FIRS Sets Ambitious Goals For Revenue Growth And Leak Prevention....KINDLY READ THE FULL STORY HERE▶

The newly appointed acting chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, emphasized on Monday the agency’s unwavering commitment to fostering the growth and development of Nigeria.

Adedeji, who assumed office after being appointed as FIRS’s acting chairman by President Bola Ahmed Tinubu last Thursday, conveyed this message in a statement posted on X (formerly Twitter).

He expressed ambitious aspirations, aiming to surpass Africa’s average tax-to-GDP ratio of 16.5% and achieve a remarkable 18% within three years. This, he noted, would contribute to reducing the nation’s reliance on borrowing and ensuring its financial sustainability.

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Adedeji further articulated FIRS’s determination to align itself with President Bola Tinubu’s Fiscal Policy and Tax Reforms Committee, fostering collaboration to help the government shape a prosperous fiscal landscape that empowers national growth and development.

He highlighted the agency’s strategic focus on placing innovation, technology, and fresh ideas at the forefront of its operations. This strategic approach, Adedeji asserted, would empower FIRS to enhance efficiency, combat revenue leakage, and strengthen coordination and accountability within the organization.

Adedeji’s overarching goal is to nurture voluntary tax compliance by establishing a modern, dependable tax system that garners the trust and admiration of all stakeholders. He envisions an environment where taxpayers willingly fulfill their civic duties.

In the event of deviations from tax obligations, Adedeji assured that FIRS would diligently enforce its responsibilities. The agency plans to implement a robust enforcement model that effectively discourages tax evasion while maintaining fairness and transparency in its processes.

Adedeji emphasized a fundamental aspect of FIRS’s mission: elucidating to taxpayers the significance of their civic duty and the agency’s commitment to simplifying Nigeria’s tax system, making it accessible and comprehensible. This approach is expected to facilitate voluntary tax payments and cultivate a sense of civic responsibility.

Quality data will serve as the cornerstone of FIRS’s operations, enabling them to measure progress, make informed decisions, and uphold the highest standards of accountability, recognizing the importance of data-driven strategies for success.

Adedeji pledged to maintain an open-door policy, actively engaging with stakeholders to collaboratively build a tax administration that all Nigerians can take pride in. He emphasized the non-negotiable principles of integrity, confidentiality, professionalism, and fairness in the agency’s service to the nation.

Lastly, Adedeji extended heartfelt appreciation to his predecessor, Muhammad Nami, whose leadership elevated FIRS standards during his tenure, setting the stage for the agency’s future endeavors. He concluded by emphasizing his belief in the importance of revenue growth as the lifeblood of a nation’s economy, enabling the fulfillment of essential duties to its citizens.