Multinationals owe Nigeria N5.4 Trilliion unpaid taxes – FIRS Chief

Nigeria lost over $178 billion (about N5.4 trillion) through tax evasion by multinationals doing business in the country between 2007 and 2017.


Nigeria lost over $178 billion (about N5.4 trillion) through tax evasion by multinationals doing business in the country between 2007 and 2017. This assertion was made by the Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, yesterday

At a workshop on effective audit of multinational corporations for domestic revenue mobilisation in Nigeria, which was organised by the service in partnership with the Tax Justice Network, Nami said the service has created 35 additional tax audit units over the last one year to stem illicit financial outflows as well as improve tax compliance rate among corporations.

According to Nami many “rich multinational corporations do not pay the right taxes due from them, let alone pay their taxes voluntarily.”

He, however, observed that some of the companies were “leading in tax compliance in various sectors.”

Citing a 2014 report by the High-Level Panel on Illicit Financial Flows from Africa, the FIRS boss stated that “Nigeria accounted for 30.5 per cent of money lost by the continent through illicit financial flows.”

“At the FIRS, we are paying greater attention to tax audit in general and transfer pricing audit in particular in order to improve the level of tax compliance in the country.

“As a result, in the last one year, we have created more than 35 additional tax audit units and deployed experienced and capable staff to take charge of these offices,” he added.

In a statement by the Director, Communications and Liaison Department, Dr. Abdullahi Ahmad, Nami said “with the signing of the 2021 budget of N13.58 trillion by President Muhammadu Buhari and given the recent decline in oil resources, the major revenue earner for the country, taxation is expected to continue to shoulder the government’s budget performance the way it did in 2020.

This, he said, underscored the importance of the workshop, particularly as tax audit of multinational corporations remained crucial in the country’s domestic revenue mobilisation efforts.

You might also like

Leave A Reply

Your email address will not be published.

  1. Skdfen says

    cialis online usa – were can i buy cialis online pharmacy discount code

  2. Keixoj says

    viagra soft cheap – viagra online cheapest buy viagra professional

  3. Ugucdq says

    best online generic tadalafil – generic cialis pills united states tadalafil

  4. Bciqzl says

    ivermectin 90 mg – ivermectin usa ivermectin tablet 1mg

  5. Qkoxsp says

    wind creek casino online games – free slots online online casino real money

  6. Hurswp says

    best erectile dysfunction pills – erectile dysfunction medication ed treatments

  7. Vzhijb says

    deltasone coupon – prednisone 10 mg tablets generic over the counter prednisone

  8. Jdkfln says

    viagra 1000mg – viagra 4 sale price viagra

  9. Tzsfti says

    where can i buy cialis over the counter usa – Cialis prescriptions generic 10mg cialis

  10. Gjkrad says

    ivermectin 50mg/ml – ivermectin over counter ivermectin side effects

  11. Jizsww says

    best ed pills on the market – strongedpl ed pills that work quickly

  12. Cwgciq says

    ventolin price usa – ventolin price usa generic ventolin

  13. zortilo nrel says

    Regards for all your efforts that you have put in this. very interesting info .

  14. Hlhlvs says

    cytotec buy online india – how much is cytotec in south africa cytotec pills for sale in south africa

  15. index says

    Really Appreciate this post, can I set it up so I receive an email sent to me when you make a new update?

  16. Ocxwdt says

    doxycycline over the counter australia – doxycycline 50 mg tablets price generic doxycycline online

  17. Gdskkf says

    neurontin 800 mg cost – buy synthroid online canada synthroid cost

  18. Mcfpez says

    viagra tablet canada – sildenafil 25mg 50mg 100mg 5mg viagra

  19. Wesrvw says

    cheapest tadalafil cost in usa – generic cialis daily canada how to get cialis

  20. Hvhqqp says

    how much does vardenafil cost – free vardenafil buy vardenafil viagra online

  21. Ybofcu says

    price of stromectol – ivermectin 4 mg stromectol xl

  22. Xxkfgt says

    prednisone 20 mg without prescription – prednisone 20mg by mail order prednisone 40

