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FIRS generates N12.3trn in 2023

by Alice Babalola

The Chief Executive of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, has lauded the organization’s extraordinary achievement in revenue collection, reaching an impressive N12.3 trillion in 2023.

Speaking through FIRS representative Mrs. Aisha Ribadu at the 35th Enugu International Trade Fair on Friday, Adedeji attributed this success to the agency’s commitment to nurturing and empowering its workforce with the necessary skills and tools for excellence.

Adedeji expressed gratitude to the Enugu State Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) for selecting the theme  “Promoting Made-in-Nigeria Products for Global Competitiveness,” which underscores the nation’s aspiration to dominate not only the African market but also assert its relevance globally.

He emphasized the importance of investing in human capital for sustainable development, highlighting FIRS’s transformative reforms aimed at diversifying revenue sources and improving the taxpayer experience.

Adedeji mentioned the Taxpromax Solutions, an innovative e-service platform facilitating seamless tax obligations for taxpayers.

In his welcome address, ECCIMA President Mr. Odeiga Jideonwo underscored the significance of the FIRS special day in fostering closer ties between the business community, the public, and the tax agency.

Jideonwo urged FIRS to collaborate with other government agencies and stakeholders in the private sector to redefine and streamline the country’s tax administration and regime.

He commended FIRS for its innovative initiatives aimed at bringing more companies into the tax network voluntarily, which would not only boost revenue but also provide opportunities for those previously evading tax payments to rectify their status.

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