Connect with us

News

Performance Update: FIRS Breaks Its 2021 Record, Collects N10.1 Trillion In 2022

PHOTO 1: Mr. Muhammad Nami, Executive Chairman, Federal Inland Revenue Service (FIRS) addressing members of the press at the FIRS HQ, Abuja. January 23, 2023

Published

on

Share for social good

The Federal Inland Revenue Service (FIRS) has announced that it collected over N10 trillion in tax revenue in the year 2022, the highest tax collection ever recorded in its history.

The Service made this known in its “FIRS 2022 Performance Update,” report signed by its Executive Chairman, Mr. Muhammad Nami, and released to the public on Monday, after his briefing with President Muhammadu Buhari.

“The FIRS, in the year 2022 collected a total of N10.1 trillion in both oil (N4.09 trillion) and non-oil (N5.96 trillion) revenues as against a target of N10.44 trillion.

FIRS

“Companies Income Tax contributed N2.83 trillion; Value Added Tax N2.51 trillion; Electronic Money Transfer Levy N125.67 billion and Earmarked Taxes N353.69 billion.

“Non-oil taxes contributed 59% of the total collection in the year, while oil tax collection stood at 41% of total collection,” the report noted.

It is the first time that the FIRS will cross the 10-trillion Naira mark in tax revenue collection.

The Performance Update Report further clarified that included in the total revenue sum is the sum of N146.27 billion which is the total value of certificates issued by the Service to private investors and NNPC for road infrastructure under the Road Infrastructure Development Refurbishment Investment Tax Credit Scheme created by Executive Order No. 007 of 2019.

The report also stated that the N10.1 trillion is exclusive of tax waived on account of various tax incentives granted under the respective laws, which amounted to N1,805,040,163,008.

Providing perspective to this unprecedented tax collection, the FIRS noted in the Performance Update that the Muhammad Nami-led management upon assumption of office came up with a four-point focus, namely: administrative and operational restructuring; making the service customer-focused; creating a data-centric institution; and automation of administrative and operational processes.

It further noted that over the period of 2020 to 2022, the management had introduced reforms bordering around these four-point focus which were producing results.

“The reforms introduced at different times from 2020 are gradually yielding fruits. By the close of 2022, the Service had fully restructured the administration of the Service for maximum efficiency and achieved internal cohesion such that all functional units are working in unison towards the achievement of set goals.

“As a result of conducive environment created for staff, officers of the Service are pulling their weight on the global stage with international recognitions and awards;

“The Service had also automated most of the administrative and operational processes. A major leap was the full deployment of the TaxPro Max for end-to-end administration of taxes in June 2021. The module for the automated TCC went live 1st January 2023 while taxpayers had already downloaded over 1,000 TCCs this year without having to visit FIRS office,” the report read.

It also noted that the Service had operationalised its data mining and analysis system thereby allowing for data-backed taxpayer profiling.

Other reforms the Service introduced in this period focused on the detoxification of the tax environment by ridding it of mutual mistrust, negative tax morale, and tax evasion, through effective taxpayer education, open engagement with stakeholders and improved services.

It noted that it is courtesy these reforms, framed around the four-focus points that the Service was able to achieve this collection.

Mr. Muhammad Nami, Executive Chairman of the FIRS, commenting on the N10.1 trillion record tax collection achieved under his leadership stated that this was made possible through “dogged implementation of strategic reforms over the past two years; a renewed commitment by officers of the Service, accompanied with a boosted morale; as well as the innovative deployment of technology for automation of both tax administration and operational processes.

“This collection was possible through collaboration with our stakeholders, from our colleagues at the Executive branch of government, to the members of the judiciary, to our brothers and sisters at the National Assembly, as well as the tax advisory committee, professional bodies, unions, and most crucially our taxpayers.” 



Speaking on the outlook for 2023, Mr. Nami stated that the Service would build on the current reforms, achieve full automation and continue to establish a resilient Service that would continue to provide sustainable tax revenue to fund the government.

“We intend to maintain, and even improve on the momentum in 2023,” he stated.

“We have peaked, but this is not certainly our peak. In fact, my hope is that this would be the least sum the Service would ever collect going forward.

“Our goal is to identify more areas where we can improve on in the delivery and efficiency of our collection; and plug loopholes, while deploying innovative reforms in data and artificial intelligence.

“Ultimately, we believe that the FIRS can shoulder the responsibility of providing revenue needed for the governments across the Federation to cater for the needs of the Nigerian people through taxes.

“This is feasible once we get the much-desired support from the three tiers and arms of government, as well as all stakeholders.”

The FIRS appreciated President Muhammadu Buhari for his support, as well as the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed and the Minister of State, Mr. Clem Agba.

“FIRS Management uses this medium to commend all patriotic taxpayers who paid their taxes correctly, stakeholders for their support, and officers of the Service for their dedication to duty.

