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The Federal Inland Revenue Service (FIRS) said on Thursday that it made N4.122 trillion between January to October.

This, according to agency was in spite of COVID-19 challenges, financial Act 2019 incentives and palliatives concessions.

Executive Chairman, FIRS, Mohammad Nami who disclosed this in Ilorin, the Kwara State capital at the Tertiary Education Trust Fund (TETfund)/FIRS 2020 joint interactive session, explained that its non-oil revenue collection performance in the same period stood at N2.8 trillion while oil revenue collection performance was N1.3 trillion.

Nami also said the service collected N251billion as at October this year for the TETfund.

Represented by the agency’s director, state coordinator of Oyo, Ogun and Osun, Nureni Fasola, the FIRS boss said the agency made N214 billion for the Fund in 2019.

In his own remarks, the chairman board of trustees of the Fund, Kashim Imam said 226 tertiary institutions in the country would access N500 billion from TETfund in 2021.

He said the Fund was committed to impact more, adding that the BoT under his leadership was determined to prove that “public agencies should work and must work to get results.


“The synergy between the FIRS and TETfund is vital to the transformation that is evident in our public tertiary institutions nationwide. This was achieved as a result of joint delivery of complementary services by providing amiable and lasting solutions to our beneficiaries. In addition, the successful strategic partnership over the years can be attributed to the strong, relentless commitment and cooperation by the leadership of both organizations and our zeal to improve Nigerian education nationwide,” he said.

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Imam further stated that the team of the TETfund and FIRS would visit project sites in tertiary institutions in the state to see if the funds were judiciously utilized.

Earlier, Executive Secretary of TETfund, Prof. Suleiman Bogoro, who was represented by Director of Finance Idris Saidu said the fund was “striving to change the narratives by taking practical steps to put the nation on a revolutionary path of a knowledge based economy.”