
How the FIRS is Ensuring Progressive Policy Implementation By Leveraging Technology
By Femi Onakanren In January 2023, the FIRS announced a landmark tax revenue return of N10.1trn in both oil (N4.09trn) and non-oil (N5.96trn) for 2022. Although the agency had an ambitious target of N10.44trn for the year 2022, to go past the N10trn mark is truly a historic development. To truly appreciate the importance of this development, this is double the N5.007trn recorded in 2012. Incidentally, the N5.007trn recorded in 2012 was the highest at the time. Two weeks ago, the tax authority announced that in just half of the year 2023 it had raked in N5.5 trillion Naira. This…