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Tag: FIRS

  • FIRS clarifies: Bank accounts don’t require separate tax ID

    FIRS clarifies: Bank accounts don’t require separate tax ID

    The Federal Inland Revenue Service (FIRS) has dismissed claims that Nigerians without a Tax Identification Number (TIN) cannot open or operate bank accounts, describing it as a widespread misconception.

    According to Arabinrin Aderonke Atoyebi, the technical assistant on broadcast media to the FIRS executive chairman, Zacch Adedeji, explained that the country’s tax framework has been redesigned to integrate seamlessly with existing national registries.

    She said this ensures that every individual or entity is automatically identifiable for tax purposes without imposing new hurdles.

    Atoyebi explained: “The Tax Identification Number is a 13-digit unique code assigned to all taxable persons and entities in Nigeria. It encodes information such as issuance year, registry source (NIN for individuals, RC Number for corporates), state of registration, and a security fragment.

    “Far from being a separate requirement, the TIN functions as a statutory tool that enables the FIRS to uniquely verify taxpayers across the country.”

    She added that for individuals, the TIN is automatically linked to the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC).

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    Atoyebi noted that when a customer provides a NIN to open a bank account or for Know Your Customer (KYC) checks, the system cross-checks the database and retrieves the TIN in real time.

    She further stressed, “Similarly, for businesses, the TIN is tied to the RC Number issued by the Corporate Affairs Commission (CAC). Partnerships, cooperatives, and professional associations also have their TINs linked to their respective recognised registries.

    “This design means that neither individuals nor businesses need to present or apply separately for a tax ID before accessing financial services.”

    She highlighted that the benefits of the new framework included, “Seamless Banking: Citizens can open accounts with their NIN or RC Number, while the TIN is integrated automatically.

    “Fraud Prevention: Duplicate and false identities are reduced since each taxpayer is linked to a verified registry.

    “Regulatory Confidence: Banks and regulators can rely on a single verified source for KYC and reporting.

    “Inclusivity: Coverage extends beyond individuals and companies to associations and trustees.

    “Global linkages: The system is designed to interact with international financial and compliance platforms.”

    While clearing the misconception about the new framework, she said the notion that Nigerians cannot operate bank accounts without presenting a tax ID is unfounded.

    She added, “By embedding TINs into existing national databases, the system guarantees automatic compliance.

    “In practice, anyone presenting their NIN at a bank is already tax-compliant—the bank retrieves the TIN during onboarding. Rather than a barrier, the TIN framework is positioned as a gateway to financial inclusion, transparency, and global compatibility in Nigeria’s growing digital economy.”

  • FIRS, EFCC chiefs strengthen pact to enforce voluntary tax compliance

    FIRS, EFCC chiefs strengthen pact to enforce voluntary tax compliance

    The Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) have renewed their commitment to deepen collaboration in a bid to strengthen Nigeria’s tax compliance framework and boost public revenue.

     The development marks another step in the government’s push to curb leakages and foster voluntary tax compliance among citizens and businesses.

    The Executive Chairman of FIRS, Dr. Zacch Adedeji, underscored the need for inter-agency cooperation to maintain financial stability and build public trust in the nation’s tax system.

    Adedeji, who spoke yesterday when he visited the anti-graft agency’s chief, said: “We cannot pursue 200 million Nigerians individually to do the right thing, but we want to put a system in place that will aid compliance.

    “You can help us by letting people know that when they violate the law, there is a place you can keep them. On behalf of the President and Nigerians, we thank you for your support and seek even deeper cooperation.”

    Adedeji stressed that the most effective driver of voluntary compliance was visible evidence of how tax revenues were being used, adding that when taxpayers see government investments in infrastructure, healthcare and education funded by taxes, they are more inclined to comply willingly.

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    “The main advertisement of voluntary compliance is when people begin to see what we use the money we collect for. In achieving that goal, you are critical, not just in arresting defaulters but in supporting our Department of Fraud Risk, Assessment and Control to ensure value for money,” he said.

