The federal government has settled the N157.35 billion Pay As You Pay (PAYE) tax liabilities owed states by Federal Ministries, Departments and Agencies (MDAs), Chairman, Federal Inland Revenue Service, Tunde Fowler, has said.
Mr Fowler said the liabilities covered the period 2002 to 2016.
Mr Fowler spoke at the South-east zone of the New National Taxpayer Identification Number (TIN) Registration System on Thursday in Awka, Anambra State.
He expressed optimism that the remittances would encourage state governments to reciprocate and promptly remit all withholding taxes and value added tax (VAT) collections due to the Federation Account.
He said over the last four years, the economic policies of the current administration have focused on establishing a stable foundation for further socio-economic growth and development.
Mr Fowler, who is also the Chairman of the Joint Tax Board (JTB), said the impact has been made, not only in tax-revenue administration but in the environment of doing business in Nigeria.
He listed some of the achievements of the JTB and the FIRS in the last few years to include the expansion of the tax base from 10 million to 20 million taxpayers with the potential for an increase of up to 45 million before the year ends.
Also, he said there is also an exponential growth in the internally generated revenue at the sub-national level by 46.11 per cent, from N800.02 billion in 2016 to N1.16 trillion in 2018.