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Revenue Collection As a Strategic, Effective Tools To Restructure Nigeria

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BY MUSA ILALLAH

EMEKA ANYAOKU STREET ABUJA musahk123@yahoo.com

Acronymed “FIRS”, the Federal Inland Revenue Service has stood out since its rebirth in 2019 under the leadership of its Executive Chairman, Muhammad Mamman Nami as one more agency of government working hard for the benefit of all Nigerians. Indeed FIRS broke the jinx and did wonders for the country by raising the revenue collection bar every year since his coming on board.

In 2021, the FIRS Chairman told Nigerians that the service collected N6.405 trillion in tax revenue for the year 2021, surpassing its target by more than 100%. What a great, incredible success, that was.

Since its creation in 1947, the FIRS had never crossed the six-trillion mark till Muhammad Nami took over the reins of the Service.

In 2022, the FIRS did not rest on its 2021 achievement but in fact added over 3 trillion Naira to its total tax collection for the year.

The FIRS, in the year 2022 collected a total of N10.1 trillion comprising of both N4.09 trillion from oil and N5.96 trillion from non-oil sectors. This is notably a paradigm shift from the country’s reliance on oil to the non-oil sector.

But for the various tax waivers FIRS granted under various respective laws amounting to N1.8 trillion, the revenue collection would have reached N12 trillion in 2022. Undoubtedly, the FIRS Performance Report for 2022 is unprecedented in the history of the country’s revenue collection.

Providing perspective to this unprecedented tax collection, the FIRS noted in its 2022 Performance Update that the Muhammad Nami-led management on assumption of office adopted a four-point focus to aggressively and patriotically pursue tax collection as a “task that must be done”.

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They include administrative and operational restructuring; making the service customer-focused; creating a data-centric institution; and improving its stakeholder relations.

From the 2022 Performance Report, Companies Income Tax contributed N2.83 trillion; Value Added Tax, N2.51 trillion; Electronic Money Transfer Levy, N125.67 billion while Earmarked Taxes contributed a total of N353.69 billion.

It is the first time that the FIRS will cross the 10-trillion Naira mark in tax revenue collection largely due to the foresight and determination of Mr. Muhammad Nami to make the difference in the country.

Some strategies the FIRS under Mr Nami’s leadership had adopted include strategic administrative and operational reforms; implementation of new policies towards improving FIRS capacity towards the fulfilment of its mandate, and appropriate deployment of technology for tax administration.

A look at FIRS tax revenue collection showed that in 2019 it collected N5.32 trillion; in
2020, it was N4.9 trillion and in 2021 it was N6.405 trillion.

Speaking on the outlook for 2023, Mr. Nami had in confidence stated that the Service would build on the current reforms, achieve full automation and continue to establish a resilient Service that would continue to provide sustainable tax revenue to fund the government.

“We intend to maintain, and even improve on the momentum in 2023,” he stated.

“Our goal is to identify more areas where we can improve upon in the delivery and efficiency of collection; plug loopholes, while deploying innovative reforms in data and artificial intelligence.”

Also a critical evaluation of 2022’s Company Income Tax records showed a significant hike in taxes paid by companies across the board.

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For example, tax from firms in the information and communication sector rose by 158.51% from N51.05 billion in the 3rd quarter of 2021 to N131.97 billion in the corresponding period in 2022.

In the same vein, manufacturers paid the most taxes during the period in review, as the Federal Government increased the number of taxes collectable by the Federal Inland Revenue Services from 39 to 61 items.

It is my candid view that government can effectively use FIRS as a springboard for strategic and effective restructuring of the country’s economy.

All said and done, FIRS has proved that given the right leadership, support and resources, government agencies can be relied upon to patriotically generate money for it to deliver on its mandate on service delivery.

Undoubtedly, FIRS has witnessed serious transformation under the leadership of Mr. Nami since his appointment as its Executive Chairman.

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Sallah: Nigerian Traders Express Concerns Over Declining Sales

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Traders in Lagos have voiced their concerns regarding the significant decline in food sales, particularly for pepper, attributing the downturn to rising prices and the diminished purchasing power of local residents.

In interviews conducted by the News Agency of Nigeria (NAN), both traders and consumers shared their experiences regarding patronage as the Sallah celebration approaches.

