Zacch Adedeji, the Acting Executive Chairman of the Federal Inland Revenue Service (FIRS), on Tuesday, underscored the pivotal role of Nigeria’s fiscal policy in maintaining economic stability.
The FIRS boss emphasised that fiscal policy is the bedrock for how the government manages and allocates resources to benefit the nation.
Adedeji acknowledged the substantial contribution of the current tax system to the country’s revenue. However, he also recognised the potential for further improvement, mainly through integrating digital technology.
He said: ”The FIRS is actively partnering with the Presidential Committee to revamp tax laws, enhance voluntary compliance, and broaden the tax base. This collaborative effort aims to ensure equity and fairness in the tax system.
”This highlights Nigeria’s commitment to leveraging modern technology and collaborative initiatives to strengthen its fiscal policy, fostering economic growth and stability.”