FIRS Collects N4.122trn in 10 Months

Date: 2020-12-07

The Executive Chairman, Federal Inland Revenue Service (FIRS), Alhaji Mohammed Nami has put the performance of the agency from January to October, 2020, at N4.122 trillion, despite the Covid-19 challenges, the implementation of the Finance Act 2020 as well as concessions granted to taxpayers.

He said non-oil revenue collection performance in the same period stood at N2.8 trillion and oil revenue collection performance stood at N1.3 trillion.

Also, the chairman of Board of Trustees of Tertiary Education Trust Fund (TETFUND) Alhaji Kashim Imam, has said about 226 tertiary institutions would access a total sum of N500 billion as education tax in 2021.

Nami, spoke at the TETfund/FIRS 2020 joint interactive forum in Ilorin. He also said the agency has collected the sum of N251 billion as at October this year for the TETfund.

Nami, who was represented by the agency's State Coordinator, Oyo-Ogun-Osun, Nureni Fasola, said FIRS raked in N214 billion for the Fund in 2019.

Also speaking, Imam, said a new target of N500 billion was set as education tax for the FIRS in 2021 considering the magnitude of challenges facing tertiary education in Nigeria.

He explained that beneficiaries of the affected tertiary institutions would be federal and state universities, polytechnics and colleges of education in the country.

Imam, who said the Fund was committed to impacting more, added that the BOT under him was determined to prove that public agency must, should work and must work to get results.

"The synergy between the FIRS and TETfund is vital to the transformation that is evident in our public tertiary institutions nationwide.

"This was achieved as a result of joint delivery of complementary services by providing amiable and lasting solutions to our beneficiaries.

"In addition, the successful strategic partnership over the years can be attributed to the strong, relentless commitment and cooperation by the leadership of both organisations and our zeal to improve Nigerian education nationwide", he said.

The chairman of the BOT also said the team at TETfund and FIRS would visit project sites in tertiary institutions in the state to see if the funds were judiciously utilised.

In his speech, the Executive Secretary, TETfund, Prof. Suleiman Bogoro, represented by the Director of Finance, Idris Seidu, said the Fund was striving to change the narratives by taking practical steps to put the nation on a revolutionary path of a knowledge based economy.

He said TETfund was committed to impacting the nation's tertiary institutions comprising of 226 federal and state universities, federal and state polytechnic and colleges of education for improved infrastructure components.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Seni Saraki     Adeola Abraham     Code Of Conduct Bureau     Nupe     NIPOGA     COVID-19 Palliatives     Razaq Ayobami Akanbi     Shaykh Luqman Jimoh     Erin-ile     Olukotun Of Ikotun     Bature Bello     Kwara State Branch Of The National Library     Oro Grammar School     Sarakite     Ben Duntoye     Surajudeen Akanbi     Adebara     CELF     Gobir     Volunteers Of Ilorin Community And The Emirate     Igbomina     NULGE     Marufat Oladosu     Aliyu Muyideen     Share/Tsaragi     Tayo Alao     Oko-Olowo     Paul Olawoore     Wasiu Odewale     Freshvine Nigeria Limited     Gbenga Olawepo     Sherif Sagaya     Majlis For Sadaqah, Zakat And Waqf     Sunday Fagbemi     Afusat Nike Ibrahim     Saadu Alanamu     GANZY     Abdulmumini AbdulRazaq     Oba-Solagberu     Raji AbdulRasaq     Ado Ibrahim     AbdulHakeem Ajibola Akanbi     Abubakar Imam     Elerin Of Adanla     Saliu Mustapha     Samuel Elizabeth Keatswa     Balogun Fulani     CUTI     Hassan A. Saliu     Erubu Oba Zubair     Jumoke Monsura Gafar     Kolade Solagberu     Gafaru Olayiwola Olorisade     Abdulrahman Abdulrasaq     Sa\'adu Salau     Kola Shittu     Quranic Recitation Competition     Ayoade Akinnibosun     Idowu Aremu     Abdulfatah Ahmed     Olajumoke Monsura Gafar     Ahman Pategi University     Senior Special Assistant On Student Affairs     Olatunji Bamgbola     Kale Ayo     Lithium     Otuka     Lawal Olohungbebe     Olaiya Lawal     Nurudeen Mohammed     Saliu Alamoyo     Salary     Na\'Allah     Moses Afolayan     Abubakar Baba     Ilorin Talaka Parapo (ITP)     Salihu Yahaya    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

CCB     Ijagbo Health Centre     Is\'haq Modibbo Kawu     Tescom.kwarastate.gov.ng     Mukhtar Shagaya     George Innih     Daud Adeshola     General Tunde Idiagbon International Airport     Ibrahim Issa Jetti     Haruna Tambiri Mohammed     Samuel Elizabeth Keatswa     Lanre Issa-Onilu     Aishat Sulu-Gambari     Christopher Tunji Ayeni     AbdulRazaq Abubakar Jiddah     Ilorin Likeminds Foundation     Ibrahim Gambari     AbdulRasaq Abdulmajeed Alaro     Kupchi Hosea Maxwell     Akande Idowu Ayoola Muhammed     Ilorin Amusement Park     SSUCOEN     Jimoh Saadudeen Muhammed     Ganmo     Ayo Salami     Yahaya Dumoye     Adisa Logun     Kazeem Oladepo     Tsaragi-Share     Adama Isa     Olaitan Adefila     Ilorin East     Towoju     AIT Ilorin     Alabi Lawal     Wahab Femi Agbaje     Kwara State Printing And Publishing Corporation     Oloye     Bankole Omisore     Adesina Simon Sodiya     Standard Organization Of Nigeria     Government House     Labaeka     Usman Rifun     IDPU     Muazam Nayaya     Saka Aleshinloye     Akeem Olatunji     Emir Of Lafiagi     Ojo Isekuse     Abdullahi Imam Abdullahi     Unicontinental Construction Company     Kwara 2015     Olusola Saraki     Oloriegbe     CBT     Shehu Adaramaja     Iyiola Oyedepo     Oniyangi     Wahab Kunle Shittu     COEASU     Sherif Shagaya     Quranic Recitation Competition     RTEAN     Kwara-SAPZ Project     Jide Ashonibare     Ibrahim Abdullahi     Kwara State Health Insurance Agency     Kwara Volleyball Association     Bio Ibrahim     Onilu     Bola Olukoju     Omupo     CT Ayeni     Agboola Abdulraheem     Oye Tinuoye     Afolayan