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FIRS generates N5.3 trillion in 2018, highest in Nigeria's history - Official
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Nigeria, Jan. 8 -- The Federal Inland Revenue Service (FIRS) on Monday announced that it collected a total of N5.320 trillion in 2018 - the highest in the nation's history.
Tunde Fowler, the Executive Chairman of FIRS, who made the announcement in Lagos at a retreat tagged "Parliamentary Support for Effective Taxation of the Digital Economy" said the FIRS is targeting N8 trillion for 2019.
The FIRS in a statement said the N5.320 trillion collection is the highest revenue ever generated by FIRS in history as the highest in FIRS was N5.07 trillion generated in 2012.
"FIRS' generation of N5.3 trillion is significant as it was at a period when oil prices averaged $70 per barrel," the statement read. "Oil price was at an average of $100 to ...
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