Zacch Adedeji, acting chairman of the Federal Inland Revenue Service, FIRS, has reiterated the committed of the present government to surpass Africa’s average tax-to-GDP ratio of 16.5 per cent by achieving an impressive 18 per cent within three years.
Adedeji, who was until recently revenue adviser to President Bola Tinubu, revealed this during the handling over between him and the outgone chairman, Muhammed Nami.
Among many other things, the doctorate degree holder in public sector financing, said the agency’s “overarching goal is to nurture voluntary tax compliance by establishing a modern, dependable tax system that garners the trust and admiration of all stakeholders.” Through this, he added, “we hope to create an environment where taxpayers willingly fulfill their civic duties.”
According to Adedeji, who thanked his predecessor and other agency’s staff for what they have achieved over the years, revealed that “presently, we confront a pressing revenue crisis, with a staggering 96% of government revenue being funneled into servicing our debts. This stark reality necessitates swift and resolute action on our part. We cannot afford to delay; we must act decisively to reverse this concerning trend.
“In our pursuit of a brighter fiscal future, we are determined to align ourselves with President Bola Tinubu’s esteemed Fiscal Policy and Tax Reforms Committee. This collaboration will enable us to shape a prosperous fiscal landscape that empowers our nation’s growth and development.
“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.
“For those who deviate from their tax obligations, rest assured, we will enforce our responsibilities judiciously. We will implement a robust enforcement model that effectively deters tax evaders while maintaining fairness and transparency in our processes.
“A fundamental aspect of our mission is to elucidate to taxpayers why their civic duty matters. We are committed to simplifying our tax system, making it accessible and comprehensible, thereby facilitating voluntary tax payments and fostering a sense of civic responsibility.
“Quality data will be the cornerstone of our operations, enabling us to measure our progress, make informed decisions, and maintain the highest standards of accountability. We recognize that data-driven strategies are essential to our success.
“I pledge to maintain an open-door policy, actively engaging with stakeholders to collaboratively construct a tax administration that we can all take pride in. Together, we will build an institution that serves as a beacon of excellence.
“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.
“The principles of integrity, confidentiality, professionalism, and fairness are non-negotiable in our service to the nation. Upholding these values will guide our actions and interactions as we work tirelessly to fulfill our mission.
“I would like to emphasize our unwavering commitment to the welfare of our staff. Your dedication will not go unnoticed, and we pledge to recognize and reward your hard work and dedication. Together, as one united team, we will work tirelessly to secure the prosperity of our nation and the well-being of its citizens.
Speaking earlier, Nami thanked former president Muhammadu Buhari and incumbent Tinubu for the support they gave him during his tenure, charging his successor to continue from he stopped.
Adedeji later held meetings with top management of the agency.
