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The National Assembly has commended the Chairman, Federal Inland Revenue Service, FIRS, Mr Zacch Adedeji for surpassing the revenue collection target of N19.4trillion in 2024 to N21. 6trillion .
The lawmakers stated this during the 2025 budget defence by agencies under the Ministry of Finance in Abuja.
Impressed by the performance, the National Assembly, through its joint committee on Finance, proposed a N25trillion tax collection or revenue generation target for FIRS in 2025 fiscal year .
First to make the commendation after presentation made by the FIRS boss on revenue collection performance of the agency in 2024 and projection for 2025, was the Deputy Chairman, House of Representatives Committee on Finance, Saidu Musa Abdullahi who described the performance as unprecedented.
Also commending FIRS for surpassing the projected tax revenue in 2024, Senator Joel Onowakpo Thomas in his remarks , said taxes all over the world is the way to go, hence the very reason, FIRS must deepen the process through planned reforms.
Chairman of the Senate Committee on Finance, Senator Sani Musa told, FIRS to work with the N25trillion projected revenue set for it in 2025, adding that It is achievable and even surpassable”.
James Itodo, Edited By Grace Namiji
Written by: Kevin Nwabueze
FIRS For hitting Revenue : NASS Applauds
todayFebruary 16, 2025
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