Tinubu’s economic parameters boosting tax revenue — FIRS Chairman

By Abdulsalam Abdullahi

The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has attributed the significant increase in tax revenue to the economic parameters set by President Bola Tinubu.

In an interview, Adedeji stated that the President’s courageous decisions, such as removing fuel subsidies and unifying exchange rates, have created a conducive environment for businesses to thrive, resulting in increased tax revenue.

He also highlighted the agency’s customer-centric approach, technology investments, and tax education initiatives aimed at improving tax compliance.

Adedeji expressed optimism about surpassing the 2024 target of N19.4 trillion and encouraged Nigerians to support the government’s efforts, emphasizing that tax payment is a civic responsibility crucial for funding infrastructure projects and security initiatives.

The FIRS Chairman praised President Tinubu’s leadership, saying, “The President made our job at FIRS easy by helping us set certain economic parameters right.”

Adedeji also noted that the agency’s focus is on growing the economy, not just collecting revenue.

He added, “When the economy grows, we are better off because when you have 10, we will have three. If you have 20, we will have six, and if you have 30, we will have nine.”

The FIRS Chairman’s comments suggest that the agency is committed to supporting the government’s economic agenda and promoting a business-friendly environment in Nigeria.