Mr. Rabiu Zuntu, Chairman of the Tomato Growers and Processors Association of Nigeria (Kaduna chapter), linked the situation to the heightened prices of produce and the weakened purchasing capacity of consumers. He stated, “Pepper prices in the north are also steep, with a jumbo 50kg bag reaching as high as N150,000, compared to N60,000 to N70,000 just months ago. This price surge may adversely affect the Sallah festivities, as only a few consumers may afford these products.”

Zuntu further explained, “Currently, we are outside the pepper farming season. Insufficient rainfall has led to a scarcity of this commodity, with only a handful of farmers involved in irrigation. Many will resort to using dried pepper, which is more affordable during this time, although demand remains low. We anticipate an increase in demand as the celebration nears.”

Mrs. Mistura Balogun, a pepper vendor at Lawanson Market in Surulere, echoed these sentiments, noting the unusually low customer turnout. “It’s not just pepper that has become expensive; many other goods have seen price increases as well. Typically, this time of year should see a bustling market, but today is quite different. I have been at my stall since morning, and the number of customers is minimal,” she lamented.

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Similarly, Mrs. Mojisola Gbadegesin, another pepper seller at Idi-Araba market, reported a stark decrease in patronage. “Despite the high prices, we usually see customers buying pepper, but this year is different. The market feels deserted, and business is sluggish,” she remarked.

Mrs. Judith Amen, also a foodstuff vendor, highlighted that the rising prices of pepper and other food items are likely to escalate further as the celebrations peak. “At the start of the week, a small bag of scotch bonnet pepper was priced at N70,000, and I expect prices to soar over the weekend due to Sallah. A good quality bag of rice is selling for N85,000, while lower-quality options range from N60,000 to N75,000. Although patronage is currently low, we anticipate an uptick a day before Sallah, but consumers will only purchase what they can afford,” she explained.

Mr. John Nwabueze, a trader in the Agege area, expressed frustration over the lack of customers as Eid celebrations begin. “Sales have been notably low, with people buying only what their budgets allow. The market has been unusually quiet, affecting all commodities, including rice. A 50kg bag of rice is priced between N76,000 and N78,000, yet sales remain sluggish this Sallah,” he noted.

Mrs. Amina Fakunle, a resident of the Alimosho area, remarked that the high cost of pepper would lead consumers to celebrate in a more subdued manner. “Just six pieces of pepper cost about N500, which is the lowest price available. With these prices, people will likely opt for a low-key celebration,” she stated.

Mr. David Oriafo, a resident of the Dopemu area, also commented on the lack of festive activity in the market. “I managed to purchase a few items for my family to save costs, but it’s evident that the usual festive buzz is missing. People are only buying what they can afford, much like myself,” he shared. (NAN)

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Nigerian Boxer ‘Success’ Olanrewaju Dies After Ring Collapse

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A Nigerian boxer, Segun “Success” Olanrewaju, has died after slumping during a boxing match in Ghana.

The Secretary-General of the Nigerian Boxing Board of Control (NBB of C), Remi Aboderin confirmed the death of the boxer on Sunday.

The 40-year-old boxer, nicknamed “Success”, stumbled to the canvas while fighting Jon Mbanugu, a Ghanian, at Fight Night 15 of the Ghana Professional Boxing League at Bukom Boxing Arena, Accra, on Saturday.

Olanrewaju was not punched or near his opponent when he collapsed violently in round three of the light-heavyweight bout.

The referee called the match immediately, and medical aid was ushered into the ring.

Olarenwaju died after he was rushed to Korle Bu Teaching Hospital.

Ther boxer was a former West African and national light-heavyweight champion.

He competed in 24 bouts with 13 wins, eight losses, and three draws.

In 2022, Chukwuemeka Igboanugo, another boxer, also died after suffering a technical knockout (TKO) in a bout at the National Sports Festival (NSF) in Delta.

Igboanugo died after he took a fatal blow to the nose and did not survive the hit.

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I Asked Wike If TSA Exit Would Help My Party Win FCT — Tinubu

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President Bola Tinubu has revealed the political calculus behind his decision to approve the Federal Capital Territory Administration’s (FCTA) exit from the Treasury Single Account (TSA).

He disclosed that he first asked FCT Minister, Nyesom Wike, whether the move would give his party an electoral advantage in the nation’s capital.

Speaking during the 2025 Eid-el-Fitr homage by FCT residents at the Presidential Villa, Tinubu offered an unusually candid account of how the major fiscal reform came about—and the political considerations that shaped it.

