Connect with us

News

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

Published

on

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

 

 

 

News

Terror Surge: Tinubu Demands Results from Security Chiefs

Published

on

By

President Bola Tinubu met with security chiefs, including Tunji Disu, the inspector-general of police (IGP) in a closed-door session on Thursday to address a series of “rising terror attacks” across the country.

The meeting followed an escalation in violence, including recent deadly raids in Benue, Plateau, and Borno states.

The nearly two-hour meeting, held at the State House in Abuja, began in the afternoon after the security chiefs arrived discreetly and ended around 5:10 p.m.

Those in attendance included Christopher Musa, minister of defence; Nuhu Ribadu, national security adviser (NSA); Adeola Ajayi, the director-general of the Department of State Services (DSS); and Olufemi Oluyede, chief of defence staff (CDS).

Others were Waidi Shaibu, the chief of army staff; Kelvin Aneke, chief of air staff; and Idi Abbas, chief of naval staff.

As of the time of filing this report, details of the meeting had yet to be issued by the presidency.

However, there are indications that the sit-down may centre around the rising terror attacks and intensified assaults on military outposts across Nigeria, particularly in the north-east, which culminated in the recent killing of several high-ranking officers.

On Monday, a commanding officer of the Nigerian Army was killed following an attack by suspected fighters of the Islamic State West Africa Province (ISWAP) on a military base in Kukawa, Borno state.

The attack came about a week after suspected Boko Haram and ISWAP fighters attempted to attack military positions in Ngoshe, Gwoza LGA of Borno.

On Tuesday, Nigerian troops repelled an early-morning attack by suspected ISWAP fighters on a military base in Doron Baga, Kukawa LGA of the state.

Speaking during an interfaith breaking of the fast with members of the Nigerian Armed Forces at the presidential villa in Abuja last Friday, Tinubu said the country would “ultimately prevail against all forms” of insecurity.

The president said the efforts of the security forces had continued to weaken terrorist groups and bandits operating in different parts of the country.

He assured the armed forces of continued investment in modern equipment, intelligence, and logistics to strengthen their operational effectiveness.

 

Continue Reading

News

2027 Shakeup: 12 Lawmakers Defect To APC, ADC

Published

on

By

In a major political shake-up on Thursday,12 members of the House of Representatives formally defected from their various political parties to the All Progressives Congress (APC) and the African Democratic Congress (ADC).

The Deputy Speaker, Benjamin Kalu, announced the defections during a plenary session, citing internal party crises and leadership disputes as the primary reasons for the lawmakers’ exit.

Of the 12 lawmakers who defected, six left the Peoples Democratic Party for the APC. Five members abandoned the Labour Party and the PDP for the ADC, while one member moved from the Young Progressives Party to the ADC.

The development has heightened concerns about growing instability within political parties ahead of the 2027 general elections.

Those who defected from the PDP to the APC are James Barka (Adamawa), Kwamoti Bitrus Laori (Adamawa), Zakaria Nyampa (Adamawa), Kobis Thimnu (Adamawa), Midala Balami (Borno), and Mohammed Bargaja (Sokoto).

Lawmakers who defected to the ADC include Afam Victor Ogene (Anambra), Peter Aniekwe (Anambra), Lilian Orogbu (Anambra), Jessey Onakalusi (Lagos), and Murphy Osaro Omoruyi (Edo).

The Deputy Speaker of the House, Benjamin Kalu, who presided over plenary, disclosed that some other members had also written to the leadership of the House notifying it of their intention to leave their current parties.

He, however, said the letters and the destination parties of the lawmakers would not be disclosed in their absence.

While announcing the names of the defectors, Kalu said the reasons given by the lawmakers were similar to those previously cited by others who had defected. He added that the House would not read the letters during the session in order to save time.

According to him, the letters would only be read when the concerned lawmakers are present on the floor of the House.

During Wednesday’s plenary, Garba Inuwa and Abdullahi El-Rasheed from Gombe, as well as Mohammed Audu (Taraba) and Joshua Obika (FCT), defected to the APC, while Adewale Adebayo (Osun) left the PDP for the Accord Party.

 

Continue Reading

News

World War III Fears: Zelensky Reveals Warning To Trump

Published

on

By

In a series of tense exchanges spanning late 2025 and early 2026, Ukrainian President, Volodymyr Zelensky has repeatedly warned Donald Trump and the international community that Russia’s invasion of Ukraine has already escalated into the beginning of World War III due to Russian aggression and its growing alliances.

While Zelensky has warned that Vladimir Putin’s actions are dragging the world into a global conflict, Trump has frequently flipped this narrative, accusing Zelensky of “gambling with World War Three” by refusing to make immediate concessions for a peace deal.

“I said that we would have World War III. The President (Trump) didn’t hear me…him with his guys,” Zelensky said in a televised interview on Wednesday.

“I’m not sure they (the United States) can estimate that Russia will support Iran with weapons, drones, and missiles. And—100 percent—it’s helping now with air defense.”

Pointing to the situation in his country, Zelensky said the next stage of the Iranian war could be troop deployment, saying there are 10,000 North Korean soldiers currently in Russia.

“Yes, they are on the territory of Russia, but they can come to Ukraine,” he presumed. “It can be the same with Iran; Russia can send troops.”

Zelensky said countries in the Middle East have remained neutral on the Ukrainian conflict because of their long history of economic relations with Moscow.

“They understand Russia is the aggressor but are not loud about it or strong on sanctions,” he said. “Now they are beginning to understand what it means to live under attacks.”

Reports in Western media suggest Russia is sharing drone warfare strategy learned in Ukraine with Iran, potentially boosting Tehran’s ability to hit U.S. and Gulf interests in the Middle East.

The war, now on Day 13, has affected at least a dozen countries, with no ceasefire indication in sight. The U.S. has struck thousands of targets and has not indicated boots on the ground.

“They (Iran) are pretty much at the end of the line,” President Trump said Wednesday night. “It doesn’t mean we’re going to end it immediately.”

Continue Reading

Trending