FIRS, Customs, NNPC Receive N191.34bn For Revenue Generation Cost

Three revenue generating agencies of the federal government: Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Nigerian National Petroleum Resources (through the Department of Petroleum Resources) have all received cumulative sum of over N191.34 billion as cost of revenue collection in the last 14-months.

The FIRS got N100.642 billion out of the whole money in 2017 and the first two months of 2018 as 4 per cent cost of collection of the various taxes including Value Added Tax, Petroleum Profit Tax, Company Income Tax and others.

While Nigeria Customs and the department in charge of sale or storage of petroleum resources-DPR received N53.479 billion and N37.219 respectively within the same period, LEADERSHIP investigation has shown.

In 2017, FIRS got an approximated sum of N87.444 billion, NCS: 46.028; and DPR: N29.784 billion. FIRS, Customs and DPR received the sum of N13.198 billion, N7.451 billion and N7.435 billion in January and February of 2018 alone.

LEADERSHIP, April 4, 2018

 

 

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