By Ndubuisi Francis in Abuja
The Federal Inland Revenue Service (FIRS) has collected a total revenue of N1.171 trillion in the first quarter (Q1) of 2018, which is N393 billion higher than the N778.1 billion collected during the corresponding period in 2017.
The N1.171 trillion collection in the first quarter of 2018 (between January and March) represented a 51 per cent increase in collection compared to 2017.
The Executive Chairman, FIRS, Mr. Tunde Fowler, gave the figures in Lagos at the weekend, at the 2018 Institute of Chartered Accountants of Nigeria (ICAN) annual dinner and awards.
In a statement, the FIRS’ Head,
Communications and Servicom Department, Mr. Wahab Gbadamosi quoted Fowler as saying that
good taxpayers who are doing their duties conscientiously, by paying taxes as and when due, would make Nigeria great again.
The Minister of Finance, Kemi Adeosun, who was also conferred with the ICAN merit award, in the members’ category, was a rare endorsement of some of the change initiatives under President Muhammadu Buhari.
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