    Adedeji also highlighted the role of preventive strategies and partnerships in achieving Nigeria’s revenue goals, stating that the agency’s recent success in meeting its revenue target was not a unilateral achievement, but the product of collective efforts with enforcement partners like the EFCC.

    Responding, EFCC Chair, Ola Olukoyede, reaffirmed the Commission’s readiness to work closely with FIRS in enforcing compliance, saying such collaboration would send a strong deterrent message to potential defaulters.

    “Collaboration is very key. When they see EFCC beside FIRS, that will send a signal to the public that it is no longer business as usual,” Olukoyede said.

    He also drew attention to a recent Court of Appeal judgment affirming the EFCC’s authority to investigate tax-related fraud.

     Describing the ruling as a major boost, Olukoyede explained that while the EFCC was not responsible for assessing tax liabilities, it had the statutory power to investigate cases of non-compliance and hand over assessment issues to FIRS.

    “Our duty remains prevention, investigation and prosecution of financial crimes. Synergy is therefore essential,” he said.

    The renewed partnership between FIRS and EFCC comes at a time when Nigeria is grappling with declining oil revenues and rising fiscal pressures, making efficient tax administration a cornerstone of the government’s economic strategy. Experts argue that strengthening compliance not only broadens the tax base, but also reduces reliance on borrowing to fund the national budget.

    Both leaders pledged to consolidate their working relationship, with a shared focus on preventive measures, enforcement and voluntary compliance as the backbone of Nigeria’s tax system. For taxpayers, the message is clear: compliance is not optional, and failure to meet obligations could now come with stiffer consequences.

    The collaboration signals a stronger institutional front against tax evasion and financial crimes, aligning with broader government reforms aimed at ensuring accountability and improving public finance management.

  • FIRS okays eTranzact for e-invoicing rollout

    FIRS okays eTranzact for e-invoicing rollout

    Federal Inland Revenue Service (FIRS) has approved eTranzact International Plc as a certified provider for its e-invoicing rollout, expanding a collaboration that began with VAT automation under Tax Administration 2.0.

    The FIRS e-invoicing platform, Merchant Buyer Solution, introduces structured digital invoices in business to business, business-to-consumer and business-to-government transactions by simplifying tax processes, enhancing compliance, and boosting transparency.

    Mike Adoga, acting director of Tax Automation at FIRS, said the certified providers met the requirements, including nationwide service capacity, security, neutrality and scalability, with technical input from National Information Technology Development Agency (NITDA).

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    Tayo Koleoso, chief of staff to the executive chair of FIRS, said the providers were selected based on their ability to deliver at scale. “NITDA’s role was critical in tightening data protection and cybersecurity on the platform, giving taxpayers confidence that their information is safe and the process is transparent,” he noted.

    Niyi Toluwalope, managing director and chief executive officer of eTranzact, described e-invoicing as a platform for innovation in business-government interaction. “This recognition by affirms our vision to be the preferred integrated financial technology platform for merchants and consumers. For us, e-invoicing is more than compliance. It is opportunity to transform the way businesses interact with government, creating transparency, efficiency and value.”

    This certification builds on the firm’s record of supporting national tax automation. In 2017, under Tax Administration 2.0, the company partnered FIRS and banks to deploy an API system for secure VAT and WHT reporting through TaxPro Max. That infrastructure established a standard for digital transparency in tax reporting and laid foundation for Tax Administration 3.0.

    In addition to tax solutions, eTranzact delivers technology that addresses other government and institutional needs. In 2024, it deployed a verification system for Military Pensions Board, enabling pensioners to authenticate their identities seamlessly.

    Since 2003, it has provided secure and scalable payment infrastructure for industries, licensed by Central Bank of Nigeria for Switching and Processing as well as Mobile Money Operations.

  • FIRS seeks global action against cross-border tax crimes

    FIRS seeks global action against cross-border tax crimes

    Chairman, Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has urged global leaders to intensify efforts against rising cross-border crimes that continue to undermine revenue mobilisation and economic growth.

    A statement from the FIRS said Adedeji made the call while delivering a keynote address at the 42nd Cambridge International Symposium on Economic Crimes (CIDOEC), held at the University of Cambridge, United Kingdom.