“The Service equally owes its achievements in 2022 to effective leadership of the Honourable Minister of Finance, Budget and National Planning – Mrs Zainab Ahmed, her brother, the Minister of State – Mr Clem Agba, members of the National Assembly and the fatherly support of the President and Commander-in-chief of the Armed Forces of Nigeria – Muhammadu Buhari.”

This is the second consecutive year that the Service will be recording unprecedented tax collection.

In 2021, the Service achieved a record tax collection of N6.405 trillion, being over hundred percent of its collection target for the year, as well as the first time that the Service will cross the six trillion mark.

In 2022, building on the success of the preceding year, the Service achieved a record collection of N10.1 trillion, being over 96% of its collection target for the year, and the first time the Service will cross the ten trillion mark.

This collection represents an over one hundred percent leap from the tax collected by the Service in 2020—the first year of the current management of the Service.


Share for social good
CLICK TO GET A WhoGoHost Hosting PLAN

News

Insecurity: Aisha Freed After Two Weeks in Captivity Following ₦20 Million Ransom Payment

Published

on

Aisha Wahab Freed After ₦20m Ransom Payment in Edo
Share for social good

A Nigerian woman, Aisha Wahab, has been released after spending two weeks in kidnappers’ custody in Auchi, Edo State, following the payment of a ₦20 million ransom raised through public donations and crowdfunding.

Wahab was abducted on October 11, 2025, from Igbira Camp and freed on October 24, according to activist Harrison Gwamnishu, who said he coordinated negotiations without government involvement.

Her ordeal drew widespread attention after videos showing her pleas for help circulated on social media. The incident highlights Nigeria’s persistent kidnapping epidemic, with more than 3,000 reported abductions nationwide in 2025, as ransom payments continue to fuel criminal activity.

FIRS

Share for social good
CLICK TO GET A WhoGoHost Hosting PLAN
Continue Reading

News

Meet President Tinubu’s New Service Chiefs

Published

on

Oluyede Appointed New CDS as Tinubu Sacks Service Chiefs
Share for social good

President Bola Tinubu on Friday appointed new heads for the armed forces in a major overhaul aimed at strengthening the Nigeria’s security structure, the presidency said in a statement.

General Olufemi Oluyede was named Chief of Defence Staff, replacing General Christopher Musa. Major-General Waidi Shaibu becomes Chief of Army Staff, Air Vice Marshal Sunday Kelvin Aneke is the new Chief of Air Staff, and Rear Admiral Idi Abbas was appointed Chief of Naval Staff.

Major-General E.A.P. Undiendeye retained his position as Chief of Defence Intelligence, according to the statement signed by presidential adviser Sunday Dare.

The presidency said the changes were part of efforts to “strengthen the national security architecture” amid ongoing security challenges across parts of the country, including insurgency, banditry, and maritime threats.

FIRS

Meet The New Service Chiefs and Their Profiles

General Olufemi Oluyede – Chief of Defence Staff

Oluyede previously served as Chief of Army Staff and commanded the Infantry Corps in Jaji, Kaduna. A member of the 39th Regular Course of the Nigerian Defence Academy, he was commissioned in 1992 and has taken part in several operations, including ECOMOG in Liberia and counterinsurgency missions in Nigeria’s northeast.

He has received multiple military honours, including the Corps Medal of Honour and Grand Service Star.

Major-General Waidi Shaibu – Chief of Army Staff

Shaibu, 53, was born in Kogi State and commissioned into the Armoured Corps in 1994. A graduate of the Nigerian Defence Academy, he also holds degrees in public administration, strategic studies, and security studies from universities in Nigeria and the United States.

He has commanded several formations, including 7 Division and Sector 1 of Operation Hadin Kai in Maiduguri, and has participated in multiple counterterrorism operations.

Air Vice Marshal Sunday Kelvin Aneke – Chief of Air Staff

Aneke, 53, joined the military in 1988 and was commissioned as a pilot officer in 1993. He has held senior roles at the Nigerian Air Force headquarters and served as Deputy Commandant of the Nigerian Defence Academy.

He holds degrees in physics, management, international affairs, and strategic studies, and has flown multiple aircraft including Gulfstream and Falcon jets.

Rear Admiral Idi Abbas – Chief of Naval Staff

Abbas, 56, from Kano State, was commissioned in 1993 after earning a degree in chemistry. An Above Water Warfare specialist, he has held key operational and administrative posts, including Maritime Guard Commander at NIMASA, Flag Officer Commanding Central Naval Command, and Chief of Defence Civil–Military Relations.

He was most recently a senior research fellow at the Nigerian Army Heritage Centre.

Tinubu, who took office in 2023, has repeatedly pledged to overhaul Nigeria’s security forces to tackle long-running conflicts and restore stability across Africa’s most populous nation.

Follow BONA NAIJA for more


Share for social good
CLICK TO GET A WhoGoHost Hosting PLAN
Continue Reading

Biafra

I Will Only Appear As Nnamdi Kanu’s Witness If…. – Nyesome Wike

Published

on

Wike: I’ll Only Testify for Nnamdi Kanu If Court Summons Me
Share for social good

The FCT Minister says he cannot testify in Kanu’s trial based on media reports alone.

