The newly appointed Acting Executive Chairman of the Federal Inland Revenue Service (FIRS), Zaccheaus Adedeji, has lamented a situation where Nigeria spends 96 per cent of its revenue on debt servicing, saying the trend would be reversed soon.“A fundamental aspect of our mission is to elucidate to taxpayers why their civic duty matters. We are committed to simplifying our tax system, making it accessible and comprehensible, thereby facilitating voluntary tax payments and fostering a sense of civic responsibility,” he added.The new chairman also promised that under his watch, FIRS will place innovation, technology and fresh ideas at the forefront of its operations.
“This strategic focus will empower us to enhance efficiency, fortify against revenue leaks and bolster coordination and accountability within our organisation,” he said.