By Chesa Chesa
The Federal Inland Revenue Service (FIRS) says it plans to rake in as much as N10.1 trillion as revenue for the 2022 financial year.
FiRS chairman, Muhammad Nami disclosed this during a public hearing on the 2022-2024 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) organised by the House of Representatives Committee on Finance, in Abuja.
He said that the N10.1 trillion was the global figure projected to be generated and remitted to the Federal Government in 2022 by the FIRS, the agency responsible for assessing, collecting and accounting for tax and other revenues accruing to the Federal Government.
Chairman of the committee, James Faleke, urged the FIRS management to put in the required determination, to ensure that the target was met.
He also commended the previous effort of the FIRS at ensuring that their revenue generation targets were met, while urging the service to strive to do more in its revenue generation mandate.
The lawmaker had earlier described the MTEF and FSP, with a three-year plan, as a major feature of the annual budget preparation cycle, saying that it provided the basic estimates and assumptions for the annual budget.