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has stated that he will only appear as a witness in the trial of the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, if he is formally summoned by the court.

Wike made this clarification during a media parley in Abuja on Friday, stressing that his name appearing in the newspapers does not automatically make him a witness in the ongoing case.

“You don’t become a witness by reading the newspaper. Nobody has served me any process; nobody has subpoenaed me,” Wike said.
“So, because I saw Wike listed, I will not begin to run helter-skelter. No, you don’t do that. If I am served, if I am subpoenaed to come and give a witness or give evidence, I must obey the court; I must appear.”

FIRS

When asked why Kanu listed him as one of his witnesses, the Minister said he had no idea.
“If you see Nnamdi Kanu, you ask him, ‘Why did you list me? I did not go and say I want to be a witness,’” he said.

Wike also declined to comment on whether Kanu’s continued detention should be resolved through a political settlement.

Kanu, who is currently facing terrorism charges before the Federal High Court in Abuja, has reportedly listed several top figures as “compellable witnesses” in his defence.

Among those named are a former Minister of Defence, Gen. Theophilus Danjuma (rtd); former Chief of Army Staff, Gen. Tukur Buratai (rtd); Lagos State Governor Babajide Sanwo-Olu; Imo State Governor Hope Uzodinma; Minister of Works Dave Umahi; and former Abia State Governor Okezie Ikpeazu.

The IPOB leader has been in the custody of the Department of State Services (DSS) since his extradition from Kenya in June 2021.

Follow BONA NAIJA for more


Share for social good
CLICK TO GET A WhoGoHost Hosting PLAN
Continue Reading

News

Oluyede Appointed New CDS as Tinubu Sacks Service Chiefs

Published

on

Tinubu Independence Day speech 2025
Share for social good

President Bola Tinubu has announced major changes in Nigeria’s military leadership, appointing General Olufemi Oluyede as the new Chief of Defence Staff (CDS), replacing General Christopher Musa.

The shake-up, revealed on Friday in a statement signed by the Special Adviser to the President on Media and Public Communication, Sunday Dare, also saw new appointments across the Army, Navy, and Air Force.

Under the new military hierarchy, Major-General W. Shaibu becomes the Chief of Army Staff, Air Vice Marshal S.K. Aneke takes over as the Chief of Air Staff, while Rear Admiral I. Abbas assumes office as the Chief of Naval Staff.
The Chief of Defence Intelligence, Major-General E.A.P. Undiendeye, retains his position.

According to the statement, the changes are part of ongoing efforts by the Federal Government to strengthen Nigeria’s national security architecture.

FIRS

“The President, Commander-in-Chief of the Armed Forces, expresses most profound appreciation to the outgoing Chief of Defence Staff, General Christopher Musa, and the other Service Chiefs for their patriotic service and dedicated leadership,” the statement read.

“He charges the newly appointed Service Chiefs to justify the confidence reposed in them by further enhancing the professionalism, vigilance, and comradeship that define the Armed Forces of Nigeria.”

All the appointments take immediate effect.

General Oluyede’s elevation to CDS marks a rapid rise within the military leadership. He was appointed acting Chief of Army Staff in December 2024, following the death of Lt. General Taoreed Abiodun Lagbaja.


Share for social good
CLICK TO GET A WhoGoHost Hosting PLAN
Continue Reading

News

Nottingham Forest Beats Porto in Sean Dyche’s Europa League Debut

Published

on

Share for social good

Nottingham Forest began a new chapter under manager Sean Dyche with an impressive 2-0 victory over FC Porto in the Europa League on Thursday night at the City Ground.

The win marked Forest’s first European triumph since the 1995/96 season, ending a decade-long wait for continental glory.

Morgan Gibbs-White opened the scoring in the 19th minute from the penalty spot after a handball in the area, while Brazilian forward Igor Jesus sealed the result with another spot-kick in the 77th minute.

The disciplined performance also saw Forest earn their first clean sheet since April, signaling an immediate impact from Dyche’s trademark defensive organization.

FIRS

READ ALSO: Nottingham Forest Appoint Sean Dyche as Head Coach Until 2027

The hosts, who had gone 10 games without a win prior to Dyche’s arrival following Ange Postecoglou’s sacking, frustrated a Porto side that entered the fixture unbeaten in 11 matches across all competitions. Dyche’s compact 4-4-2 setup neutralized Porto’s attacking threat, with goalkeeper Matt Turner rarely tested throughout the encounter.

The victory lifts Forest into a promising position in their Europa League group and gives fans renewed optimism for the rest of the campaign. Dyche hailed the result as “a foundation to build on” as he looks to restore stability and resilience to the side.

Follow BONA NAIJA for more


Share for social good
CLICK TO GET A WhoGoHost Hosting PLAN
Continue Reading
Advertisement

CONNECT ON FACEBOOK

Trending