Ifeanyi Onuba, AbujaThe Federal Inland Revenue Service said it collected a total of N4.03tn in the 2017 fiscal period. The collection of N4.03tn according to a statement issued by the agency represents 82.38 per cent of government target of N4.89tn for the year. The revenue of N4.03tn, is however, N720bn more than the 2016 total collection figure of N3.3tn. An analysis of the collection performance indicates that taxes from non-oil sources accounted for 63 per cent, while oil tax accounted for 38 per cent of the total collection. It said the Executive Chairman, FIRS, Mr. Tunde Fowler disclosed the collection figures in Lagos at the palace of the Oba of Lagos Rilwan Akiolu.

Source: Punch January 22, 2018 18:57 UTC