The Federal Inland Revenue Service (FIRS) was able to get additional 170, 000 Nigerians into the tax net in the last few months, The Nation can authoritatively report.
Confirming this development, Femi Olarinde, Special Adviser on Tax Policy to the FIRS Chairman who spoke at a media parley in Lagos, said the Agency has eliminated the need for taxpayers to navigate through different offices such as Stamp Duty or VAT offices, as every processes have become automated.
“Now with just a click on the Tax Promax, taxpayers can handle all their obligations seamlessly,” said an elated Olarinde.
In the Service’s determination to contribute to the growth of Nigeria’s economy, he stressed that the key strategic drivers of the revenue service are focused on people, technology and processes.
This feat was made possible all thanks to the creative ingenuity of the man at the helms of affairs, since Dr. Zacch Adedeji assumed office in September, 2023, who according to Olarinde has brought above dynamic management and innovative technical competence which has helped to achieve the remarkable successes being witnessed at the Agency currently.
“We integrated nine new modules on our novel technology called the Tax Promax,it is a technology we use to administer tax. We designed the technology in-house because we encourage innovation.
“Within one year we expanded that module because of the drastic investment on innovation. We are revolutionising tax office into the streamlined one stop shop which reduces the cost of administration as well as the cost of compliance. We have improved customer satisfaction by over 70 percent,” he explained.
Olarinde further pointed out that the launch of the national single window initiative designed to stimulate economic growth and provide businesses with seamless access to the global market.
He maintained that the initiative also facilitates efficient and streamlined operations port while harmonising and boosting government revenue.
The revenue service recorded 56 percent year on year (YoY), increase in revenue collected to N3.94 trillion in first quarter of 2024 compared to the N2.25trillion collected in first quarter 2023
