FIRS adjusts operational structure to increase tax revenue

The Federal Inland Revenue Service (FIRS) intends to implement a new operational structure in the nation’s tax administration, with the goal of increasing government revenue collection through efficiency and effectiveness.

As a result, Wale Edun, Minister of Finance and Coordinating Minister for the Economy, will announce the new structure on Wednesday after it has been approved by the Federal Executive Council (FEC).

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The planned unveiling will take place during the FIRS’s two-day strategic management retreat, which will be held at the Transcorp Hilton Hotel in Abuja on Wednesday, January 24 and Thursday, January 25, 2024, with the topic “Re-imagining Tax Administration for Equity and Economic Growth.”

Confirming the approval of the new structure in a statement, Special Adviser on media to the FIRS Chairman, Dare Adekanmbi, said the strategic retreat would provide an opportunity for all FIRS directors to receive adequate briefing on the workings of the new structure and the strategic direction of the Service.

Additionally, the retreat would see the FIRS engaging with external stakeholders in government, professional bodies, and the organised private sector on the renewed and refocused strategy of the Agency.

Adekanmbi also explained that the FIRS Chairman, Zacch Adedeji, has been championing a radical transformation in the values of the tax agency since assuming office, adding that his vision is to ensure the FIRS becomes more taxpayer-centric and a well-suited revenue-collecting agency.

He said the approach has necessitated a significant overhaul of the Service’s operational and management structures as well as a re-engineering of tax processes that support taxpayers to exercise their civic obligations.

Further stating that the new operational structure would ensure a modernised system of tax administration that is not only equitable, but also growth-oriented, the statement said; “It is hoped that this retreat will foster a shared vision among FIRS directors and inspire confidence and excitement for the future of tax administration in the country.

“It will also provide participants with a comprehensive understanding of the new structure and its implications for their roles under the new tax administration system,” Adekanmbi said.

Dr Zacch Adedeji, championed a radical transformation in the values of the agency, aiming to make it more FIRS taxpayer-centric and a well-suited revenue-collecting agency.

A statement by the Special Adviser on Media to the FIRS chairman, Dare Adekanmbi said the Finance Minister will deliver a goodwill message and join Dr Adedeji to unveil the new direction to directors and other key members of the FIRS management team.

The objective of the retreat is to ensure that “all directors are fully informed and aligned with the strategic direction of the Executive Chairman of FIRS, solidifying a foundation for unified action.

“We will also be engaging critical external stakeholders in government, professional bodies and organised private sector about the renewed and refocused strategy of the FIRS.

“At the end of the retreat, participants are expected to have a comprehensive understanding of the new organisational structure and its implications for their roles.

“We will leave with a shared vision for a modernized tax administration that is both equitable and growth-oriented, inspiring confidence and excitement for the future,” the statement said.