FIRS set to achieve record N13 trillion revenue collection in 2023 – outgoing Chairman

The outgoing Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammed Nami, has hinted that the service is set to achieve a new record of a minimum of N13 trillion by the end of this year.

This will represent an almost N3 trillion increase when compared to the N10.1 trillion record collection that was achieved in 2022.

This was made known by Nami while speaking on the FIRS leadership transition a day after he was asked to proceed on terminal leave by President Bola Tinubu.

Nami, who revealed that the FIRS has so far collected over N8 trillion in first 8 months of this year, noted that he is leaving the service as a fulfilled man knowing he has served diligently.

The FIRS boss said that they increased the Tax-to GDP ratio to 10.86% within a period of 2 years from the initial 6% as against the earlier promise to achieve that in 4 years.