2022 Budget: Senate approves N215.8bn for FIRS

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Of the total amount approved, N119.7 billion was earmarked for Personnel Cost, N60.2 billion for Overhead Cost and N36 billion for Capital Cost.

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It was sequel consideration of a report by the Senate Committee on Finance, presented by the chairman, Adeola Olamilekan Adeola .

Mr Olamilekan informed the Senate that the 2022 projected Cost of Collection of N215.81 billion was slightly lower than the 2021 approved revenue which stood at N216.6 billion. He also explained that personnel cost was based on staff strength on the payroll including social benefits such as NHIS, pension contribution and anticipated performance bonus for the year.

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