Revenue generation by the 36 states of the federation has risen from N800.02 billion in 2016 to N1.6 trillion in 2018, representing a 46.11 per cent rise, according to data released yesterday by the Federal Internal Revenue Service (FIRS).
FIRS Chairman, Mr Babatunde Fowler, who also chairs the Joint Tax Board (JTB), attributed the boost in states’ revenue collection to the attendant impact of the economic policies of the federal government.
Fowler spoke in Ilorin, the Kwara State capital, at the North-central regional flag-off of the New Tax Identification Number (TIN) Registration System and National Consolidated Taxpayer Database, which was attended by representatives of governors of the six states that make up the geopolitical zone. Read more