The newly appointed Acting Chairman of the Federal Inland Revenue Service (FIRS), Zach Adedeji, said on Monday that it would work on generating an 18% tax-to-GDP ratio in the next three years.
He took over from Muhammad Nami, who was asked by President Bola Tinubu to go on a three-month pre-retirement leave ahead of his exit in December this year.
His speech, according to BusinessDay
- Our aspiration is audacious – to surpass Africa’s average tax-to-GDP ratio of 16.5% and achieve an impressive 18% within three years.
- By doing so, we aim to reduce our nation’s reliance on borrowing and ensure financial sustainability.
- As we chart our course ahead, FIRS is committed to placing innovation, technology, and fresh ideas at the forefront of our operations. This strategic focus will empower us to enhance efficiency, fortify against revenue leaks, and bolster coordination and accountability within our organization.
- Our overarching goal is to nurture voluntary tax compliance by establishing a modern, dependable tax system that gamers the trust and admiration of all stakeholders. Through this, we hope to Create an environment where taxpayers willingly fulfill their civic duties.