  23. Ooxtrl says

    where can you get accutane – cheap accutane 40 mg buy 40mg accutane online

  24. Hutieb says

    buy amoxicilin noscript – amoxil 875 amoxicillin on line

  25. Rgccil says

    medrol 8mg – lyrica tablet cost

  26. Havdzf says

    purchase essays online – essay writer helper do my research paper

  27. Obtvwz says

    where can i order viagra online – Buy viagra canada viagra generic canada discount

  28. Yerghh says

    cialis price europe – tadalafil online 10mg

  29. Cxuxwk says

    buy ivermectin canada – ivermectin rx ivermectin ireland

  30. Shppcj says

    prednisone 40mg for sale – prednisone 5 mg brand name prednisone price in usa

  31. Ktvssx says

    furosemide 40 mg tablet buy – furosemide tab 40mg lasix 80 mg price

  32. Qdvbvp says

    ventolin inhalers – generic ventolin buy ventolin inhaler

  33. Gkxhrf says

    cost cytotec generic – cytotec over the counter cytotec for labor induction

  34. Kutsuu says

    doxycycline australia cost – prednisolone 20 mg brand name prednisolone 20mg

  35. Kygdka says

    ivermectin pills human – stromectol for sale ivermectin 12 mg

  36. Zxykeb says

    stromectol for sale – stromectol tablets 3 mg stromectol tablets for humans

  37. Veyior says

    sildenafil online – order sildenafil generic sildenafil names

  38. Fgccal says

    buy tadalafil online cheap – tadalafil dosage tadalafil 5 mg

  39. Zpqsgp says

    where can you get accutane online no rx – how can i get accutane online isotretinoin for sale

  40. Kefinw says

    order research papers – academic writing

  41. Pbitim says

    stromectol for lice – ivermectin usa buy ivermectin

  42. zovrelioptor says

    I like this post, enjoyed this one regards for posting.

  43. Lfyytu says

    sildenafil for sale online – Overnight cialis medicine cialis tablets

  44. Ukomeu says

    what is vardenafil used for – usa pharmacy erectile dysfunction definition

  45. Dfghvg says

    can you buy vardenafil over the counter – vardeed best over the counter erectile dysfunction pills

  46. Ohwjkg says

    hydroxychloroquine generic – define hydroxychloroquine where to buy prednisone in canada

  47. Gssxtk says

    cenforce 150 – viagra buy vidalista 40mg

  48. Pzprhs says

    xenical cap 120mg – orlistat orlistat 60

  49. Xbplhv says

    ivermectin covid – purchase stromectol ivermectin 250ml

  50. Xzzlin says

    generic viagra in usa – sildenafil over the counter buy generic viagra online free shipping

  51. Gjebue says

    tadalafil from india to usa – buy no rx cialis buy cialis online usa

  52. Gcvxkj says

    prednisone 10mg cost – online prednisone prednisone 80 mg tablet

  53. Vaclur says

    cialis price in mexico – free trial of cialis cheap online cialis

  54. Zoakhn says

    ivermectin otc – buy ivermectin uk ivermectin cream canada cost

  55. Zbyfwi says

    ivermectin generic name – stromectol buy stromectol for human

  56. Elzhdx says

    cost of viagra 2017 – viagra soft coupons where can i buy viagra pills over the counter

  57. Acijtj says

    can i buy viagra over the counter in south africa – viagra 100mg discount viagra india

  58. Gbbith says

    cialis 5mg australia – cialis online cialis soft gel caps

  59. Qwdpey says

    wholesale pharmacy – Buy cheap cialis internet pharmacy mexico

  60. Eqpmeq says

    ivermectin eye drops – stromectol purchase ivermectin 12 mg tablets

  61. Nicmte says

    buy ivermectin 3 mg online – ivermectin pills canada stromectol pills canada

  62. Kgymcl says

    slot machine – casino online gambling

  63. Lchlba says

    research paper assistance – term papers writing essays online to buy

  64. Jzprrk says

    200 mg viagra online – Canadian viagra 50mg viagra San Jose

  65. Iffnil says

    buy ivermectin 6mg – ivermectin 12mg online ivermectin 3mg without a doctor prescription

  66. Fintke says

    cost of ivermectin – ivermectin uk stromectol price

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More