• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

  • Fact-Check
  • Economy
    • NUPENG

      NUPENG Suspends Strike After Truce With FG, Labour, Oil Stakeholders

      Customs, Defence Bureau Unveil Airboat for Smuggling War

      Customs Begins Live Operations of Automated Excise Register System

      Still on the “National Single Window” Project By Abdulsalam Mahmud

      Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

      Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

  • National
    • Officers of NSCDC Mining Marshals

      Mining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri…

      NIPR President Ike Neliaku

      NIPR Inducts 422 New Members, Urges Commitment to National Unity

      Ahmed Balarabe Sa'id

      Renewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id

      The Minister of Education, Dr. Tunji Alausa

      FG to Schools: Get Certified Teachers or Lose WAEC Accreditation

      Troops Eliminate Terrorist, Rescue Kidnap Victims in Sokoto, Katsina, Kaduna

    • Government
      • Governor Kabir Abba Yusuf and the conjoined twins

        Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

        Governor Abba Kabir Yusuf, Kano State

        Kano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children…

        Ahmed Balarabe Sa'id

        Renewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id

        The Minister of Education, Dr. Tunji Alausa

        FG to Schools: Get Certified Teachers or Lose WAEC Accreditation

        ECOBANK

        ECOWAS debt: Court Remands Ecobank Legal Head over Perjury, defamation of…

  • Security
    • Military Troops in Action

      Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, Zamfara

      court Judiciary

      Court Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other…

      Inspector-General of Police Kayode Adeolu Egbetokun

      Police Chief Tasks Border Patrol Commanders on Enhanced Security

      Air Marshal Hasan Abubakar NAF Chief

      Air Chief Links Fiscal Discipline to Nigeria’s National Security, Operational Readiness

      Army Arrest Notorious Cattle Rustlers, Recover Arms in Plateau

  • Features
    • Officers of NSCDC Mining Marshals

      Mining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri…

      Omoyele Sowore, Bayo Ononuga and Adeola Ajayi

      Sowore’s Provocation, Onanuga’s Plea and the DSS Overreach

      Ahmed Balarabe Sa'id

      Renewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id

      Traffic officials tolling the vehicle at the scene in Abuja

      SPECIAL REPORT: Extortion, Blood and Impunity Behind Abuja’s Agbero Menace

      AI for Writing

      MUST READ: Why Everyone Should Use AI for Writing, With Pride…

  • State
    • Military Troops in Action

      Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, Zamfara

      Prof. Abubakar Mu’azu

      UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication

      Governor Kabir Abba Yusuf and the conjoined twins

      Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

      court Judiciary

      Court Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other…

      Governor Abba Kabir Yusuf, Kano State

      Kano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children…

  • Event
    • Prof. Abubakar Mu’azu

      UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication

      NIPR President Ike Neliaku

      NIPR Inducts 422 New Members, Urges Commitment to National Unity

      Baze University Management visits TETFUND, Showcases Tech-Driven Growth, National Impact

      PHOTOS: BUK Alumni Association Launches Digital Hub to Unite Global Graduates,…

      Founder Image Merchant Promotion Ltd, Yushau Shuaib, Nigeria Customs CG, CGC Bashir Adewale Adeniyi and the IPRA representative during the 2024 GWA awards in Belgrade, Serbia

      Again, ​IPRA Shortlists Nigeria Customs, IMPR for Golden World Awards, Celebrates…

    • PR Nigeria Award
  • E-Paper
Home Government FIRS Collects N4.2tr with 77% from Non-Oil Sector in 2021- Chairman Nami
  • Government

FIRS Collects N4.2tr with 77% from Non-Oil Sector in 2021- Chairman Nami

By
Johannes Oluwatobi Wojuola
-
October 8, 2021
Chairman Federal Inland Revenue Service, Muhammed Ami
Chairman Federal Inland Revenue Service, Muhammed Nami

FIRS Collects N4.2tr with 77% from Non-Oil Sector in 2021- Chairman Nami

The Chairman of the Federal Inland Revenue Service, Muhammad Nami, has restated that the diversification of the Nigerian economy, though a work in progress, is on course.

Speaking at the ‘Public Presentation And Breakdown Of The Highlights Of The 2022 Appropriation Bill’, Muhammad Nami stated that 4.2 Trillion Naira had been collected so far in 2021 in revenue, with about 3.3 Trillion Naira, that is over 77% of the total collection from the non-oil sector.

“To address the issue of Nigeria not diversifying its economy, from a tax perspective, you will discover that we are actually diversifying the economy,” Nami stated.

“The total collection we have up to 31 September, which we have not fully reconciled with the CBN and the Nigerian Customs is about 4.2 Trillion Naira, and from this amount, oil related taxes accounted for only 22 per cent which is 950 Billion Naira only, while the non-oil taxes we have generated within that period is 3.3 Trillion Naira.”

It will be recalled that President Buhari had acknowledged during his 2022 Budget presentation speech to the National Assembly that, “On a positive note, we surpassed the non-oil taxes target by eleven (11) percent in aggregate. The sustained improvement in non-oil taxes indicates that some of our revenue reforms are yielding positive results. We expect further improvement in revenue collections later in the year as more corporate entities file their tax returns and we accelerate the implementation of our revenue reforms.”

Muhammad Nami noted that though the potentials of the country’s non-oil revenues were being harnessed, it was however not adequate.

