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FIRS rakes N3.9trn tax collection in Q1 2024 

Dr. Zacch Adedeji, the chairperson of the Federal Inland Revenue Service (FIRS), says the revenue agency achieved a milestone of collecting a total of N3.94 trillion in tax revenue during the first quarter of 2024.

FIRS Chairman
FIRS Chairman

Abuja, Nigeria

Dr. Zacch Adedeji, the chairperson of the Federal Inland Revenue Service (FIRS), says the revenue agency achieved a milestone of collecting a total of N3.94 trillion in tax revenue during the first quarter of 2024.

Adedeji, however, despite the performance, FIRS didn’t achieve its quarterly revenue target which was N4.8tn.

The FIRS boss spoke during a meeting with a delegation from the Chartered Risk Management Institute of Nigeria at the FIRS Headquarters in Abuja.

Analysis by DailyAgent revealed that the Q1 performance recorded a 56.7 per cent increase in tax collection compared to the amount recorded in the first quarter of 2023.

According to Adedeji, FIRS will intensify efforts throughout the remaining three quarters of the year to achieve its ambitious N19.4tn revenue target for 2024.

Tayo Koleosho, chief of the staff to the chairperson, who represented his boss, highlighted the consistent dedication of the revenue agency to its mandate of revenue generation and meeting government targets.

He expressed pride in the agency’s ability to collaborate effectively with stakeholders like the Chartered Risk Management Institute of Nigeria.

He said FIRS in its strategic vision, aims to create an environment conducive to growth, including the removal of obstacles for corporate entities and ensuring a tax administration that is friendly, customer-centric, and supportive of business growth.

He stated that the FIRS remains resolute in its mission to drive revenue collection and contribute to the economic development of Nigeria. With ongoing collaboration and a commitment to excellence, the service aims to surpass expectations and foster a thriving business landscape in the country.

“Over the years through the various administrations, the service has maintained its mandate of generating revenue and meeting the government’s targets. “We will continue to make giants stride, and we take pride in meeting and surpassing our revenue collection targets for the federation with constant collaboration with stakeholders like the CRMI.

“We have resolved to create an environment of growth by removing every obstacle in the way of corporate entities and ensure a tax administration that is friendly, customer-centric, and ready to help businesses to bear more fruits,” he said.

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