Why FIRS boss Adedeji hit N3.84tr record in Q1 2024 — Official

FIRS chairman, Zacch Adedeji has said that Nigeria needs law to overhaul its revenue collection and regulate the cryptocurrency landscape
FIRS chairman, Zacch Adedeji

An official of the Federal Inland Revenue Service (FIRS), Arabinrin Aderonke, has offered insight into why her agency set a new record in the first quarter of 2024 with an N3.94 trillion collection.

Aderonke explained that this achievement was due to the exceptional skill in driving revenue growth and establishing new performance milestones, exhibited by the Executive Chairman of the FIRS, Zacch Adedeji.

She explained that the achievement represents a 56% increase from the previous year, where the FIRS not only exceeded its 2023 revenue goal of N11.55 trillion by collecting a remarkable N12.36 trillion.

Aderonke, who is the Technical Assistant, Broadcast Media at the FIRS, in a piece on Friday noted that Adedeji didn’t stop there as he understood that the future of tax administration lies in innovation, which led to the integration of nine new modules into the TaxProMax system.

“This step automated over 80% of previously manual processes, cutting down on inefficiencies and making life easier for taxpayers across the board. Whether you’re a large corporation or a small business owner, FIRS now has a ‘One Stop Shop’ approach, where tax office operations are fast, transparent, and efficient services,” she noted.

“The Tax Boss made notable strides by launching the Anti-Corruption and Transparency Unit (ACTU) with the backing of the ICPC, aimed at combating corruption and upholding integrity in tax administration.

“More recently, he is also leading the National Single Window Project (NSWP), which promises to transform Nigeria’s trade sector with a unified digital platform for import and export activities.

“These achievements are just the beginning. Dr. Zacch’s first year in office is a clear indication that he is not just a reformer but a leader with the expertise and drive to push Nigeria’s economy forward.

“He will continue his mission of strengthening the country’s tax administration in line with the renewed hope mandate of President Tinubu.

“Dr. Adedeji’s highly commendable achievement in just a year has further confirmed the notion about President Bola Tinubu’s ability to identify great, formidable, and talented individuals among a multitude of people.

“As he steps into another year, these accomplishments are just the tip of the iceberg. For Nigeria, this means a future of enhanced transparency, efficiency, and fairness, promising a strong and sustainable economy. One thing is certain: the Tax Boss is ready to do whatever it takes to keep Nigeria on the path of progress and economic revitalization.”

She recalled that Zacch’s first major move was the complete restructuring of the FIRS with a vision that wasn’t just about meeting revenue targets but about building a system that worked seamlessly for the government and, more importantly, for Nigerians.

She added: “Under his guidance, the agency has become more cohesive, adaptable, and driven by cutting-edge technology. The move towards a data-driven and customer-centric approach has redefined how tax operations are conducted, bringing in efficiency and transparency that were previously lacking.

“Improving the welfare and take-home of FIRS staff was another achievement under Dr. Zacch’s leadership. This wasn’t just about rewarding employees. He understood that a thriving workforce is the backbone of any successful organisation.

“By investing in the people behind the scenes, the Tax Boss created an environment where employees feel valued and motivated, leading to improved performance and setting a new standard for efficiency within the agency.

“Dr. Zacch’s tax philosophy is reflected in his straightforward phrases like ‘We tax the fruit, not the seed’ and ‘We tax prosperity, not poverty.’ These ideas show his focus on fair taxation and have made tax processes clearer and more cooperative.”

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