Zacch Adedeji, the new acting executive chairman of the Federal Inland Revenue Service (FIRS), says his target is to increase Nigeria’s tax-to-gross domestic product (GDP) to 18 percent in three years.
acting executive chairman of the Federal Inland Revenue Service , says his target is to increase Nigeria’s tax-to-gross domestic product to 18 percent in three years.He said efforts would be made to reverse the “unhealthy fiscal system”, adding that his goal is to nurture voluntary tax compliance by creating an environment where taxpayers willingly perform their civic duty.
“By doing so, we aim to reduce our nation’s reliance on borrowing and ensure financial sustainability. “A fundamental aspect of our mission is to elucidate to taxpayers why their civic duty matters. We are committed to simplifying our tax system, making it accessible and comprehensible, thereby facilitating voluntary tax payments and fostering a sense of civic responsibility.”the agency would enforce its responsibilities judiciously.
The acting executive chairman promised that under his watch, FIRS would place innovation, technology, and fresh ideas at the forefront of its operations.
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