    He was represented by Prof Bolaji Owasanoye, Coordinating Director of Proceeds of Crime Management and Illicit Financial Flows at FIRS, and immediate past chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

    Speaking on the theme of this year’s symposium, “Cross-Border Crimes”, the FIRS chairman described such crimes as one of the most pressing challenges of the modern global economy.

    “In a global economy where capital can move faster than law enforcement, and where digital and legal arbitrage often outpace regulation, the fight against cross-border economic crime is, by necessity, both local and global, both urgent and pressing,” Adedeji said.

    He warned that cross-border tax crimes had weakened the ability of nations to raise revenue for development and created unfair competition in global markets.

    “Cross-border tax crimes distort fair competition because compliant companies pay a higher cost for business and appear less profitable,” he stated.

    According to him, individuals and corporations exploiting gaps in international trade and finance systems to evade or manipulate tax obligations are complicit in cross-border crimes.

    “When corporate or natural persons earn income in one country but hide same in another country, when they deceive, conceal or falsify records, they undermine the integrity and fiscal aspirations of the two countries they are manipulating.”

    “When companies engage in abusive transfer pricing and manipulate intra-group transactions between subsidiaries in different countries to shift profits to low-tax jurisdictions, they are engaged in cross-border tax crimes,” Adedeji said.

    The FIRS chairman noted that President Bola Tinubu’s administration inherited not only fiscal challenges but also a system plagued by economic crimes such as abuse of the fuel subsidy regime, exploitation of foreign exchange rate differentials, illicit financial flows, base erosion and profit shifting by multinationals, and trade-based money laundering schemes.

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    He explained that the government’s Renewed Hope Agenda was designed to protect Nigeria’s fiscal sovereignty, boost domestic resource mobilisation, close leakages in the economy, and recover diverted assets.

    “Fiscal reforms were a major part of this vision, thus on June 26, 2025, the President assented to four landmark tax reform bills, a clear signal that our reform agenda is not aspirational but actionable.

    “These reforms modernise our tax laws, enhance transparency, strengthen enforcement, and align Nigeria with global best practices. The new fiscal regime heralds over 400 specific changes into Nigeria’s tax laws and administration,” he said.

    Adedeji also disclosed that the FIRS, which will transition into the Nigeria Revenue Service from January 2026, is redefining its role as not only a tax collection agency but also a fiscal crime prevention, intelligence gathering and sharing organisation.

    He said the agency had embarked on a technology-driven transformation programme to strengthen tax administration in the country.

    “FIRS has launched tax data automation, e-invoicing, real-time analytics, AI-driven anomaly detection, and integrated third-party data matching. These tools ensure that compliance is simplified for taxpayers while evasion becomes more difficult for offenders,” he said.

    He added that the agency is investing in a National Tax Data Warehouse to consolidate information from payment gateways, banks, customs, and other agencies, with the capacity to forecast revenues, detect risks, and identify tax evasion patterns through big data analytics and machine learning.

    “This makes our tax administration predictive rather than reactive,” Adedeji said.

  • FIRS integrates 1,000 large taxpayers into e-invoicing platform

    FIRS integrates 1,000 large taxpayers into e-invoicing platform

    • By Collins Nweze and Precious Nwadike

    The Federal Inland Revenue Service (FIRS) has successfully onboarded over 1,000 large taxpayers into its e-invoicing platform within two weeks of its rollout.

    The Director of Change Management at FIRS, Emmanuel Eze, spoke yesterday at a two-day E-Invoice Post Go-Live Workshop in Lagos.

    The event was organised by the service to strengthen adoption and ensure smooth implementation of the National E-Invoicing Solution (Merchant-Buyer Model).

    Representing the Chief of Staff to the FIRS Executive Chairman, Mr. Tayo Koleosho, Eze revealed that the first live invoice transmissions came from pioneering organisations such as MTN Nigeria, Huawei Nigeria, and IHS Nigeria.

    He added that the service has so far certified 16 companies to act as both System Integrators and Access Point Providers in the e-invoicing ecosystem. More providers are expected to be approved in due course as they meet FIRS criteria.

