Executive Chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, yesterday disclosed that the service generated a total of N3.94 trillion in tax revenue in the first quarter of the year (Q1 2024).
The performance however, fell short of its quarterly revenue target of N4.8 trillion.
Adedeji gave the figures while receiving the leadership of the Chartered Risk Management Institute of Nigeria (CRMI) of Nigeria, led by its President/Chairman, Governing Council, Ezekiel Oseni, on a courtesy visit to the FIRS Headquarters in Abuja.
He said the performance in Q1 represented 56.7 per cent increase over the figure recorded in the corresponding quarter of 2023.
Represented at the meeting by his Chief of Staff, Tayo Koleosho, Adedeji said the service under his watch, remained committed to intensifying efforts in the remaining part of the year towards meeting its ambitious N19.4 trillion target for 2024.
He said, “Over the years through the various administrations, the service has maintained its mandate of generating revenue and meeting government’s targets. “We will continue to make giants stride and we take pride in meeting and surpassing our revenue collection targets for the federation with constant collaboration with stakeholders like the CRMI.
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