Armed forces supported us to meet revenue target – FIRS chairman

The Federal Inland Revenue Service (FIRS) chairman, Dr Zacch Adedeji, has said President Bola Tinubu’s security agenda is yielding tangible results, commending the Armed Forces and other security personnel for ensuring that the Service achieves its revenue collection mandate. Adedeji disclosed that for the first time in a long while, FIRS has been able to […]

The Federal Inland Revenue Service (FIRS) chairman, Dr Zacch Adedeji, has said President Bola Tinubu’s security agenda is yielding tangible results, commending the Armed Forces and other security personnel for ensuring that the Service achieves its revenue collection mandate.

Adedeji disclosed that for the first time in a long while, FIRS has been able to meet its 2025 tax revenue target for the oil and gas sector.

The FIRS chairman spoke in Abuja on Wednesday when the Chief of Defence Staff, General Christopher Musa and his team paid him a visit at the Revenue House.

He said the increase in tax revenue from oil production activities was largely on account of the maintenance of peace in the Niger Delta area, leading to greater profits for the oil companies and higher tax revenue for the Federation.   

A statement by Dare Adekanmbi, Special Adviser on Media, quoted Adedeji as saying the development is in line with President Tinubu’s avowed commitment to taxing prosperity and not poverty.

“The Armed Forces are critical stakeholders and you are central to the sustenance of peace in the country. The coordinating director, Large Tax Group made a presentation at the 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 which is actually as a result of the peace that has been maintained where oil and gas facilities are located. And this is because production is happening and companies are making more profit from it.

Speaking earlier, General Musa commended the management team of the tax agency for rallying resources for the country to meet its needs and fund the operations of the Armed Forces.

He said since Adedeji assumed office as the head of FIRS, “we have seen changes, very 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. So, I want to say thank you. Over the years, you have made our job a lot easier, although we keep on asking for more.