    “On August 1, 2025, we officially went live with the E-Invoicing Solution for Large Taxpayers — a significant milestone in our drive to modernize tax administration in Nigeria. This achievement was made possible through extensive collaboration between the FIRS, the National Information Technology Development Agency (NITDA), accredited service providers, and our valued taxpayers and consultants. Since go-live, over 1,000 large taxpayers have been successfully onboarded, representing about 20 percent of our target group,” Eze stated.

    The workshop, he said, was designed to provide practical guidance on taxpayer enablement, integration processes, and real-time invoice transmission; introduce certified service providers; host live technical demonstrations and support desk sessions; and engage stakeholders through feedback and Q&A to promptly address operational challenges.

    Recognizing that onboarding is still ongoing, Eze announced a three-month extension to the deadline for integration and invoice transmission — now set for November 1, 2025. “This extension is not an opportunity to delay; rather, it is a chance for all stakeholders to complete integration, test transmissions, and resolve system readiness issues well ahead of enforcement,” he said.

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    According to him, FIRS will continue to provide technical helpdesk services, sector-specific engagement sessions, and work with designated service providers to accelerate integration. “Success depends on mutual trust and cooperation between FIRS, taxpayers, consultants, and technology partners,” he emphasized.

    Also speaking, the Project Manager for the e-invoicing initiative, Mr. Mohammed Bawa, confirmed that over 1,000 out of more than 4,000 targeted large taxpayers have already commenced integration. He explained that the extension was granted to allow the remaining taxpayers to onboard and to provide clarity on post-onboarding steps.

    “We felt it necessary to organize this workshop to bring together all relevant stakeholders — taxpayers, tax consultants, and our service providers — to guide large taxpayers on how to proceed with integration before the new November 1 deadline. This will ensure they fully utilize the remaining time to comply with the FIRS mandate,” Bawa said.

    Bawa stressed the economic significance of e-invoicing, noting that many transactions remain outside the tax net, making effective government planning difficult. “The only way to capture these economic activities is through the e-invoicing system, whereby from the inception of a business transaction, the government is aware it is happening. This helps taxpayers comply easily with the law and drastically minimizes under-declaration, tax avoidance, and evasion,” he said.

    He added that the system would help formalize the informal sector by generating sufficient data on businesses previously outside the tax system. “Once businesses formalize, they can grow, and we will have more taxpayers contributing to national revenue. Without this, the burden will continue to fall on large taxpayers,” he explained.

    Bawa also pointed out that under the new regime, businesses will not be able to transact with others unless they are on the e-invoicing platform, with standardized invoices and verified information such as their Government-issued Identification Number (GIN).

    On his part, the Acting Director of Tax Automation at FIRS, Mr. Mike Adoga, assured stakeholders of strict data confidentiality under the electronic invoicing initiative. He said the agency is guided by the Nigeria Data Protection Act (NDPA) and has put in place strong safeguards to ensure data shared for tax purposes remains secure.

    “I want you to be rest assured that we are guided by the NDPA and that all data passed for tax purposes remains confidential. Taxpayer A does business with Taxpayer B, and it’s a taxable transaction — FIRS wants to know about it and make sure the taxes due are remitted correctly and on time. If we know about the transaction from the beginning, then there will be no argument because every transaction is captured. This reduces audit and compliance issues,” Adoga said.

    He explained that the project is not solely an FIRS initiative but a national one involving multiple federal agencies. “Our tax-to-GDP ratio still stands at around 10 percent, which is not good enough. That means only 10 percent of taxable transactions are being taxed. To close that gap, we must deploy digital solutions like e-invoicing,” he stated.

    The e-invoicing platform, according to FIRS, is expected to enhance transparency, improve voluntary compliance, reduce revenue leakages, and bring more economic actors into the formal sector. With over 1,000 large taxpayers already integrated, officials say the coming months will be crucial for onboarding the remaining 80 percent of the target group ahead of the November 1 enforcement date.

