The newly appointed Acting Executive Chairman of the Federal Inland Revenue Service (FIRS), Zaccheaus Adedeji, has lamented a situation where Nigeria spends 96 per cent of its revenue on debt servicing, saying the trend would be reversed soon. [ad] Adedeji, who spoke during a handing-over ceremony at the FIRS Headquarters in Abuja, yesterday, said he would take urgent steps to reverse what he called an “unhealthy fiscal system”.
The newly appointed Acting Executive Chairman of the Federal Inland Revenue Service , Zaccheaus Adedeji, has lamented a situation where Nigeria spends 96 per cent of its revenue on debt servicing, saying the trend would be reversed soon.
He said his goal is to nurture voluntary tax compliance by creating an environment where taxpayers willingly perform their civic duty. He thanked his predecessor, Mohammed Nami, whom he said his tenure elevated the standards and commitment to excellence has set a remarkable precedent. He added: “Quality data will be the cornerstone of our operations, enabling us to measure our progress, make informed decisions, and maintain the highest standards of accountability. We recognise that data-driven strategies are essential to our success.
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