The Federal Inland Revenue Service (FIRS) says it has recorded huge increment in collectable duty income from the non-oil segment of the economy.
Leader Chairman, FIRS, Mr. Muhammad Nami, revealed that “out of ₦490 billion gathered by the Service in July just ₦52 billion was from the oil segment with the rest coming in through non-oil receipts.”
As per Mr. Nami, “non-oil charge receipts have reliably contributed 75-90 percent of absolute duty income lately.”
He credited the expansion in the non-oil segment receipt to “change measures presented by the FIRS Board and Management just as the restored energy in the Service workforce.”
Nami made this divulgence in Abuja when he drove individuals from the FIRS board on a graciousness call to the Minister of Finance and National Planning, Mrs. Zainab Ahmed.
Nami recognized the clergyman for her help to the FIRS and its Board since their initiation prior in the year and requested nearer working connection between the Service and her service.
The pastor of Finance praised the Management and Board of the FIRS for attempting to restrict the problematic effect of COVID-19 on government income through their proactive changes.
She noticed that “this has made it feasible for the three levels of government to get their month to month legal allotments from the Federation Accounts”.
As per an announcement by Director, Communications and Liaison Department, FIRS, Abdullahi Ismaila Ahmad, the pastor saw that Value Added Tax (VAT) and Stamp Duties receipts have helped government income in spite of the pandemic.