  • FIRS integrates 1,000 large taxpayers into e-invoicing platform

    FIRS integrates 1,000 large taxpayers into e-invoicing platform

    • Collins Nweze & Precious Nwadike

    The Federal Inland Revenue Service (FIRS) has successfully on boarded over 1,000 large taxpayers into its e-invoicing platform within two weeks of its rollout.

    The Director of Change Management at FIRS, Emmanuel Eze, spoke yesterday at a two-day E-Invoice Post Go-Live Workshop in Lagos.

    The event was organised by the service to strengthen adoption and ensure smooth implementation of the National E-Invoicing Solution (Merchant-Buyer Model).

    Representing the Chief of Staff to the FIRS Executive Chairman, Mr. Tayo Koleosho, Eze revealed that the first live invoice transmissions came from pioneering organizations such as MTN Nigeria, Huawei Nigeria, and IHS Nigeria. 

    He added that the service has so far certified 16 companies to act as both System Integrators and Access Point Providers in the e-invoicing ecosystem. More providers are expected to be approved in due course as they meet FIRS criteria.

    “On August 1, 2025, we officially went live with the E-Invoicing Solution for Large Taxpayers — a significant milestone in our drive to modernize tax administration in Nigeria. This achievement was made possible through extensive collaboration between the FIRS, the National Information Technology Development Agency (NITDA), accredited service providers, and our valued taxpayers and consultants. Since go-live, over 1,000 large taxpayers have been successfully onboarded, representing about 20 percent of our target group,” Eze stated.

    The workshop, he said, was designed to provide practical guidance on taxpayer enablement, integration processes, and real-time invoice transmission; introduce certified service providers; host live technical demonstrations and support desk sessions; and engage stakeholders through feedback and Q&A to promptly address operational challenges.

    Recognizing that onboarding is still ongoing, Eze announced a three-month extension to the deadline for integration and invoice transmission — now set for November 1, 2025. “This extension is not an opportunity to delay; rather, it is a chance for all stakeholders to complete integration, test transmissions, and resolve system readiness issues well ahead of enforcement,” he said.

    Read Also: FIRS honours Arabinrin Aderonke for outstanding contribution to public image

    According to him, FIRS will continue to provide technical helpdesk services, sector-specific engagement sessions, and work with designated service providers to accelerate integration. “Success depends on mutual trust and cooperation between FIRS, taxpayers, consultants, and technology partners,” he emphasized.

    Also speaking, the Project Manager for the e-invoicing initiative, Mr. Mohammed Bawa, confirmed that over 1,000 out of more than 4,000 targeted large taxpayers have already commenced integration. He explained that the extension was granted to allow the remaining taxpayers to onboard and to provide clarity on post-onboarding steps.

    “We felt it necessary to organize this workshop to bring together all relevant stakeholders — taxpayers, tax consultants, and our service providers — to guide large taxpayers on how to proceed with integration before the new November 1 deadline. This will ensure they fully utilize the remaining time to comply with the FIRS mandate,” Bawa said.

    Bawa stressed the economic significance of e-invoicing, noting that many transactions remain outside the tax net, making effective government planning difficult. “The only way to capture these economic activities is through the e-invoicing system, whereby from the inception of a business transaction, the government is aware it is happening. This helps taxpayers comply easily with the law and drastically minimizes under-declaration, tax avoidance, and evasion,” he said.

    He added that the system would help formalize the informal sector by generating sufficient data on businesses previously outside the tax system. “Once businesses formalize, they can grow, and we will have more taxpayers contributing to national revenue. Without this, the burden will continue to fall on large taxpayers,” he explained.

    Bawa also pointed out that under the new regime, businesses will not be able to transact with others unless they are on the e-invoicing platform, with standardized invoices and verified information such as their Government-issued Identification Number (GIN).

    On his part, the Acting Director of Tax Automation at FIRS, Mr. Mike Adoga, assured stakeholders of strict data confidentiality under the electronic invoicing initiative. He said the agency is guided by the Nigeria Data Protection Act (NDPA) and has put in place strong safeguards to ensure data shared for tax purposes remains secure.

