The Executive Chairman of Federal Inland Revenue Service (FIRS) Muhammad Nami has stated that the service would surpass the targets set by TETFUND for 2020 and 2021.
The Executive Chairman, Nami, disclosed in Port Harcourt at the Tertiary Education Trust Fund, 2020 TetFund/FIRS interactive forum with stakeholders in the South-South Zone, with the theme “New thrust in sustaining the EDT collection during COVID-19 pandemic for effective service delivery of the mandate of the fund.”
Mr Nami who was represented by a Coordinating Director, Ezra Zuberu, at the interactive forum, stated that in 2019, the agency collected N214 billion EDT from companies.
He disclosed that as at October, 2020, it collected N251 billion, adding that it would attain the set target despite the challenges posed by COVID-19 pandemic.
“This year, there has been the challenge of COVID-19. But, that has not deterred us. We are working to ensure that the taxes are collected and used accordingly. As at October, 2019, we generated N214 billion. As at October, 2020, we have gathered N251 billion. We will surpass the targets given to us for this year and even for next year,” he stated.