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We Can No Longer Afford Revenue System Built On Single Commodity — FIRS Boss

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Nigeria must design a tax system that is broad-based, technology-enabled and trusted by citizens as the country’s revenue challenge is not merely about the numbers but structure, mindset and execution, Zacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS), has said. 

 

Adedeji, who spoke while delivering the maiden edition of Distinguished Lecture Series of the University of Ilesa, Osun State, on Friday, explained that revenue diversification is no longer a policy preference but a national imperative.

 

Speaking on the topic Economic Resilience in an Era of Dwindling Revenue, Adedeji said it was important to restructure the productive base of the economy from crude oil and embrace a system with multiple engines of growth in agro-processing, digital economy, creative industry and solid minerals, among others.

 

A statement by Dare Adekanmbi, Special Adviser (Media) to the FIRS chairman as saying “We have made some gains, but resilience demands more than marginal improvements. It requires structural change, bold reforms and unwavering commitment to fiscal sustainability.”

 

“The first pillar is the need to generate more revenue from within fairly, efficiently, and sustainably. Nigeria cannot continue to depend on volatile oil revenues or foreign loans to fund development.

 

“We must build a tax system that reflects the true size and structure of our economy. This requires moving beyond a narrow band of large, formal companies and capturing economic activities in the informal sector, the digital economy, and high-net-worth individuals who remain outside the tax net.

 

“It also involves closing compliance gaps through stronger enforcement, simplified procedures, and better taxpayer education. With digital innovations like TaxPro Max, e-Tax Clearance Certificate, and tax intelligence, FIRS is already leading the way in automating compliance and making tax administration smarter and more data-driven. Domestic revenue mobilisation is not just a fiscal task, it is a nation-building strategy,” Adedeji said.

 

He noted that FIRS as the nation’s central tax authority was already helping Nigeria transition from vulnerability to strength.

 

“FIRS is not just a tax collector. It is a strategic institution at the heart of Nigeria’s fiscal sustainability agenda, and it is undergoing one of the most profound transformations in its history.

 

“To rebuild public trust in the tax system, we are modernising not just our systems but also our mindset and culture towards greater professionalism, integrity and service orientation.

 

“FIRS is not waiting for resilience to be handed to it. We are building it from the ground up. Through automation, legal reforms, multi-level collaboration, and institutional renewal, we are laying the fiscal foundation for a Nigeria that can weather storms, adapt to change and grow sustainably,” he added.

 

Speaking earlier, the Vice-Chancellor of the institution, Professor Taiwo Asaolu, said the two years old institution aims to use the public lecture as a platform for discourse on pressing global and national issues, while seeking sustainable solutions to the nation’s economic challenges.

 

CAPTION L-R, The Orangun of Oke-Ila, Oba Adedokun Abolarinwa; the chairman of the Federal Inland Revenue Service (FIRS) and guest lecturer, Dr Zacch Adedeji; the Vice-Chancellor, University of Ilesha, Professor Taiwo Asaolu, during the maiden edition of the varsity’s distinguished lecture series delivered by Adedeji at the institution, on Friday. Photo credit: Victor Onarinde

 

 

 

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Kano: APC Deputy Gov Candidate, Murtala Garo Welcomes Governor Yusuf To Party

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The All Progressives Congress (APC) deputy governorship candidate in the 2023 election, Murtala Garo, has welcomed Kano State Governor Abba Kabir Yusuf to the party.

Garo described the governor’s defection as a positive development for political stability and sustainable growth in the state.

Garo, who is also a former Commissioner for Local Government and Chieftaincy Affairs, said in a statement on Tuesday that Yusuf’s decision demonstrated political maturity and foresight at a time when Kano and Nigeria require unity and inclusive governance.

“I formally welcome His Excellency, the Executive Governor of Kano State, Alhaji Abba Kabir Yusuf, into the All Progressives Congress. This is a significant and commendable step in our collective quest for political stability, inclusive governance and sustainable development in Kano State,” Garo said.