    “I want you to be rest assured that we are guided by the NDPA and that all data passed for tax purposes remains confidential. Taxpayer A does business with Taxpayer B, and it’s a taxable transaction — FIRS wants to know about it and make sure the taxes due are remitted correctly and on time. If we know about the transaction from the beginning, then there will be no argument because every transaction is captured. This reduces audit and compliance issues,” Adoga said.

    He explained that the project is not solely an FIRS initiative but a national one involving multiple federal agencies. “Our tax-to-GDP ratio still stands at around 10 percent, which is not good enough. That means only 10 percent of taxable transactions are being taxed. To close that gap, we must deploy digital solutions like e-invoicing,” he stated.

    The e-invoicing platform, according to FIRS, is expected to enhance transparency, improve voluntary compliance, reduce revenue leakages, and bring more economic actors into the formal sector. With over 1,000 large taxpayers already integrated, officials say the coming months will be crucial for onboarding the remaining 80 percent of the target group ahead of the November 1 enforcement date.

  • ‘Nigeria meets oil benchmark’

    ‘Nigeria meets oil benchmark’

    The Federal Government has announced that for the first time in many years, it has met the oil and gas sector revenue benchmark for year 2025, after several years of struggle.

    The Spokesman of the Executive Chairman, Federal Inland Revenue Services (FIRS), Dr. Dare Adekanmbi, attributed the feat to the sustained peace in the Niger Delta region, which he credited to the efforts of various security agencies and firms including the Pipeline Infrastructure Nigeria Limited (PINL), vested with the protection of the government investments.

    Speaking at the August edition of PINL monthly stakeholders review meeting of Trans Niger Pipeline host communities of Rivers,  Abia and Imo States held in Port Harcourt,  the Rivers State capital yesterday, the General Manager Community and Stakeholders Relations for PINL, Dr. Akpos Meze collaborated the ascertion confirming that PINL recorded zero infraction in the past month which contributed to increased national crude oil production.

    Meze noted that the FIRS announcement underscores the strength and effectiveness of the collaboration/partnership that exists among the Stakeholders, “which can be attributed to consistent application of proven strategies viz: Safety measures for surveillance personnel timely salary payments, rapid dispute resolution within communities, amongst others.

    “These combined efforts have resulted in reduced downtime and increased trust.”he said.

    Speaking further, he announced some of the company’s achievements including interventions in an oil spill location in Yorla, Kpean community in Khana Local government area and bursting of illegal bunkering sites in Umubule and Oyigbo communities both in Rivers State.

    Mezeh, used the medium to update the stakeholders on its Corporate Social Responsibility (CSR) packages for youths and women of the host communities.

    He however, reiterated PINL’s commitment to sustainable energy security in the country, calling for support from all stakeholders.

    “We reaffirm our unwavering commitment to sustainable energy security, in full alignment with the Renewed Hope Agenda of the Federal Government. We have a shared responsibility to rescue our economy from further bleeding, and achieving this goal requires that all hands remain on deck.

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    “We look forward to your honest and constructive feedback on how we can sustain and surpass our outstanding records in combating pipeline vandalism, oil theft, and environmental pollution,” he said.

    Speaking at the stakeholders meeting, Head of Field Operations, Eastern Corridor of the Project Monitoring Office, Nigerian National Petroleum Corporation (NNPC) Limited, Akponine Omojevwe, an engineer, called for effective collaboration between the host communities and PINL.

    He noted that for the progress already achieved in the sector to be sustained stakeholders and host communities must synergize with the surveillance company.

    “We want to emphasise that, there must be collaboration between PINL and the communities. PINL has gone the extra mile by approving scholarships for the host communities, they have gone out to make sure their areas of operations benefit from their activities, let us make sure that in this task of securing the pipelines, we support them, don’t destroy their equipments,” he urged.

    Meanwhile, the collaborative security is operations between PINL and the Special Prosecution Task Force (SPT) of the Federal Government have led to the busting of two illegal refining sites in Oyigbo local government area of Rivers State.

    The sites operating under the cover of a logistics company, Emekus Nigeria Ltd, and a large piggery used for active illegal refining of millions of litres of stolen petroleum products with equipment of the illegal business found on the sites.

