\n
The Nigerian federal government has announced that it will ramp up revenue generation and achieve its 19.4 trillion collection target in 2024.<\/p>\n
The government said it will rely on voluntary tax compliance and a new organisational structure to achieve its revenue collection target in 2024.<\/p>\n
Zacch Adedeji, Federal Inland Revenue Service executive chairman, disclosed this during the agency\u2019s recent 2024 strategic management retreat in Abuja.<\/p>\n
According to him, the new organisational structure, set to kick off in February 2024, is a critical milestone in revolutionising tax administration in the country in a modernised and digitised manner.<\/p>\n
\u201cWe want to use the new structure to drive voluntary compliance because the focus cannot be on litigation and investigation; that one will be for, say, 10 per cent of all our strategies.<\/p>\n
\u201cThe real strategy is to drive voluntary compliance, and there will always be consequences for non-compliance, and that is where this structure is going.<\/p>\n
\u201cBy tailoring our services to specific taxpayer segments, we aim to simplify the taxpayer experience. There are no more complexities or overlaps \u2014 just a seamless and user-friendly interaction for every taxpayer,\u201d he said.<\/p>\n
The service noted that it generated N12.37 trillion as taxes in 2023, surpassing the 2022 record by N2 trillion.<\/p>\n
How Nigerian Govt will achieve N19.4trn revenue target in 2024 \u2013 FIRS<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The Nigerian federal government has announced that it will ramp up revenue generation and achieve its 19.4 trillion collection target…<\/p>\n","protected":false},"author":1,"featured_media":13860,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,4862,15,8430],"tags":[8431,519,4863,180,8432],"class_list":["post-13859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-firs","category-news","category-zacch-adedeji","tag-adedeji","tag-business","tag-firs","tag-news","tag-zacch"],"yoast_head":"\n
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