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FIRS Collects N3.81 trillion Taxes after Nine months

By on October 29, 2012

FIRS Chief, Kabir Mohammed MAshi

The Federal Inland Revenue Service has disclosed that it has collected N3.81 trillion in revenue for the Federal Government between January and September end of the current fiscal year.

The quantum of revenue generated surpasses the 2012 budget estimate of N3.6 trillion expected for the entire year.

FIRS Director of Communications, Emmanuel Obeta said, “With this amount, the FIRS has surpassed the N3.6 trillion provisional annual budget estimate nine months into the year, with oil taxes recording N2.399 trillion and N1.406 trillion for non-oil.

“The collection represents increased revenue collection performance of about N890 billion, when compared to the total collection of N2.91 trillion for the same period in 2011.’’

The statement said, “In 2011, the service recorded N955.19 billion tax collection in the first quarter, N985.30 billion in the second quarter and N974.65 billion in the third quarter.”

In 2012 thus far, the FIRS said it collected N1.172 trillion in first quarter, N1.267 trillion in the second quarter and N1.366 trillion in the third quarter.