Tag: Tax Revenue
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FIRS rakes N438bn from non-oil tax revenue in one month
The Federal Inland Revenue Service (FIRS), has said that it collected N490 billion in tax receipts in July, with a sum of N438 billion, representing 89% came from Non-oil receipts. The revenue agency in a statement on Thursday explained that the significant drop in oil revenue to N52 billion, representing 11%, is due to the…
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Nigeria’s tax revenue grew by 51 per cent in 2017- Osinbajo
Vice President Prof. Yemi Osinbajo on Thursday said that the country’s tax revenue has increased to 51 per cent in 2017. Osinbajo made the disclosure at the FT Nigeria Summit on “Dispelling Uncertainty and Building Resilience’’ in Lagos. He said that the 51 per cent growth year- on-year was due to aggressive tax policies introduced…