The new chairman of the Federal Inland Revenue Service, FIRS, DR ZACCH ADEDEJI, had on Monday revealed that the nation is in a revenue crisis and requires urgent steps to change the narrative.
ADEDEJI, who stated this while taking over the mantle of leadership of the agency from his predecessor, MUHAMMAD NAMI, noted that about ninety six percent of Federal Government revenue was spent on debt servicing last year, stressing that the situation is not sustainable.
Recall that one of the main reasons the government removed subsidy from petrol is inadequate revenue to run the affairs of the country.
On his agenda to optimize revenue generation, he said ADEDEJI vows to key into the reforms being made by President Bola Tinubu who has since inaugurated a Presidential Fiscal Policy and Tax Reforms Committee.
The new tax-master pledged to eliminate leakages in the system, with a view to raking in all tax revenues into government coffers.
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