Economy

Nigeria Needs Tech-Driven, Trusted Tax System to Overcome Revenue Challenge – FIRS Boss Adedeji

The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji has said that Nigeria must design a tax system that is broad-based, technology-enabled and trusted by citizens.

According to him, the country’s revenue challenge is not merely about the numbers but structure, mindset and execution.

Adedeji, while speaking on the topic: “Economic Resilience in an Era of Dwindling Revenue” during the maiden edition of Distinguished Lecture Series of the University of Ilesa, Osun State, over the weekend, explained that revenue diversification is no longer a policy preference but a national imperative.

Adedeji pointed out that it was important to restructure the productive base of the economy from crude oil and embrace a system with multiple engines of growth in agro-processing, digital economy, creative industry and solid minerals, among others.

A statement by Dare Adekanmbi, Special Adviser (Media) to the FIRS chairman quoted him as saying “We have made some gains, but resilience demands more than marginal improvements. It requires structural change, bold reforms and unwavering commitment to fiscal sustainability.

“The first pillar is the need to generate more revenue from within fairly, efficiently, and sustainably. Nigeria cannot continue to depend on volatile oil revenues or foreign loans to fund development.

FIRS
L-R, The Orangun of Oke-Ila, Oba Adedokun Abolarinwa; the chairman of the Federal Inland Revenue Service (FIRS) and guest lecturer, Dr Zacch Adedeji; the Vice-Chancellor, University of Ilesha, Professor Taiwo Asaolu, during the maiden edition of the varsity’s distinguished lecture series delivered by Adedeji at the institution, on Friday. Photo credit: Victor Onarinde

“We must build a tax system that reflects the true size and structure of our economy. This requires moving beyond a narrow band of large, formal companies and capturing economic activities in the informal sector, the digital economy, and high-net-worth individuals who remain outside the tax net.

“It also involves closing compliance gaps through stronger enforcement, simplified procedures, and better taxpayer education. With digital innovations like TaxPro Max, e-Tax Clearance Certificate, and tax intelligence, FIRS is already leading the way in automating compliance and making tax administration smarter and more data-driven. Domestic revenue mobilisation is not just a fiscal task, it is a nation-building strategy”.

He noted that FIRS as the nation’s central tax authority was already helping Nigeria transition from vulnerability to strength.

“FIRS is not just a tax collector. It is a strategic institution at the heart of Nigeria’s fiscal sustainability agenda, and it is undergoing one of the most profound transformations in its history.

“To rebuild public trust in the tax system, we are modernising not just our systems but also our mindset and culture towards greater professionalism, integrity and service orientation.

“FIRS is not waiting for resilience to be handed to it. We are building it from the ground up. Through automation, legal reforms, multi-level collaboration, and institutional renewal, we are laying the fiscal foundation for a Nigeria that can weather storms, adapt to change and grow sustainably,” he added.

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