FIRS lauds armed forces on security, boosting tax revenue

• Nigeria witnessing transformation under Adedeji, says CDS

Federal Inland Revenue Service (FIRS) Chairman, Dr Zacch Adedeji, has said President Bola Tinubu’s security agenda is yielding results, commending the Armed Forces and other security personnel for their dedication to securing the country.

Adedeji said that for the first time in a long while, FIRS had been able to meet its 2025 tax revenue target for the oil and gas sector. The FIRS chairman spoke in Abuja yesterday when the Chief of Defence Staff, General Christopher Musa, and his team paid him a visit at the Revenue House.

He said the increase in tax revenue from oil production activities was largely on account of the maintenance of peace in the Niger Delta area, leading to greater profits for the oil companies and higher tax revenue for the Federation.

A statement by his Special Adviser on Media, Dare Adekanmbi, quoted Adedeji as saying the development was in line with President Tinubu’s avowed commitment to taxing prosperity and not poverty.

He said prosperity could only be achieved in an atmosphere of peace, stressing the critical importance of stakeholders in the security sector to the sustenance of peace in the country.

“The Armed Forces are critical stakeholders, and you are central to the sustenance of peace in the country. The coordinating director, Large Tax Group, made a presentation at the management meeting today on tax collection to date.

“And I am glad to say that, for the first time in a long while, we met our oil and gas target, which is actually a result of the peace that has been maintained where oil and gas facilities are located. And this is because production is happening, and companies are making more profit from it.”

“To strengthen the morale of our security operatives, President Bola Tinubu is committed to your welfare as well as giving them state-of-the-art equipment and machinery to work with,” Adedeji said.

He pledged to support the successful hosting of the forthcoming African summit for Chiefs of Defence Staff to be hosted by Nigeria in Abuja.

Join Our Channels