Despite the scorching economic climate of last year, the Federal Inland Revenue Service (FIRS) recently disclosed that it collected N4. 95trillion total tax revenue. The feat represented approximately 98 per cent of the national tax target of N5.076 trillion set for the FIRS by the Federal Government. This was disclosed by its Executive Chairman, Mr.
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Federal Inland Revenue Service (FIRS) Chairman Mr. Babatunde Folwer, has stated that revenues generated through taxation and borrowing would play a key role in supporting State Governments to finance their expenditure infrastructure and social services. The FIRS Boss revealed this recently at the Maiden Edition of the Nigeria Corporate Services with theme: ‘Building A Sustainable