The revenue generated by the Federal Inland Revenue Service (FIRS) for the year 2022 fell short of its N10.4 trillion projection.
The agency generated N10.1 trillion as revenue for the year under review.
Though the highest revenue from any government owned enterprise (GOE) in the country’s history, the inability to meet the target was attributed to waivers for some agencies in the year under review.
FIRS chairman, Muhammad Nami, who disclosed this in an interview in his office in Abuja, on Monday, said the agency would have surpassed the 2022 target if the waivers were collected and added into the federation account.
He, therefore, appealed to the federal, State and local governments to rightly apply the revenues being generated to critical sectors impact on the generality of the people.
“We appeal to the three tiers of government to continue to apply the little revenues we generate judiciously to encourage taxpayers to pay more,” he stated.
Nami also called for tax harmonisation in Nigeria for more revenue generation and to curb tax evasion, pointing out that operating multiple tax systems will make it possible for taxpayers to evade payment.
“With a single tax authority, you are able to harmonise operations, tax issues and make it easy for tax payers to pay taxes,” he added.
