The Federal Inland Revenue Service (FIRS) says it collected about N6.4trillion as taxes in 2021.
FIRS Executive Chairman, Muhammad Nami, disclosed this on Wednesday at a public presentation and breakdown of highlights of the 2022 Appropriation Act in Abuja.
According to Nami, “We collected more than 70 per cent of the target set for 2021 with the help of technology and I assure Nigeria that we will do better in 2022.
“The figures will be fully published soon.’
The FIRS boss also stated that with the aid of technology, the agency was able to access taxpayers’ records, as well as to exchange locally and internationally.
Meanwhile, Nigerian National Petroleum Corporation’s Group Managing Director, Mele Kyari, has said that the country now produces 1.74 million barrels of crude oil per day.
Disclosing this, Kyari said, “Three months ago we came down to 1.5 million barrels per day because of security issues and we are responding to it.
“As at today production has increased to 1.74 million barrels per day and there are on-going interventions to better the situation on security.
“The expectations are that within the month, we will get to 1.8 million barrels per day and exceed the limit within the year.’’
Chairman, Senate Committee on Finance, Sen. Olamilekan Adeola, in his remarks, said there were challenges in revenue collection, but more efforts should be made to improve the situation.
The lawmaker said, “We are rewriting history by trying to return the government’s budget calendar to January-December and every December we ensure that the budget for the following year is passed by the president and we have achieved this for three years.
“This is a laudable achievement under this administration.”