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FIRS Nets N1.5trn In First Quarter

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Federal Inland Revenue Service (FIRS) said it collected a total sum of N1.5 trillion revenue as at the end of April.

This is contained in a statement signed by the services’ Director, Communications and Liaison Department, Mr Emmanuel Obeta, on Thursday in Abuja.

According to the statement, the figure is an improvement on what it collected same period last year.

It stated that FIRS had jerked up its internal-revenue target for 2013 to N6 trillion as against the N5.72 trillion target given to it by the Federal Government.

The statement noted that the new target was drawn from the result of its modernisation and automation projects, particularly the Integrated Tax Administration System (ITAS).

“At the Regional Enlarged Management Meeting (REMM) in Lagos on Thursday FIRS Management team’s strategy was on how to achieve the targets of the service.

“Some of the issues discussed at the Lagos REMM included how to improve efficiency in FIRS revenue collection through the implementation of ITAS and improve staff motivation to ensure utmost performance,’’ it stated.

The acting chairman of the service, Mr Kabir Mashi, said that from August, FIRS would begin to implement various components of the ITAS project, which the service had been working on.

He said that when implemented, the ITAS project would enhance online real time payment of taxes and automatic receipt of tax clearance certificates, real time generation of Withholding Tax Credit Notes.

“ITAS is also expected to automate the raising and posting of assessments, filing of withholding tax credit, collation of arrears, risk analysis, production of reports and automated generation of demand letters to taxpayers.

“The Project will also eliminate paper file movement in the organisation and replace that with electronic systems which will ease hiccups in procurement and payment system in the organisation,’’ he said.

Mashi urged the general public to be wary of some fraudulent elements in the society who might be using the name of the service to extort money from them in the name of getting jobs for them in FIRS.

He said that it had come to his notice that some misguided individuals had been peddling rumour that FIRS was recruiting.

“At the moment, FIRS is not recruiting new staff. FIRS has a tradition of advertising widely its recruitment appeals and we will do that when we have another batch of recruitment.

“I have received a lot of text messages and mails from people on this. They said that some people notified them that FIRS is recruiting, but there is nothing like that going on.

“We have concluded 2010 recruitment exercise and I know that recently, we employed some of our contract staff,’’ he said.

Also speaking, Mr Sunday Ogungbesan, the Coordinating Director, Field Operations Group, said such meetings had helped the FIRS to make effective decisions in the past.

He said that the meeting in Lagos would help the service to interact with the staff in Lagos regions and make good decisions.

“Our main focus in 2013 is of consolidation and strengthening existing ground. This we intend to achieve by vigorously pursuing the goals of the restructuring.

“This goals are entrenchment of customer service strategy operations, consolidation of taxpayer segmentation, improvement of taxpayer services, all aimed at improving taxpayer compliance,’’ he said.

Ogungbesan said that if managed properly, all these efforts are expected to result in high level of increased revenue flow into the revenue basket.

“An up to date report of FIRS revenue collection as at the end of May 2013 shows that our collections are beginning to pick up.

“I urge all Tax Controllers, Regional Coordinators and Directors to work continuously to sustain the rising tempo in order to meet the half-year target at the end of June,’’ Ogungbesan said.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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