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Out of the total collection N1.806 trillion came from nonoil taxes (N1.557 trillion in 2011) which means oil taxes contributed N3.201 trillion or circa 64%. Given that the FIRS collected N4.628 trillion in 2011, how come the total budget for 2012 was reduced by a whopping N1 trillion to N3.635 trillion? Although a budget is simply a plan but it must be sufficiently challenging to drive performance. It appears we either do not fully appreciate the principles of budgeting or we deliberately ignore them to set targets that we are almost guaranteed to exceed.