“I remember the day Nyesom Wike came to me and said, ‘Please, take us out of this problem of TSA, so that I can do more work, and I achieve more,’” the President recounted.

According to Tinubu, before granting the request, he challenged Wike to explain how the reform would benefit not just governance but also his political interests.

“Then I said, ‘Okay, tell me what you’re about to do.’ And he presented it. And I threw in my own political guide. I said, ‘Would that give me any opportunity for my party to win the election in FCT?’”

The President, referencing the political dynamic between Wike—a member of the opposition—and himself, continued: “I said, ‘I know where you are coming from—your own party or my party. If this thing goes too much in your own favour, you will lose your job.’ Then he said, ‘Okay, we settle that, Oga.’”

President Tinubu also declared that hunger is reducing, security is improving, and Nigeria is beginning to feel the results of his administration’s reforms.

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Tinubu attributed part of the visible progress in the FCT to the efforts of Minister Wike.

The President, who expressed gratitude to Almighty Allah for the successful completion of Ramadan, said Nigerians are starting to experience relief across several sectors.

“We are living in peace, and security is improving. There is satisfaction in our output. The hunger is coming down. Food prices lowering. We are able to go to the market and do business,” he said.

While addressing the diverse delegation from the FCT, Tinubu praised the spirit of discipline, prayer, and compassion exhibited during the holy month of Ramadan.

He urged Nigerians to carry those values into everyday life, especially in caring for the less privileged.

“We must continue to share. We must remember the orphanages, the widows, the have-nots—believing that we can share both in joy and in times of need,” he said.

Turning his attention to developments within the FCT, President Tinubu applauded Wike, for bringing progressive ideas and executing key projects.

He cited the revival of abandoned infrastructure, the rehabilitation of health centers and schools, and the modernization of public services.

“We wouldn’t have been able to open our mouth to even celebrate if not for the progressive ideas you have given,” Tinubu told Wike. “The health facilities are being upgraded, our teachers and schools are being rehabilitated. Thank you, Wike.”

He also commended Wike’s performance as a southerner effectively managing affairs in the heart of northern Nigeria.

“That is a very good reflection of our diversity that we must use for our prosperity,” the President noted.

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In his remarks, Wike congratulated the President and the Muslim Ummah on the successful completion of the 30-day fast, describing the holy month as a season that instills values of sacrifice, self-discipline, compassion, and unity—values he said align with the President’s leadership style.

“This visit marks a historic moment,” Wike noted. “It is the first time residents of the FCT have had the opportunity to extend our greetings and best wishes to you in person during this blessed period. We are truly delighted to be here.”

Highlighting the developmental strides achieved under Tinubu’s administration, Wike praised the President’s support in enabling key institutional reforms in the FCT.

He cited the FCTA’s exit from the Treasury Single Account (TSA), the creation of the FCT Civil Service Commission, the establishment of new Mandate Secretariats for Women and Youths, and the appointment of Permanent Secretaries as landmark steps that have strengthened governance and service delivery in the territory.

“None of these significant strides would have been possible without your commitment to the well-being of the FCT and its residents,” Wike said.

He further affirmed the FCT Administration’s unwavering loyalty to the Tinubu-led government and reiterated its full commitment to the Renewed Hope Agenda.

According to him, the delegation that accompanied him to the Villa represented the rich diversity of the FCT—spanning religious, political, and traditional leaders, heads of security agencies, civil servants, members of the media, and everyday residents.

“Despite our different backgrounds, we are united in our unwavering support for your administration. This unity demonstrates our collective commitment to national progress under your visionary leadership,” the Minister added.

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Wike also disclosed that the FCT is preparing an array of impactful projects for commissioning as President Tinubu’s second anniversary in office approaches.

These projects, he said, are focused on infrastructure development, improved economic opportunities, and enhanced quality of life for FCT residents.

“We still recall with gratitude your physical presence at five of the nine projects commissioned during your first anniversary. We now look forward to hosting Your Excellency again to witness firsthand the tangible progress made over the past 12 months,” Wike said.

Concluding his address, the FCT Minister offered prayers for the President, the First Lady, and the entire First Family, wishing them good health, wisdom, and divine guidance.

“May this Eid bring peace, prosperity, and continued progress to our nation,” he said.

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