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NEWS

FG Approves New Structure for FIRS

January 23, 2024 2 min read

The Federal Government has approved a new organisational structure for the Federal Inland Revenue Service to boost its operations.

The agency made this known on Monday in a statement signed by the Special Adviser Media to the Executive Chairman, FIRS, Dare Adekanmbi.

It stated that it would be undergoing a major reorganisation.

Adekanmbi stated that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, would unveil the new structure during a 2-day strategic management meeting of the FIRS in Abuja.

According to Adekanmbi, the aim of the meeting was to ensure that all directors were fully informed and aligned with the strategic direction of the agency.

β€œThe retreat will also engage with external stakeholders in government, professional bodies, and the organised private sector to discuss the renewed and refocused strategy of the FIRS”, he noted.

The theme of the retreat is β€œReimagining Tax Administration for Equity and Economic Growth”.

Adekanmbi added, β€œThe Chairman of the FIRS, Zacch Adedeji, has been spearheading a radical transformation in the values of the agency since assuming office. His vision is to make the FIRS more taxpayer-centric and a well-suited revenue-collecting agency.”

Meanwhile, FIRS has revealed plans to significantly increase its tax revenue collection by 57 per cent to N19.4tn.

President Bola Tinubu had initiated reforms aimed at increasing revenues accruing to the government’s coffers in order to fund the infrastructural needs of the country.