News
FIRS Nets N3.8trn In Record Revenue
The Federal Inland Revenue Service (FIRS) says it generated N3.81 trillion as revenue in the last nine months.
The FIRS made the claim yesterday in Abuja in a statement signed by its Director of Communications, Mr Emmanuel Obeta,
“With this amount, the FIRS has surpassed the N3.6 trillion provisional annual budget estimate nine months into the year, with oil taxes recording N2.399 trillion and N1.406 trillion for non-oil.
“The collection represents increased revenue collection performance of about N890 billion, when compared to the total collection of N2.91 trillion for the same period in 2011, the statement said.’’
The statement said that the FIRS had so far collected and remitted the sum of N23.30 billion tax revenue due to the Federal Capital Territory Administration (FCTA) for the first nine months of 2012.
It said that the amount represented “Pay-As-You-Earn’’ (PAYEE) tax and Personal Income Tax (PIT) collected from FCT residents.
This, it added, reflected an increase in tax collection in the period, when compared to the N21. 94 billion remitted to FCTA for the same period in 2011.
“In 2011, the service recorded N955.19 billion tax collection in the first quarter, N985.30 billion in the second quarter and N974.65 billion in the third quarter,’’ the statement said.
The statement said that the 2012 figure represented a remarkable increase in tax collection, which comprised N1.172 trillion in first quarter, N1.267 trillion in the second quarter and N1.366 trillion in the third quarter respectively.
It also said that the N23.30 billion so far remitted to the FCTA represented a considerable increase in FIRS’ collection and remittance, when compared to the N23.24 billion figure in 2010.
“A breakdown of the collection, from January to September shows that the sum of N2.027 billion was realised in January, N2.691 billion in February, N3.133 billion in March, N2.721 billion in April and N3.044 billion in May.
“The figure recorded in June was N2.221 billion, N3.055 billion in July, N2.463 billion in August, while N1.947 billion was generated as tax revenue in September.
“Remarkably, FIRS has taken steps to bring more potential taxpayers into the tax net through the establishment of Satellite Tax Offices (STO) across the FCT’s major markets in 2012,’’ it said .
The statement, nonetheless, called for more collaboration and partnership among relevant stakeholders so as to actualise the service’s determination to expand the country’s revenue base.
It said that part of FIRS’ strategies was to improve taxpayer’s education and services, processes and procedures, while bringing tax administration closer to taxpayers in order to enhance voluntary tax compliance.
News
FG Ends Passport Production At Multiple Centres After 62 Years

The Nigeria Immigration Service has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, disclosed this yesterday while inspecting Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
He said the centralised production system aligned with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for better service delivery.
News
FAAC Disburses N2.225trn For August, Highest In Nigeria

The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for the month of August 2025, the highest ever allocation to the three tiers of government and other statutory recipients.
This marks the second consecutive month that FAAC disbursements have crossed the N2 trillion mark.
The revenue, shared at the August 2025 FAAC meeting in Abuja, was buoyed by increases in oil and gas royalty, value-added tax (VAT), and common external tariff (CET) levies, according to a communiqué issued at the end of the meeting.
Out of the N2.225 trillion total distributable revenue, FAAC said N1,478.593 trillion came from statutory revenue, N672.903 billion from VAT, N32.338 billion from the Electronic Money Transfer Levy (EMTL), and N41.284 billion from Exchange Difference.
The communiqué revealed that gross federation revenue for the month stood at N3.635 trillion. From this amount, N124.839 billion was deducted as cost of collection, while N1,285.845 trillion was set aside for transfers, interventions, refunds, and savings.
From the statutory revenue of N1.478 trillion, the Federal Government received N684.462 billion, State Governments received N347.168 billion, and Local Government Councils received N267.652 billion. A further N179.311 billion (13 per cent of mineral revenue) went to oil-producing states as derivation revenue.
From the distributable VAT revenue of N672.903 billion, the Federal Government received N100.935 billion, the states received N336.452 billion, while the local governments got N235.516 billion.
Of the N32.338 billion shared from EMTL, the Federal Government received N4.851 billion, the States received N16.169 billion, and the Local Governments received N11.318 billion.
From the N41.284 billion exchange difference, the Federal Government received N19.799 billion, the states received N10.042 billion, and the local governments received N7.742 billion, while N3.701 billion (13 per cent of mineral revenue) was shared to the oil-producing states as derivation.
News
KenPoly Governing Council Decries Inadequate Power Supply, Poor Infrastructure On Campus
The Governing Council of Kenule Beeson Saro-Wiwa Polytechnic, Bori, has decried the inadequate power supply and poor state of infrastructural facilities and equipment at the institution.
The Council also appealed to the government, including Non-Governmental Organisations, agencies, as well as well-meaning Rivers people to intervene to restore and sustain the laudable gesture, dreams and aspirations of the founding fathers of the polytechnic.
The Chairman of the newly inaugurated Council, Professor Friday B. Sigalo, made this appeal during a tour of facilities at the Polytechnic, recently.
Accompanied by members of the team, Prof Sigalo emphasised the position of technology, technical and vocational education in sustainable development.
He noted that with the prospects on ground, and the programmes and activities undertaken in the polytechnic, there is no doubt that the institution would add values to the educational system in our society and foster the desired development, if the existing challenges are jointly tackled.
This was contained in a statement signed by Deputy Registrar, Public Relations, Kenpoly, Innocent Ogbonda-Nwanwu, and made available to The Tide in Port Harcourt.
The chairman who restated the intention of his team of technocrats to ensure that KenPoly enjoys desirable face-lift, said the Council would deliver on its core mandates, accordingly.
Earlier, the Rector, KenPoly Engr. Dr. Ledum S. Gwarah, commended the appointment of Professor Friday B. Sigalo as Chairman of the KenPoly Governing Council.
He described him and his team as seasoned technocrats and expressed confidence in their ability to succeed.
The Rector pledged the management’s support to the Council to ensure that KenPoly resumes its rightful place in the comity of polytechnics in the country.
Facilities visited by the Governing Council include KenPoly workshops, laboratories, skills acquisition centre, library, hostels and medical centre.
Chinedu Wosu
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