REVENUE: FIRS targets18% GDP to tax ratio in 3 yrs
By Eyo Nsima
The Federal Inland Revenue Service, FIRS, has increased Nigeria’s tax Gross Domestic Product, GDP, ratio from 6.0 per cent to 10.86 per cent in 2022.
Speaking at the sensitization programme of the Lagos Mainland West region of FIRS in Lagos, the Director, Taxpayer Services, FIRS, Abuja, Mrs. Saidatu Yero, said: “The Management is committed to improving the country’s tax-to-GDP ratio to 16.5 per cent which is Africa’s average and subsequently 18 per cent in the next three years.
“Some laudable reforms had been embarked on by the Service which has changed the narrative of the tax administration in Nigeria thereby improving our revenue collection into the coffers of government’’.
She also said: “One of the four (4) cardinal goals of the Management of FIRS is to be “customer-centric” and our major customers and critical stakeholders in the tax ecosystem as a Tax Authority are the Taxpayers.
“Therefore, if the Taxpayers must understand their tax obligations and rights, it is imperative to keep them informed, sensitized, engaged and educated to enable them to fulfill their tax obligations without any hitches”.
