REPS APPROVE N215BN AS FIRS BUDGET FOR 2022

…extend life of 2021 national budget to March next year

House of Representatives has approved the total of N215,811,290,243 billion as budget of the Federal Inland Revenue Service, FIRS for the 2022 fiscal year.

Out of the amount, the sum of N119, 68, 000, 000, 000. 00 only is for Personnel Cost; N60,16, 000, 000, 000. 00 only is for Overhead Cost and N35, 97, 000, 000, 000. 00 only is for Capital Cost for the year ending 31 December, 2021.

Chairman of Committee on Finance, Hon. James Faleke moved the motion for the consideration of the report

He said: “That the House do consider Report of the Committee on Finance on the Issue from the Statutory Revenue .

Fund of the Federal Inland Revenue Service (FIRS) the total sum of N215,811,290,243 (Two Hundred and Fifteen Billion, Eight Hundred and Eleven Million, Two Hundred and Ninety Thousand, Two Hundred and

Forty-Three Naira) out of which N119, 68, 000, 000, 000. 00 (One Hundred and Nineteen Billion, Sixty–Eight Million Naira) only is for Personnel Cost N60,16, 000, 000, 000. 00 (Sixty Billion, Sixteen Million Naira) only is for Overhead Cost N35, 97, 000, 000, 000. 00 (Thirty–Five Billion and Ninety – Seven

Million Naira) only is for Capital Cost for the year ending 31 December, 2021.

that a total Expenditure of N215,811,290,243 (Two Hundred and Fifteen Billion, Eight Hundred and Eleven

Million, Two Hundred and Ninety Thousand, Two Hundred and Forty-Three Naira) be approved for the Federal Inland Revenue for the Fiscal Year 2022.”

The report was considered and adopted by the House.

Similarly,  the House also extended the life span of 2021 budget to March next year.