States’ Internal Revenue Collection Rises N2trn, Says Adedeji

Mr. Zacch Adedeji, Special Adviser to President Bola Ahmed Tinubu on Revenue
Mr. Zacch Adedeji, Special Adviser to President Bola Ahmed Tinubu on Revenue.

States’ Internal Revenue Collection Rises N2trn, Says Adedeji

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has revealed that states’ Inland Revenue Service (IRS) have recorded improvements in revenue collection which has now reached N2 trillion mark for the first time.

Adedeji stated this on Wednesday in Abuja at the 154th meeting of the Joint Tax Board (JTB) with the theme “Optimising Tax Administration: Leveraging Harmonisation of Taxes via Digital Transformation.”

He said, “The unprecedented collection of N12.3 trillion posted by the FIRS in 2023 gives us more conviction that with the right things being done, and the right people in the right places, we can achieve the seemingly impossible.

“We are also encouraged by the performance at the sub-national level, where numbers are looking at crossing the N2 trillion threshold for the first time ever.”

He however noted that the service is just interested in nominal growth rates.

The FIRS chairman added that innovation will be the focus in positioning the JTB as a hub for pioneering ideas that align with its mandate, technologies, and approach to issues of tax administration. And that internal processes will be streamlined to enhance overall organisational efficiency and responsiveness in a more visible and impactful manner.

Also speaking, the Executive Chairman of Kano Inland Revenue Service (KIRS), Sani Abdulqadir Dambo, said the state had migrated to digital revenue collection which led to N3.6 billion revenue collections for January.

“The next plan is to be able to reach N5 billion but with the commercial activities and potential in the state, we can get to N10 billion revenue collections monthly,” Dambo explained.