Firs targets 4 9trn naira internal revenue for 2016

According to the 2016 Budget Speech delivered by the Minister of Finance, Mrs. Kemi Adeosun, on December 17, 2015, the Federal Government of Nigeria set a target of N4.9 trillion as its internal revenue for the year 2016.

Here is the relevant excerpt from the 2016 Budget Speech:

"Mr. Speaker, Honourable Members, we have set a target of N4.9 trillion as our internal revenue for 2016. This is a significant increase from the N3.3 trillion we generated in 2015. We believe that with the measures we are putting in place, we can achieve this target and reduce our reliance on oil revenue."

Source: 2016 Budget Speech by Mrs. Kemi Adeosun, Minister of Finance, December 17, 2015.

It's worth noting that the actual internal revenue generated by the Federal Government of Nigeria in 2016 was N3.03 trillion, which was lower than the target set.