By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Nigeria Now Has 41 Million Taxpayers, But Revenue Generation Still Low – FIRS
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Nigeria Now Has 41 Million Taxpayers, But Revenue Generation Still Low – FIRS

News

Nigeria Now Has 41 Million Taxpayers, But Revenue Generation Still Low – FIRS

Daily Report Nigeria
Daily Report Nigeria
Published: June 15, 2025
Last updated: June 15, 2025
2 Min Read
Share
Nigeria Now Has 41 Million Taxpayers, But Revenue Generation Still Low - FIRS | Daily Report Nigeria
SHARE
Muhammad Nami, chairman of The Federal Inland Revenue Service (FIRS) has revealed Nigeria now has 41 million taxpayers.

Nami, who made this known on Friday, at the public presentation and breakdown of the 2022 appropriation bill, however said generation revenue is still low.

Speaking at the event which held in Abuja, the FIRS boss said: “If you also compare that with South Africa where they have a total population of about 60 million people, with just four million taxpayers, the total personal income tax paid in South Africa last year was about N13 trillion. You can now see that these things are not adding up,”

Also Read: Fuel Subsidy is A Scam; Sanusi

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

“The number of billionaires in Lagos alone are more than the number of billionaires in the whole of South Africa, but what we generated as PIT by Lagos state was low.

“So, if we don’t pay these taxes, there is no way the government will be able to provide the social amenities required, the critical infrastructure required, for the wellbeing of the country.

“People are not willing to pay even when they are appointed as agents of collection; whatever they have collected, they find it difficult to remit.

“We assume that we are a rich country. I don’t think that is correct. We only have the potential to be rich, because we have a very huge population of about 200 million.

Also Read: Nigeria’s Tax System is Problematic And Confusing; Fayemi

“If you look at it from the rate of taxes paid in Saudi Arabia with a population of 10 million people, the VAT rate is as high as 15 percent and what we have in Nigeria is just 7.5 percent.”

NAN also quoted him to have said, N4.2 trillion was the total tax collection “up till September 2021”, adding that oil-related taxes accounted for 22 percent which is N950 billion, while non-oil taxes generated within that period was N3.3 trillion.

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Daily Report NigeriaFIRSTaxTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Club World Cup : Chelsea, Palmeiras Advance to Quarter Finals | Daily Report Nigeria
Club World Cup : Chelsea, Palmeiras Advance to Quarter Finals
Sports
Obi Slams Tinubu for Saint Lucia Vacation Amid Soaring Insecurity, Hunger in Nigeria | Daily Report Nigeria
Obi Slams Tinubu for Saint Lucia Vacation Amid Soaring Insecurity, Hunger in Nigeria
News
Fubara Justifies Peace with Wike, Says Reconciliation Needed for Rivers’ Stability | Daily Report Nigeria
Fubara Justifies Peace with Wike, Says Reconciliation Needed for Rivers’ Stability
Politics
Motorcyclist Shot Dead by Armed Men in Abia | Daily Report Nigeria
Motorcyclist Shot Dead by Armed Men in Abia
Metro
Jeff Bezos, Lauren Sanchez – At a Glance | Daily Report Nigeria
Jeff Bezos, Lauren Sanchez – At a Glance
Fact File

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Three Dead, Eight Hospitalized As Lagos Ministry, Police, Hoodlums Demolish 200 Buildings | Daily Report Nigeria
News

Three Dead, Eight Hospitalized As Lagos Ministry, Police, Hoodlums Demolish 200 Buildings

June 14, 2025
BREAKING: Yakubu Maikyau Emerges NBA President | Daily Report Nigeria
News

BREAKING: Yakubu Maikyau Emerges NBA President

June 13, 2025
Remi Tinubu: Group Calls on Nigerians to Support President’s Wife
Politics

Remi Tinubu Disburses N50M To 250 Nasarawa Elders

June 15, 2025
Buhari’s Speech At UNGA Didn’t Reflect Nigeria’s Current Realities - Reps Minority Caucus | Daily Report Nigeria
News

Buhari’s Speech At UNGA Didn’t Reflect Nigeria’s Current Realities – Reps Minority Caucus

June 13, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?