One thing you probably know President Bola Tinubu for is head-hunting the right talents to deliver the goods. Even before he became the pre
says the praises being given to the agency for growing tax revenue should be reserved for President Bola Ahmed Tinubu, who has set the right economic parameters in place for the agency to succeed. He also speaks on the reforms carried out at the agency under his leadership, sharing some insights on the new customer-focused approach to tax administration, among other issues. Excerpts:
Expanding the tax net has always been a challenge and I think the President has made reference to that – widening the tax net, getting many taxpayers on board and not to increase taxes.Somehow, you have been able to report a 58 per cent increase in the first quarter of 2024 when compared with the same period in 2023. How did you achieve that?
Let me use this opportunity to correct an erroneous statement. FIRS is not a revenue-generating agency as some people call us. We only collect the revenue. The President made our job at FIRS easy by helping us set certain economic parameters right through fuel subsidy removal, unification of rates, the Executive Order, setting up the tax committee and much more. The President has always emphasised that our job is to tax the fruits and not the seeds.
Apart from the cement industry that has benefited from that, is there other industry that has benefited? We are making progress there. One wonderful initiative the President has just approved is the National Single Window Project. This is a unified platform where you just have a single point of truth as far as data is concerned for the nation. The significance of this project is that we will now have a single window export, a single window import and scanning system. If you go anywhere in the world, when people compare GDP to taxes, you wonder where the data comes from.
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