trillion it generated at the end of 2021, surpassed the target of N1.6trn it set for the year.

Similarly, a statement by the Service Public Relations Officer, Comptroller Joseph O. Attah yesterday, showed that the amount generated was a 43 per cent increase of the N1.5trn generated in 2020.

Attah also disclosed that the service’s efforts to prevent the entry of items that could compromise the security of citizens, economy and the well-being of the people resulted in the seizures of 5,096 assorted items with a duty paid value of N13.7billion and 160 suspects at different levels of investigation or prosecution.

The Comptroller-General of Customs, Col. Hameed Ibrahim Ali (Rtd) attributed the feat to “resolute pursuit of what is right and willingness to adapt to changes brought about by global health challenges occasioned by covid-19.”

He expressed delight that the service revenue generation profile had continued to be on the rise annually.

SOURCE:https://brandspurng.com/2022/01/08/fgn-rakes-in-n8-6trn-from-firs-customs/

It revenue from FIRS alone is over 8 trillion apart from another 2.2 trillion from customs, amongst others, why is the false infirmation gaining traction that we use 90% of our revenue to service loans?
Our loan service is about 3 trillion abd that appears like less than 30% of our total revenue.

seunmsg:
The Federal Republic of Nigeria raked in N8.6Trn and not the Federal Government of Nigeria. Media platforms and bloggers should try and be getting some of these things correctly and stop publishing misleading news.

I don't think revenue collected by FIRS apart from VAT is shared among the states. Each state have their own IRS and they don't share the collections with FG

Wow!!! Impressive!! This amount will likely double this year with this new finance act recently signed to law.
I knew that highly conservative and brilliant FIRS Head will do great wonders at FIRS. Nigeria is in the hands of very patriots and brilliant folks .
All the enemies of Nigeria will lose las las. They always lose. God bless Nigeria forever.

Ovamboland:


I don't think revenue collected by FIRS apart from VAT is shared among the states. Each state have their own IRS and they don't share the collections with FG

Very wrong. All revenues collected by FIRS apart from PAYE of Armed forces, Police, Abuja resident and foreign service officials belong to the federation and are paid into the federation account. State IRS only collect PIT of individuals resident in their respective states.

This has exposed Tinubu and his gang of thieves. His sacked henchman at this same Mr. Babatunde Fowler was reporting under 5 trillion and was found out and sacked like a thief he is.

When the Appeal Court wan pass judgement on this VAT issue sef

The federal government of Nigeria (FGN) has taken-in the sum of N8.6trn as taxes for the year 2021 from Yorubaland.

SlyDev:
The federal government of Nigeria (FGN) has taken-in the sum of N8.6trn as taxes for the year 2021 from Yorubaland.

Mainly from Igbo people's businesses and investments.

FallenShitHole:

Mainly from Igbo people's businesses and investments.

You like trouble, Igbos by nature always avoid tax

Where is d money?