NASS hails FIRS for exceeding revenue target, projects ₦25 trillion in 2025
Story by Dajen Comfort Yakubu
The National Assembly has set an ambitious revenue target of ₦25 trillion for the Federal Inland Revenue Service (FIRS) in 2025.
This comes after the FIRS exceeded its 2024 revenue target of ₦19.4 trillion, generating ₦21.6 trillion.
READ ALSO: Customs exceeds revenue expectations with N2.74trn in 1st half of 2024
Lawmakers commended the FIRS Chairman, Zacch Adedeji, for his outstanding performance. Senator Sani Musa, Chairman of the Joint Senate and House of Representatives Committee on Finance said, “FIRS should work with the ₦25 trillion projected revenue set for it in 2025. It is achievable and even surpassable.”
Other lawmakers, including Hon. Saidu Musa Abdullahi and Senator Joel-Onowakpo Thomas, also praised Adedeji’s efforts, urging him to explore new avenues for revenue generation.
Abdullahi suggested that the FIRS study the template used in South Africa, which generates more revenue from tax collections despite having a smaller population.
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