FIRS Generates N338bn in January

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The Federal Inland Revenue Service, FIRS, collected tax revenue of N338.1 billion in January. The figure was slightly above average as against a tax revenue target of N620.2 billion for the month under review.

The Service was given a tax collection target of N8.5 trillion in 2020 fiscal year.

According to the collection performance of the state coordinating units, Adamawa, Gombe and Taraba had January target of N1,496,937,795.22 but collected N2,237,217,349.37 representing  149.45 per cent collection.

Akwa Ibom, Bayelsa and Cross River had a monthly target of N2,175,116,159.19 but their actual collection in January was  N2,010,374,940.81 representing 92.43 per cent. Lagos Mainland East had January target of N50,272,057,644.57 but its actual collection of N39,177,218,569.19 amounted to 77.93 per cent.

Jigawa, Kano and Katsina had a collection target of N5,203,823,553.44. Their actual collection was N3,606,224,711.59 representing 77.93 per cent.  Ogun, Osun and Oyo had a target of N6,268,435,732.91 while their actual collection during the period stood at N4,167,880,594.20 indicating 66.49 per cent collection.

Lagos Mainland West was given a January target of  N4,988,901,182.24 but collected N3,033,847,030.11 representing  60.81. Abia, Ebonyi and Enugu had a target of N2,503,697,840.31 but they were able to collect N1,356,428,894.51 representing 54.18 per cent.

Benue,  Kaduna and Niger had tax collection target of N3,848,560,125.77, they made an actual collection of N2,003,203,450.93 indicating 52.05 per cent. Delta,  Edo and Rivers collectively had January target of N17,790,368,169.50 but recorded actual collection of N9,251,413, 039.13 indicating 52 per cent.

Lagos Island was given a target of N459,548,646,637.50 in January, but it collected the sum of N238,708,658,042.72 translating to 51.94 per cent. Bauchi, Plateau, Borno and Yobe had a collection target of N2,793,435,123,22, but their actual collection was N1,446,670,932.56 indicating 51.79 per cent.

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