Revenue : NASS tasks FIRS to hit N25trillion in 2025, commends it for hitting N21.6 trillion in 2024

By Iyojo Ameh

The National Assembly has commended the chairman Federal inland Revenue Service ,FIRS, Mr Zacch Adedeji for surpassing revenue collection target of N19.

The lawmakers stated this during the 2025 budget defense by agencies under the ministry of Finance in Abuja.

Impressed by the performance, the National Assembly through its joint committee on Finance , proposed N25trillion tax collection or revenue generation target for FIRS in 2025 fiscal year .

First to make the commendation after presentation made by the FIRS boss on revenue collection performance of the agency in 2024 and projection for 2025, was the Deputy Chairman, House of Representatives Committee on Finance , Hon Saidu Musa Abdullahi who described the performance as unprecedented.

Also commending FIRS for surpassing projected tax revenue in 2024, Senator Joel – Onowakpo Thomas in his remarks , said taxes all over the world is the way to go , the very reason , FIRS must deepen the process through planned reform.

Chairman of the Senate committee on Finance Senator Sani Musa said : “FIRS should Work with the N25trillion projected revenue set for it in 2025 adding that It is achievable and even surpassable “.
He suggested that the committee should increase projected revenue for FIRS in 2025 to N30trillion .

Senator Binos Yeroe ( Adamawa South) , also commended the FIRS boss for the initiatives and innovations deployed in surpassing tax collection revenue target in 2024 .

” Your performance in 2024 , was highly commendable and wish you keep it up “, he said .

Hon Etanabene Benedict added to the commendation galore for the FIRS boss in his remarks by saying ” If we do well on tax collections or revenue generation , we will not borrow to fund our budget . Going by the feat attained by FIRS in 2024, urge this committee to project N60trillion tax collection or revenue generation for it in 2025″.

However, the Chairmen of the committee in their separate closing remarks , told the FIRS boss that the N25trillion projected for the agency in 2025 is what he should work with and possibly surpassed as done in 2024.

Senator Sani Musa in particular , said : “FIRS should Work with the N25trillion projected revenue set for it in 2025 . It is achievable and even surpassable “.