  • Culture of staff recognition will drive excellence, national development – FIRS

    Culture of staff recognition will drive excellence, national development – FIRS

    The Federal Inland Revenue Service (FIRS) states that it is upholding its tradition of recognising and rewarding excellence among its workforce as part of a deliberate strategy to enhance performance, boost morale, and improve taxpayer engagement.

    According to the Service, staff recognition is not merely ceremonial but a strategic tool to inspire excellence, accountability, and innovation in tax administration.

    Speaking during the 2025 Annual Performance Award and Retiree Send-Off Ceremony in Abuja, FIRS Executive Chairman, Dr. Zacch Adedeji, said people remain at the heart of the organisation’s strategy, noting that staff commitment, morale, and professionalism are critical drivers of national development.

    “Every award, every handshake, every public ‘thank you’ is an investment in our nation’s future,” Dr. Adedeji stated. When our people feel valued, they give their best, and when they give their best, the whole country benefits.”

    Read Also: FIRS meets 2025 oil, gas revenue target, says chair

    He explained that by honouring both outstanding performers and long-serving retirees, the FIRS reinforces values such as integrity, professionalism, and dedication — qualities that translate into better service delivery, higher revenue performance, and stronger national growth outcomes.

    Collins Omokaro, Special Adviser on Communications and Advocacy to the Executive Chairman, stated in a press release that the ceremony once again demonstrated the agency’s commitment to a people-centric approach to management.

    “In recent years, this approach has become the standard for FIRS leadership,” Omokaro said. “Performance is assessed not just by revenue figures, but also by the quality of service to taxpayers, the innovations introduced by staff, and the shared sense of mission across the Service.”

    He added that by embedding recognition into its organisational culture, FIRS continues to promote an environment where excellence is expected, dedication is celebrated, and service to the nation is the highest calling.

    According to him, the result is an institution that is not only more efficient and innovative, but also more deeply connected to the citizens and businesses it serves.

  • FIRS meets 2025 oil, gas revenue target, says chair

    FIRS meets 2025 oil, gas revenue target, says chair

    • Armed Forces critical to our collecting big tax revenue’

    The Federal Inland Revenue Service (FIRS) has achieved its oil and gas sector revenue target for 2025.

    It is the first time in many years.

    The agency attributes this milestone to a sustained peace in the Niger Delta.

    Spokesman for FIRS Executive Chairman Dare Adekanmbi made this known yesterday in a statement.

    According to him, Adekanmbi, FIRS Chairman, Dr. Zacch Adedeji, stated  this yesterday when he received the delegation of military top brass led by Chief of Defence Staff (CDS), General Christopher Musa.

    Adedeji said the improved security situation in oil-producing areas had boosted production, resulting in greater profitability for companies in the sector and higher tax revenue for the federation.

    “The coordinating director of the Large Tax Group made a presentation at our management meeting today on tax collection to date, and I am glad to say that, for the first time in a long while, we met our oil and gas target,” Adedeji said.

    “This is actually as a result of the peace that has been maintained where oil and gas facilities are located. Production is happening, and companies are making more profit from it.”

    He commended the Armed Forces and other security agencies for their contribution to maintaining stability, noting that the success aligns with President Bola Tinubu’s commitment to “taxing prosperity and not poverty.”

    “Prosperity can only be achieved in an atmosphere of peace. The Armed Forces are critical stakeholders and central to sustaining peace in the country,” he said.

    Read Also: FIRS meets 2025 oil and gas revenue target, credits peace in Niger Delta

    The FIRS chairman also highlighted the president’s commitment to the welfare of security personnel, citing a recent approval for the construction of 1,550 housing units for members of the armed forces. “This shows the President appreciates what you are doing for the country. You are also critical to our success,” he told the CDS.

    Adedeji pledged the agency’s support for the upcoming African Chiefs of Defence Staff Conference, which Nigeria will host in Abuja. “We will always be open to collaborate in order to sustain peace, increase prosperity, and develop our nation. On behalf of the President and all of us at FIRS, we thank you for the good job you are doing in maintaining peace and safety for all,” he said.

