Only 19% Of Nigerians Currently Pay Taxes – FIRS Chairman Adedeji

 In a recent statement, Federal Inland Revenue Service (FIRS) Chairman Zacch Adedeji revealed that only 19% of Nigerians currently pay taxes. This highlights a significant gap in the country’s tax compliance, underscoring the need for systemic reforms to broaden the tax base and enhance revenue generation.

Despite this challenge, the FIRS achieved a record-breaking N21.6 trillion in tax revenue for 2024, surpassing the N19.4 trillion target set by the government. This performance was attributed to internal reforms, a supportive environment provided by President Bola Tinubu, and the dedication of FIRS staff .

Looking ahead, the FIRS has set a more ambitious target of N25.2 trillion for 2025. To meet this goal, the agency is focusing on expanding the taxpayer base rather than introducing new taxes. Adedeji emphasized that the proposed tax reforms aim to simplify the tax system and reduce the number of taxes paid by Nigerians, without increasing existing rates .

These efforts are part of a broader strategy to modernize and digitize Nigeria’s tax administration, making it more efficient and taxpayer-friendly. By leveraging technology and restructuring its operations, the FIRS aims to create a more inclusive tax system that can support the country’s economic development.