The Federal Inland Revenue Service (FIRS), has revealed that it recorded unprecedented progress in revenue collection, culminating in a remarkable achievement of ₦12.3 trillion in the last financial year for Nigeria.
Mr. Zacch Adedeji who is the Chief Executive Officer of FIRS, said this on Saturday at the FIRS special day at the ongoing 35th Enugu International Trade Fair.
Represented by a staff of the organisation, Mrs Aisha Ribadu, Adedeji, said the success was a testament to its dedication to nurturing and empowering its workforce and to ensuring they possessed the skills, knowledge and tools necessary to excel.
He expressed his heartfelt appreciation to the Enugu State Chamber of Commerce, Industry, Mines and Agriculture, ECCIMA, for its discerning choice of theme, “Promoting Made-in-Nigeria Products for Global Competitiveness.”
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The FIRS boss added that the choice of theme reflected the collective aspiration to not only dominate the African market but to assert relevance on the global stage.
“Investing in human capital is the cornerstone of sustainable development, and nations that prioritize human development inevitably experience enduring growth and prosperity,” he said.
In another report, Nigeria’s crude oil production has recorded its second consecutive drop this year, from 1.32 million barrels per day in February to 1.23 in March, according to data from the Organisation of Petroleum Exporting Countries (OPEC)’s latest monthly oil market report.
The 92,000 per day decline recorded in March brings the total loss for the two months to about 196, 000 barrels per day.
Looking at the chart for Africa’s top oil producers within OPEC, Libya narrowly overtook Nigeria with about 1.24 million barrels per day produced in March.
Meanwhile, Africa Today News, New York reports that Nigeria’s oil rig count rose by another three in March, climbing to 19, from February’s count of 16.