Last week Thursday (January 30, 2024), the Executive Chairman of Federal Inland Revenue Service, FIRS, Zacch Adedeji, disclosed that the agency of the Federal Government of Nigeria achieved a record-breaking generation of N21.6tn in revenue, thus surpassing its N19.4 target by 11.34 per cent, in 2024.
The chairman made this disclosure during the 2025 strategic management retreat in Abuja with the theme ‘Building a high-performing FIRS: elevating performance through collaboration and innovation’.
The event was designed to discuss key focus areas to achieve the 2025 corporate plan.
According to Adedeji, in 2024, the FIRS set a revenue target of N19.4 tn but exceeded expectations by 11.34 per cent, collecting N21.6 trillion.
His words, “Together, we closed the chapter of 2024 with an achievement that will forever be recorded in the history of the Federal Inland Revenue Service: the record-breaking generation of N21.6 trillion in revenue, surpassing our target of N19.4 trillion.
”This was no small feat. It was the result of your resilience, professionalism, and dedication, coupled with visionary leadership and a strategic focus on the pillars of people, technology, and processes.
“But let me remind you that this success is not just ours to celebrate. The FIRS is more than a revenue authority; it is a cornerstone of our nation’s economic stability, a vital pillar upholding Nigeria’s progress, and an agent of renewed hope for all Nigerians”.
For 2025, he said, “This year, our mission is both ambitious and transformative: to build a service of excellence defined by the expertise of our people, the modernisation of our facilities, and the innovative use of technology to enhance our processes”.
To this end, FIRS, according its chairman, has outlined a strategic roadmap, anchored on three critical pillars which include Capacity Building and Training;
Infrastructure and facility enhancement; as well as an expansion of its integrated tax administration systems, unifying national platforms on collection, leveraging emerging technologies, and enhancing taxpayer-facing platforms.
Notably, taking a cue from the agency’s performance in 2024, The National Assembly Joint Committee on Finance has set N25tn as the revenue target for the FIRS for the 2025 fiscal year.
For such an unprecedented performance in a year marked by numerous headwinds in the micro and macro-economic life of our country; and giving the nation a beacon of hope for economic stability and growth, the Federal Inland Revenue Service, FIRS is BEACONS AND ICONS NEWS’ Icon of the Week.
