The International Monetary Fund (IMF), on Tuesday, declared support for the Federal Inland Revenue Service (FIRS) with its ongoing reform. More so, a Senior Economist of the IMF’s Fiscal Affairs Department, Paulo Paz made the declaration at the inauguration of the Headquarters Mission at the Revenue House in Abuja.
During the opening of the IMF-backed project, Paz said the international institution commends the FIRS for its ongoing reform, labeling it as a key development in its core duties. Similarly, the body commanded the chairman of the revenue agency, Zacch Adedeji, emphasizing that the new introductions will have a good impact on the Nigerian economy.
The senior economist said the IMF is willing to support the FIRS in the best possible way. According to the visiting group, the new laws will boost the relevance of tax administration in Nigeria.
Additionally, the IMF stated that the new tax laws will as well prove important in increasing domestic revenue mobilization. In response, the FIRS boss lauded the international body for its support and vowed that the agency would continue to work closely with the IMF when it transitions to the Nigeria Revenue Service by 2026.
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Also, Adedeji mentioned how the global body has provided crucial support in key areas like digital transformation, VAT automation, and some of its compliance initiatives.
Katsina state government, DGFIP supports FIRS on tax reforms
In addition to the IMF, delegates from the Katsina state government and Direction Générale des Finances Publiques (DGFIP) of France have visited FIRS in recent times. On Thursday, a team led by Governor Dikko Umaru Radda visited the FIRS headquarters in Abuja to declare support for the tax reform.
Recall that on June 26, 2025, President Bola Ahmed Tinubu signed four tax bills that are aimed at supporting low-income Nigerians and small-scale businesses. As part of the reform, the president expanded the responsibility of the FIRS to collect tax and non-tax revenue.
Likewise, the new laws eliminate numerous taxation and overlapping levies, while establishing a framework for tax administration across all levels of government in the federation.
