FIRS Generates N1.171 Trillion In Q1 2018

The Federal Inland Revenue Service (FIRS) has raked in N1.171 trillion in the first quarter of 2018, the Executive Chairman, FIRS, Mr. Tunde Fowler has said.
A statement from Mr. Wahab Gbadamosi, Head, Communications and Servicom Department, FIRS indicated that Fowler gave the figures in Lagos weekend at the 2018 ICAN Annual Dinner and Awards.

Fowler said FIRS collected the sum of N1.171 trillion between January and March 2018 – N393 billion more than the N778.1 billion it collected in the first quarter of 2017.
He noted that the N1.171 trillion collection in the first quarter of 2018 represented 51 per cent increase in collection compared to 2017.

On Saturday, Fowler was honoured with a merit award of the non-members category by ICAN. The FIRS chairman received the award last year in the corporate member category on behalf of the FIRS.
He said: “Lawyers pride themselves as learned professionals, but accountants play an important role in a country like ours.

The corporate world plays an important role too,” adding “One of the recipients of the awards today, my good friend the owner-promoter of Dangote Group, is one of the compliant groups in Nigeria, supporting this economy, the hospitals and other corporate organisations, that are serving this organisation, we thank you.

“Let’s continue to pay our taxes. If we do, we will make Nigeria great again.
“For us to receive an award from a group such as ICAN is extremely honourable,” added Fowler.
According to the ICAN President, Ismail M. Zakari, Fowler was singled out for the merit award for the innovative ways he has deployed information and communication Technology (ICT) to revolutionise tax administration processes in Nigeria.