THE CABLE
The Federal Inland Revenue Service (FIRS) says it generated over N10 trillion as tax revenue in the year 2022.
Johannes Oluwatobi Wojuola, special assistant on media and communication to the chairman of FIRS, said this in a statement on Monday.
Wojuola said the figure is the highest tax collection ever recorded in the agency’s history.
He added that the agency achieved over 96 percent of its collection target for the year.
Giving a breakdown of the N10.1 trillion generated, Wojuola said non-oil taxes contributed 59 percent of the total collection in the year, while oil tax collection stood at 41 percent of total collection.
“The FIRS, in the year 2022 collected a total of N10.1 trillion in both oil (N4.09 trillion) and non-oil (N5.96 trillion) revenues as against a target of N10.44 trillion,” the statement reads.
“Companies income tax contributed N2.83 trillion, value-added tax N2.51 trillion, electronic money transfer levy N125.67 billion, and earmarked taxes N353.69 billion.”
