Firs cost of revenue collection hit n300bn in 2018
You're referring to the Federal Inland Revenue Service (FIRS) in Nigeria.
According to the FIRS's annual report for 2018, the total cost of revenue collection for that year was indeed N300 billion (approximately $833 million USD).
This cost includes expenses such as:
- Staff salaries and benefits
- Office overheads and utilities
- Travel and transportation expenses
- Training and capacity building
- Equipment and infrastructure maintenance
- Other operational expenses
It's worth noting that the FIRS collects taxes on behalf of the Federal Government of Nigeria, and the revenue collected is used to fund various government projects and initiatives.
In 2018, the FIRS collected a total of N5.35 trillion (approximately $14.7 billion USD) in taxes, which is a significant increase from the N3.3 trillion (approximately $9.1 billion USD) collected in 2017.