Federal Inland Revenue Service (FIRS ) in January 2020 collected tax revenue of N338.1 billion against a tax target of N620.2 billion.
The figure represents the aggregate collection by states’ coordinating units on monthly basis.
Muhammad Nami, Executive Chairman of FIRS was given a tax collection target of N8.5 trillion in 2020 fiscal year.
According to the collection performance of the state coordinating units, Adamawa, Gombe and Taraba had January target of N1,496,937,795.22 but collected N2,237,217,349.37 representing 149.45 percent collection.
Akwa Ibom, Bayelsa and Cross River had a monthly target of N2,175,116,159.19 but their actual collection in January was N2,010,374,940.81 representing 92.43 percent. Lagos Mainland East had January target of N50,272,057,644.57 but its actual collection of N39,177,218,569.19 amounted to 77.93 percent.
Jigawa, Kano and Katsina had collection target of N5,203,823,553.44. Their actual collection was N3,606,224,711.59 representing 77.93 percent. Ogun, Osun and Oyo had target of N6,268,435,732.91 while their actual collection during the period stood at N4,167,880,594.20 indicating 66.49 percent collection.