The Federal Inland Revenue Service (FIRS) has achieved a historic milestone by collecting N21.6 trillion in revenue for 2024, surpassing its initial target of N19.4 trillion. This was disclosed by the Executive Chairman, Dr. Zacch Adedeji, during the 2025 Strategic Management Retreat in Abuja.
Dr. Adedeji attributed the success to resilience, professionalism, and a strategic focus on technology, people, and processes. He emphasized that FIRS is not just a revenue collection agency but a key driver of national development, enabling the government to deliver critical infrastructure and social services.
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on this achievement, FIRS has set an ambitious target of N25.2 trillion for 2025. The agency plans to leverage advanced tax technology, expand integrated tax administration systems, and unify national platforms to enhance efficiency. By adopting emerging technologies like artificial intelligence and blockchain, FIRS aims to improve tax collection, minimize leakages, and boost compliance.
Taxpayer engagement and compliance will also be a major focus in 2025. FIRS intends to enhance taxpayer-facing platforms to simplify the payment process while strengthening enforcement measures to curb tax evasion. Institutional reforms will be implemented to ensure long-term resilience and efficiency in tax administration.
Dr. Adedeji described 2025 as a year of action, impact, and excellence, with FIRS determined to play a crucial role in funding Nigeria’s economic growth. The record revenue generated in 2024 underscores the agency’s commitment to innovation and efficiency, ensuring the government has the resources needed to drive national development.
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