The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami has implored the media in Nigeria to make taxation a social responsibility issue. Mr. Nami said this yesterday at a media colloquium and public presentation of a book titled, The Spokesman, written by a journalist, Kelechi Okoronkwo. Nami …
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For the first time in Nigeria, the country’s major revenue generation and collection agency, Federal Inland Revenue Service with the acronym “FIRS” broke the jinx and did wonders for the country. FIRS recorded N6.405 trn revenue in 2021 thus surpassing its target by more than 100 percent. What a great …
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The Buhari Media Organisation (BMO) has hailed the Federal inland Revenue Service (FIRS) for effectively using technology to improve its productivity and exceed its 2021 collection target of N6.04trn despite global economic challenges. BMO said in a statement signed by its Chairman, Niyi Akinsiju, and Secretary, Cassidy Madueke that it …
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The Federal Inland Revenue Service (FIRS) has stated that it achieved over a hundred percent of its collection target for the year 2021, despite the global economic challenges occasioned by the Coronavirus pandemic, as well as the disruption of business activities in 2020 by nationwide protests. “Notwithstanding the limitations faced …
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The Federal Inland Revenue Service (FIRS) has disclosed why it developed a portal called Deposit Money Banks (DMBs). It said this was done as part of efforts to provide information of corporate customers’ transactions above ₦10 million and individuals above ₦5 million and this initiative was awarded the International Standard Organization …
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At about 11 am, on Friday, November 12, 2021, there was a buzz among tax aficionados: Muhammad Nami, the Federal Inland Revenue Service (FIRS) boss had been elected the President of the Commonwealth Association of Tax Administrators (CATA). He is the first Nigerian in the history of CATA to be …
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By Bernard Okri In the second week of December 2019, when President Muhammadu Buhari announced the nomination of a certain Muhammad Nami to be the forerunner of the Federal Inland Revenue Service, many were taken by surprise. Known very well to the staff of the FIRS, who he met during …
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When Muhammad Nami was appointed to take over the helm of affairs at the Federal Inland Revenue Service (FIRS), many were of the view that the appointment is to sate the demands of some influential persons as his antecedents doesn’t show him as one that can lead the revenue collection …
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Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed has restated the constitutional role of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), on the monitoring of accruals and disbursements of revenue from the Federation Account, pointing that the powers of the commission as constitutionally stated do not relate …
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The 2021 Finance Bill must be tailored towards enabling an efficient tax system that works for every Nigerian. This was the position of the Federal Inland Revenue Service (FIRS) disclosed by its Executive Chairman, Muhammad Nami to journalists after a stakeholder engagement on the Finance Bill 2021, today at the …
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