The Chairman of the FIRS, Zacch Adedeji, announced that the Federal Government successfully collected N1.5 trillion in education tax, significantly surpassing its target of N70 billion.
He noted that, overall, from the N19.4 trillion earmarked for the fiscal year 2024, N18.5 trillion had been collected by the end of September.
On Monday, Adedeji shared this information during a collaborative meeting with the joint Committees on Finance, Budget, and National Planning of the National Assembly, focusing on the 2025-2027 Medium Term Expenditure.
He said, “On Education tax, while N70bn was targeted, a total of N1.5tn has been realised.
“All in all, out of N19.4tn targeted for 2024 fiscal year, N18.5tn was realised as of the end of September, which clearly shows that the target, will be far exceeded by the end of the year.”…Don’t Miss Out! CLICK HERE TO KEEP READING> >>
