Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), has addressed concerns regarding four tax bills currently before the National Assembly, asserting that they do not pose a threat to the operations or existence of any revenue-generating agencies. This was stated in a press release from the FIRS on Wednesday.
During a meeting held at the Revenue House in Abuja with leaders from the National Agency for Science and Engineering Infrastructure, the National Information Technology Development Agency, and the Tertiary Education Trust Fund, Adedeji characterized the apprehensions as unfounded.
He clarified that the proposed change of the FIRS name to the Nigeria Revenue Service is not intended to lead to the takeover of other federal agencies, despite widespread speculation to the contrary. Rather, he emphasized that these reforms are designed to enhance the nation’s fiscal framework and improve operational efficiency.
Adedeji stated, “I want to assure you that nothing in the bills will diminish your funding, effectiveness, or efficiency. The provisions within the bills are intended to establish a strong foundation for your sustainability.”
He added that the Federal Government is working to reposition its fiscal outlook to meet the funding needs of all agencies, with the primary goal of enhancing tax efficiency and simplifying compliance. Once enacted, the bills will enable various agencies to concentrate on their core functions without the burden of revenue collection, allowing them to focus more effectively on their mandates.
He addressed concerns regarding the perceived diminishing roles of agencies, explaining that these reforms are part of President Bola Tinubu’s broader strategy to harmonize Nigeria’s tax laws.
“The laws that established these agencies, commissions, and boards include tax provisions that must be enforced. Therefore, when agencies fulfill their constitutional roles as defined by their respective laws, it is not illegal,” Adedeji noted.
He highlighted that President Tinubu’s vision is to overcome existing challenges by consolidating the fragmented tax laws into a cohesive framework. “The Nigeria tax bill aims to update our practices and stimulate economic activity. To attract global investors, Nigeria must present itself as a competitive and appealing destination for business,” he stated.
The FIRS statement concluded by noting that the agency heads took the opportunity to share insights into their respective mandates and contributions toward Nigeria’s development agenda.