    General Musa praised the FIRS leadership for significantly improving revenue collection, which he said directly supports the operations of the armed forces.

    “Since Dr. Adedeji assumed office, we have seen remarkable changes. For us in the Armed Forces, we are nothing without funds. To even buy the good big guns we are carrying will be difficult without the funding,” Gen. Musa said. “Over the years, you have made our job a lot easier, although we keep asking for more. We have seen that revenue has increased, almost tenfold, and we can see new initiatives making a positive impact. Your boldness has encouraged us in what we are doing.”

    The CDS also promoted the maiden African Chiefs of Defence Staff Conference, scheduled for August 25–27 in Abuja.

    “This is an avenue to showcase Nigeria to Africa and the world,” Gen. Musa explained. “We have attended such events in other countries, but we believe it’s time for Africa to sit together as brothers and sisters to discuss our problems and provide African solutions.

    Most of these countries that claim they want to support us often contribute to the problems we are trying to solve. That is why it is important to have this conversation among ourselves.”

  • FIRS meets oil, gas revenue target, credits Niger Delta peace

    FIRS meets oil, gas revenue target, credits Niger Delta peace

    For the first time in several years, the Federal Inland Revenue Service (FIRS) has achieved its oil and gas sector revenue target for 2025, a milestone the agency attributes to sustained peace in the Niger Delta.

    A statement from the FIRS signed by Dare Adekanmbi Special Adviser on Media said the FIRS Chairman, Dr. Zacch Adedeji, made this disclosure yesterday when the Chief of Defence Staff (CDS), Gen Christopher Musa, led a team of senior military officers to the Revenue House in Abuja.

    Adedeji said the improved security situation in oil-producing areas had boosted production, resulting in greater profitability for companies in the sector and higher tax revenue for the federation.

    “The coordinating director of the Large Tax Group made a presentation at our management meeting today on tax collection to date, and I am glad to say that, for the first time in a long while, we met our oil and gas target.

    “This is actually as a result of the peace that has been maintained where oil and gas facilities are located. Production is happening, and companies are making more profit from it,” Adedeji said.

    Read Also: FIRS meets 2025 oil, gas revenue target, says chair

    He commended the Armed Forces and other security agencies for their contribution to maintaining stability, noting that the success aligns with President Bola Tinubu’s commitment to “taxing prosperity and not poverty.”

    “Prosperity can only be achieved in an atmosphere of peace. The Armed Forces are critical stakeholders and central to sustaining peace in the country,” he said.

    The FIRS chairman also highlighted the president’s commitment to the welfare of security personnel, citing a recent approval for the construction of 1,550 housing units for members of the armed forces.

    “This shows the President appreciates what you are doing for the country. You are also critical to our success,” he told the CDS.

    Adedeji pledged the agency’s support for the upcoming African Chiefs of Defence Staff Conference, which Nigeria will host in Abuja. “We will always be open to collaborate in order to sustain peace, increase prosperity, and develop our nation. On behalf of the President and all of us at FIRS, we thank you for the good job you are doing in maintaining peace and safety for all,” he said.

    In his remarks, General Musa praised the FIRS leadership for significantly improving revenue collection, which he said directly supports the operations of the armed forces.

    “Since Dr. Adedeji assumed office, we have seen remarkable changes. For us in the Armed Forces, we are nothing without funds. To even buy the good big guns we are carrying will be difficult without the funding. Over the years, you have made our job a lot easier, although we keep asking for more. We have seen that revenue has increased, almost tenfold, and we can see new initiatives making a positive impact. Your boldness has encouraged us in what we are doing,” Musa said.

    The CDS also used the occasion to promote the maiden African Chiefs of Defence Staff Conference, scheduled for 25–27 August 2025 in Abuja.

    “This is an avenue to showcase Nigeria to Africa and the world. We have attended such events in other countries, but we believe it’s time for Africa to sit together as brothers and sisters to discuss our problems and provide African solutions,” Musa explained.

    Most of these countries that claim they want to support us often contribute to the problems we are trying to solve. That is why it is important to have this conversation among ourselves.