The Federal Inland Revenue Service (FIRS) has revealed that it collected a total of N5.5 trillion in the first half of this year, which is the highest tax revenue collection ever recorded by the Service in six months.
This was disclosed by the Executive Chairman of the FIRS, Muhammad Nami, while presenting the 2023-2024 tax revenue outlook to the National Economic Council at its meeting at the Presidential Villa, Abuja.
The presentation, which contained FIRS’ 2023 Half-Year Collection Report, showed that the FIRS achieved over one hundred percent of its target for the first-half of the year when compared with a mid-year target of N5.3 trillion.
According to the report, tax revenue collected from the oil sector from January to June 2023, stood at N2.03 trillion, as against a target of N2.3 trillion; while non-oil tax collection stood at N3.76 trillion, as against a target of N2.98 trillion.