“To discuss about the taxes that are being paid in the country and to say whether they are adequate or not, I want to believe one, they are not adequate,” he noted.

“People are not willing to pay even when they are appointed as agents of collection; whatever they have collected on behalf of the government they find it difficult to remit.

“When you compare Nigeria as an oil producing country to a small country like Saudi Arabia that the Honourable Minister [of Finance] has pointed out, we are still not there.

Read Also:

  • Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, Zamfara
  • UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication
  • Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

“We assume that we are a rich country, I don’t think that is correct. We only have the potential to be rich, because we have a very huge population of about 200 million.

“Saudi Arabia with a population of about 35 million people has an oil firm, ARAMCO that raked in 49 Billion Dollars in profit in 2020. At our official rate, that is roughly about 20 Trillion Naira in profit: more than the total budget sum for 2022 that was submitted by President Muhammadu Buhari.

“Despite the above statistics, Saudi Arabia still earns revenue from several other sources including religious tourism and Value Added Tax which is as high as 15%, as against Nigeria’s 7.5%.” Nami stated.

The FIRS Executive Chairman emphasized that the best way to fund budgets globally was through payment of taxes by citizens particularly personal income tax which is a direct tax as against indirect taxes; he further noted that personal income taxes in other countries account for over 50% of the funds available to their respective governments for funding expenditure.

“Our total taxpayers today is in the region of about 41 million people and the total personal income tax paid last year was less than N1trn by 40 million people.

“If you also compare that with our own brother South Africa where they have a total population of about 60 million people, with just 4 million taxpayers, the total personal income tax paid in South Africa last year is about N13trn. You can now see that these things are not adding up.

“The number of billionaires in Lagos alone are more than the number of billionaires in the whole of South Africa but yet what Lagos State generated as Personal Income Tax was just less than N400bn in 2020.

“So if we don’t pay these taxes, there is no way the government will be able to provide the social amenities required, the critical infrastructure required for the wellbeing of the country.” Nami stated.

The Honorable Minister of Finance, Zainab Ahmed Shamsuna in replying to a question posed to her by a journalist present at the Public Presentation ceremony of the 2022 budget noted that there was a social contract between taxpayers and authorities, and that government revenue that was generated was being applied to funding its expenditure at all the three tiers of government.

She cautioned citizens to pay their taxes, noting that it is when they pay their taxes that they become stakeholders who can demand accountability from the government.

Johannes Oluwatobi Wojuola
SA Media and Communication to the Executive Chairman, FIRS
October 8, 2021

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • FIRS
  • Muhammad Nami
  • Nigerian economy
Previous articleNDA: VP Osinbajo Emphasises on Military Science
Next articleNigerian Troops Eliminate Unknown Gunmen in South-East
Johannes Oluwatobi Wojuola
Johannes Oluwatobi Wojuola
Xing

RELATED ARTICLESMORE FROM AUTHOR

Governor Kabir Abba Yusuf and the conjoined twins

Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

Governor Abba Kabir Yusuf, Kano State

Kano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children Crisis

Omoyele Sowore, Bayo Ononuga and Adeola Ajayi

Sowore’s Provocation, Onanuga’s Plea and the DSS Overreach

Police Nab ‘Obi of Lagos,’ Foil ₦1.5 Billion New Palace Fraud

Ahmed Balarabe Sa'id

Renewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id

The Minister of Education, Dr. Tunji Alausa

FG to Schools: Get Certified Teachers or Lose WAEC Accreditation

ECOBANK

ECOWAS debt: Court Remands Ecobank Legal Head over Perjury, defamation of Judge character

FACT-CHECK: Did Governor Uba Sani describe El-Rufai as “Godsent” who assisted him with various needs, including property acquisitions and even against Peter Obi?

The Arrest of Ansaru Kingpins Mahmud Muhammad Usman aka Abu Bara’a, and Mahmud al-Nigeri aka Mallam Mamuda

DSS Secures 15-Year Jail Term for Ansaru Leader Over Illegal Mining

Femi Fani-Kayode FFK

Fani-Kayode Denies Interest in NFA Chairmanship

Mrs Diiarau Didi Esther Walson-Jack OON mni, SEC 30, 2008, the new Head of the Civil Service of the Federation

Personnel Audit to End Guesswork in Civil Service Reforms – Walson-Jack

Nigerian Army Rescues Abducted Major in Delta State

Recent Posts

  • Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, Zamfara
  • UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication
  • Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia
  • Court Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other Terrorists
  • Kano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children Crisis
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, ZamfaraUNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of CommunicationKano Separated Conjoined Twins Return Home After Successful Surgery in S/ArabiaCourt Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other TerroristsKano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children CrisisPolice Chief Tasks Border Patrol Commanders on Enhanced SecurityAir Chief Links Fiscal Discipline to Nigeria’s National Security, Operational ReadinessArmy Arrest Notorious Cattle Rustlers, Recover Arms in PlateauTroops Repel Bandits’ Attacks in Kaduna, Katsina, Recover Rustled CattleMining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri Idakwo LarubaNIPR Inducts 422 New Members, Urges Commitment to National UnitySowore’s Provocation, Onanuga’s Plea and the DSS OverreachNigerian Troops Intercept Ransom Money, Recover 160 Rustled CattlePolice Nab 'Obi of Lagos,' Foil ₦1.5 Billion New Palace FraudRenewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id
X whatsapp