Lagos - Even as Nigeria’s revenue from oil continues to drop, non-oil income from tax is also on the decline as the Federal Inland Revenue Service (FIRS) tax collection reduced by N25 billion in January
The service collected N347billio as against the N372billion target for the month in the 2014 budget, reports New Telegraph.
The shortfall is attributable to factors including collections due mainly to security challenges in some parts of the country and inaccurate tax returns.
Read more at New Telegraph.
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