Federal Inland Revenue Service (FIRS) says it has generated N4.178 In 10 Months
The Executive Chairman of the service, Mr Muhammad Nami, disclosed this while presenting a
report on Internally Generated Revenue (IGR) at the 46th meeting of the Joint Tax Board (JTB) in Abuja
Nami said what was realised within the period, represented 99 per cent performance of its 10 months target of N4.230 trillion.
He also said, as at third quarter of 2020, cumulative annual collections from the 36 states and the
Federal Capital Territory was N974.197 billion.
According to him, this represents a drop of 1.39 per cent when compared with the collections from
the same period in 2019 which was N988.024 billion.
“The COVID-19 pandemic has indeed had a profound effect on IGR, especially at the sub national level following the record breaking
cumulative annual collections from the states and FCT of N1.334 trillion recorded in 2019.