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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
Victory Over Insurgency Certain, Tinubu Assures
President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.
The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.
He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.
Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.
“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.
“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.
The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.
Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.
He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.
“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”
The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.
The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.
Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.
News
US Embassy, Lagos Consulate Close Today For President’s Day
The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.
The mission made this known in a notice shared on its official X page, yesterday.
“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.
According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.
The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.
In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.
Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.
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Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role
United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.
Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.
The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.
Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.
“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.
The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.
Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.
The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.
In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.
“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.
Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.
He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.
Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.
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