Senate raises FIRS 2025 revenue target to N25trn

The National Assembly has raised the revenue target for the Federal Inland Revenue Service (FIRS) to N25 trillion from N19.4 triilion. This was disclosed by Executive Chairman of FIRS Zacch Adedeji,

During a presentation on Wednesday by Executive Chairman of FIRS Zacch Adedeji, on the agency’s performance and future projections, the National Assembly’s joint Committee on Finance proposed a N25 trillion revenue target for FIRS in the 2025 fiscal year.

Deputy Chairman of the House of Representatives Committee on Finance, Hon. Saidu Musa Abdullahi, lauded the agency’s performance as “unprecedented, encouraging the agency to study South Africa’s tax collection model, which generates higher revenues despite a significantly smaller population.”

“We shall give you total support on your tax reform, but you need to bring more taxable citizens into the net from the informal sector.”

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