States jack up IGR by N300bn




Fowler

The Chairman, Joint Tax Board,  JTB and Executive Chairman,  Federal

Inland Revenue Service (FIRS), Tunde Fowler has said that  states

have a leap in their Internally (IGR) from

N800 billion  in 2016 to  N1.16 trillion in 2018  some  46.11 per

cent  under four years.

Also Nigeria’s tax database has increased from 10 million to 20

million, with a target of 45 million taxpayers nationwide by December

2016

Fowler spoke in Ilorin Thursday at the North regional launching of the

New Taxpayer Identification Number (TIN) Registration System and

consolidated national tax database programme.

Fowler listed the achievements of the JTB in his tenure to include the following:

The expansion of the tax base from 10 million to 20 million

taxpayers with the potential for an increase of up to 45 million

before the end of the third quarter of 2019; A growth in the IGR of

states by over 46.11% from N800.02 billion in 2016 to N1.16 trillion

in 2018; A growth of FIRS collections by 53.81% from N3.30 trillion in

2016 to N5.32 trillion in 2018; with the 2018 total collection of

N5.32 trillion being the highest collection ever in the history of the

FIRS, while Non-Oil Revenue, with a collection of N2.85 trillion

accounted for 53.63% of total revenue collection, among others.

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