{"id":59640,"date":"2025-01-16T01:44:35","date_gmt":"2025-01-16T01:44:35","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=59640"},"modified":"2025-01-16T01:44:35","modified_gmt":"2025-01-16T01:44:35","slug":"nass-sets-n25-trillion-revenue-target-for-firs-in-2025","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/01\/16\/nass-sets-n25-trillion-revenue-target-for-firs-in-2025\/","title":{"rendered":"NASS Sets N25 Trillion Revenue Target for FIRS in 2025"},"content":{"rendered":"<p><strong>By Our Correspondent\u00a0<\/strong><\/p>\n<p>The National Assembly Joint Committee on Finance has set a \u20a625 trillion revenue target for the Federal Inland Revenue Service (FIRS), in the 2025 fiscal year, following the agency\u2019s record-breaking performance in 2024.<\/p>\n<p>The committee commended FIRS Executive Chairman, Dr. Zaccheus Adedeji, for exceeding the \u20a619.4 trillion target in 2024 by generating \u20a621.6 trillion. Lawmakers described this achievement as unprecedented and a positive step toward economic stability.<\/p>\n<p>During an interactive session in Abuja, Hon. Saidu Musa Abdullahi, Deputy Chairman of the House Committee on Finance, urged FIRS to adopt South Africa\u2019s tax model, which generates more revenue despite having a smaller population than Nigeria.<\/p>\n<p>He also called for wider tax inclusion in the informal sector.<\/p>\n<p>Similarly, Senator Joel Onowakpo Thomas (PDP \u2013 Delta South) emphasized the need for targeted tax reforms, while Senator Binos Yeroe (Adamawa South) praised the FIRS leadership for its innovative approach to revenue generation.<\/p>\n<p>Although some lawmakers proposed a higher target of \u20a630 trillion to \u20a660 trillion, the committee co-chairs maintained that \u20a625 trillion was both realistic and achievable, urging Adedeji to surpass expectations as he did in 2024.<\/p>\n<p>Senate Finance Committee Chairman, Senator Sani Musa, reinforced this stance, expressing confidence that the FIRS could even exceed the new target.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Our Correspondent\u00a0 The National Assembly Joint Committee on Finance has set a \u20a625 trillion revenue target for the Federal Inland Revenue Service (FIRS), in the 2025 fiscal year, following the agency\u2019s record-breaking performance in 2024. The committee commended FIRS Executive Chairman, Dr. Zaccheus Adedeji, for exceeding the \u20a619.4 trillion target in 2024 by generating [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":59641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172,186],"tags":[59],"class_list":["post-59640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/59640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=59640"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/59640\/revisions"}],"predecessor-version":[{"id":59642,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/59640\/revisions\/59642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/59641"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=59640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=59640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=59640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}