The Federal Inland Revenue Service (FIRS) has commended Nigeria’s top-performing taxpayers in the year 2021 them for fulfilling their fiscal obligations and thereby assisted government to meet its social contract with the Nigerian citizens, despite the harsh economic conditions imposed by the COVID-19 pandemic.
The revenue agency, in a statement signed by its Executive Chairman, Muhammad Nami, noted that without the taxpayers, the Service would not have been able to achieve the feat it recorded in 2021 during which it surpassed its tax collection target for the year and crossed the N 6trillion threshold for the first time.
He stated: “The FIRS is pleased to celebrate the top-performing taxpayers who contributed to her success in 2021. The Service surpassed its tax collection target in 2021, and in doing so, crossed the N6trillion threshold for the first time.”
The Service further stated that the tax revenue collection of N6.405 trillion in 2021 was made possible by the leadership of President Muhammadu Buhari, the support of the Ministry of Finance, Budget and National Planning, and the National Assembly too.
Nami further clarified: “The feat recorded by the Service was made possible by the uncommon leadership of the President, Commander-in-Chief of the Armed Forces of Nigeria – Muhammadu Buhari, the active support of our supervisory Ministry, the backing of the National Assembly and its leadership as well as the cooperation of all other stakeholders in the tax area.
“To everyone who contributed to FIRS’ success in 2021, we say thank you.
“Of particular importance is the contribution of our much esteemed taxpayers; they defied the very harsh global economic conditions imposed by the lingering COVID-19 pandemic to produce a heroic performance in tax payment, compliance and support.
“The combined efforts of all taxpayers made it possible for the Service to achieve the tax revenue collection of 2021 which provided our governments with necessary funds to meet their social contracts with the citizens,” the FIRS boss added.
The FIRS listed the top-performing taxpayers as including the Nigeria Liquefied Petroleum Gas Company Ltd, which was recognized as the Most Supportive Taxpayer; while the Nigeria National Petroleum Company was listed as the Highest Taxpayer.
Others are, Mobil Producing Limited, Star Deep Water Petroleum, MTN Nigeria Communications Plc, Shell Petroleum Development Company Limited, Chevron Nigeria Limited, Total E & P Nigeria Limited, Airtel Networks Limited, Nigeria Petroleum Development Company Limited, Nestle Nig. Plc, Dangote Cement, Nigeria Breweries Plc, Total Upstream Nigeria Ltd, Indorama Eleme Petrochemicals Ltd, NIG Agip Oil Co. Ltd, British American Tobacco Marketing, Guaranty Trust Bank Plc, Stanbic IBC Bank Plc and Lafarge Africa Plc.
The revenue agency also commended the Northern Cables Processing and Manufacturing Limited (NOCACO) and Ikeja Electric Plc for being the most improved in tax filing and VAT compliance respectively and also solicited taxpayers’ support in order to make taxation the hub of the nation’s sustainable development.
