Business

FIRS generates N12.3trn in 2023

Federal Inland Revenue Service (FIRS) has witnessed unprecedented progress in revenue collection, culminating in a remarkable achievement of N12.3 trillion in 2023.

The FIRS Chairman, Zacch Adedeji, disclosed this at the Service special day at the ongoing 35th Enugu International Trade Fair on Friday, April 12, 2024.

Adedeji, who was represented by a staff of the Service, Aisha Ribadu, said the success was a testament to its dedication to nurturing and empowering its workforce, and to ensuring they possessed the skills, knowledge, and tools necessary to excel.

He expressed his appreciation to the Enugu State Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) for its discerning choice of theme, “Promoting Made-in-Nigeria Products for Global Competitiveness”.

The FIRS boss added that the choice of theme reflected the collective aspiration to not only dominate the African market but to assert relevance on the global stage.

He said: “Investing in human capital is the cornerstone of sustainable development, and nations that prioritise human development inevitably experience enduring growth and prosperity.

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“The FIRS has spearheaded transformative reforms aimed at diversifying revenue sources and enhancing the overall taxpayer experience.

“One of such initiatives is the introduction of the Taxpromax Solutions, an innovative e-service platform designed to empower taxpayers to fulfill their obligations seamlessly from anywhere at any time.”

He further expressed gratitude to ECCIMA for affording the FIRS the invaluable opportunity to showcase its commitment to national development.

On his part, the ECCIMA President, Odeiga Jideonwo, said the essence of the special day was to bring the business community and the general public closer to the activities and operations of the FIRS.

He commended the FIRS for its various innovations aimed at voluntary bringing into its database and companies to boost the tax network.

Jideonwo added that it would also boost revenue with the attendant grace offered in the process to those who had been evading tax payment.

The Star

Segun Ojo

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