He praised Yusuf’s leadership, noting that his calm disposition and commitment to public welfare distinguish him as a leader willing to place peace and progress above partisan considerations.

“By this decisive action, His Excellency has shown the ability to rise above partisan divides in the interest of peace, progress and unity,” Garo added.

Garo said the governor’s move also reflected an understanding of the political and economic challenges facing Kano State and the country.

He expressed confidence that Yusuf’s entry into the APC would strengthen the party’s reform agenda and enhance cooperation between the state and federal governments.

He also reaffirmed his loyalty to the APC and pledged to work with the governor and other stakeholders to promote good governance, political harmony and policies that benefit the people of Kano.

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Boardroom Guru, Otunba Adekunle Ojora, Dies At 93

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Otunba Adekunle Ojora, a legendary figure in Nigeria’s corporate world and a prominent Lagos traditional leader, has passed away at the age of 93.

According to an official family statement signed by his daughter, Toyin Ojora-Saraki, he died peacefully at his home in Ikoyi, Lagos.

Widely celebrated as one of Nigeria’s most influential corporate leaders of the post-independence era, Otunba Adekunle Ojora carved an exceptional legacy that spanned journalism, public service, politics, and big-ticket corporate governance. He was Chairman of the Board of AGIP Nigeria Limited from 1971 until its acquisition by Unipetrol in 2002.

Ojora’s professional journey began in the early 1950s at the British Broadcasting Corporation (BBC) after studying journalism at Regent Street Polytechnic, London. Rising to the position of assistant editor, he later returned to Nigeria in 1955 to join the Nigerian Broadcasting Corporation (NBC) as a reporter. He later moved to Ibadan, where he served as an information officer in the office of the then regional premier.

In 1961, he transitioned into the corporate world, joining the United African Company (UAC) as Public Relations Manager and becoming an Executive Director in 1962. His interest in commerce and enterprise deepened in the years that followed, marking the start of a lifelong influence in Nigerian boardrooms.

Following the military coup that ended the First Republic, Otunba Ojora was nominated to the Lagos City Council in 1966. In 1967, he held two key appointments: Managing Director of WEMABOD, a regional property and investment company, and Chairman of the Nigerian National Shipping Line, succeeding Chief Kola Balogun.

After leaving WEMABOD, he expanded his footprint as a major investor and entrepreneur. He held significant interests in AGIP Petroleum Marketing, NCR Nigeria, and founded several private firms, including Nigerlink Industries, Unital Builders, and Lagos Investments, a holding company. In the wake of the Nigerian Enterprise Promotion Act, he acquired equity stakes in numerous foreign companies operating in Nigeria, including Bowring Group, Inchcape, Schlumberger, Phoenix Assurance, UTC Nigeria, Evans Brothers, and Seven-Up.

Beyond the boardroom, Otunba Ojora was deeply rooted in tradition. He was the Otunba of Lagos, Lisa of Ife and Olori Omo Oba of Lagos.

He is survived by his wife, Erelu Ojuolape, and children, including, Mrs. Toyin Saraki, wife of former Senate President Bukola Saraki.

 

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Bello Turji’s Men Execute Rival Kingpin Abdu Lankai In Katsina

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The group led by notorious bandit kingpin Bello Turji has executed a rival leader, Abdu Lankai, in the Jibia Local Government Area of Katsina State.

The incident was disclosed on Wednesday in a post on X by Bakatsine, a journalist who reports on conflict and insecurity in Nigeria’s northwest.

Bakatsine disclosed that Abdu Lankai was reportedly captured on Tuesday afternoon during a reconciliation meeting with rival commanders, Dogo Rabe and Black, both linked to Bello Turji.

He wrote: “Sources confirm the killing of Abdu Lankai, an armed group leader central to enforcing a local peace arrangement in Jibia LGA, Katsina State.

“He was reportedly captured yesterday afternoon during a reconciliation meeting with rival commanders Dogo Rabe and Black, both linked to Bello Turji, and later executed.

“With Lankai gone, can Jibia’s fragile calm hold or does this mark the collapse of the peace deal?”

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