The Executive Chairman of the Nigeria Revenue Service (NRS), Mr. Zacch Adedeji has said that the integration of technology in revenue systems is critical to reforming the country’s tax administration.
During the stakeholder engagement forum of the Federal Capital Territory Internal Revenue Service (FCT-IRS) in Abuja on Monday, Adedeji, who was represented by the Executive Secretary of the Joint Revenue Board, Mr. Olusegun Adesokan, said that technology had vital role to play in the new tax laws because it would promote efficiency, transparency and accountability.
He urged all tax authorities at the sub-national level to embrace the tax law.
Adedeji commended the FCT-IRS for taking a decisive move to to convey a high-level stakeholders’ engagement to strengthen revenue administration and align with Nigeria’s sweeping fiscal reforms.
He said that the engagement was both essential and timely, adding that the ongoing reforms seek to redefine compliance, reduce revenue leakages and strengthen tax administration.
According to him, this commitment would help to build a transparent, efficient, and collaborative tax ecosystem that will accelerate infrastructural development and economic prosperity in the FCT.
Adedeji said that the far-reaching fiscal and tax reforms being implemented under the leadership of President Bola Tinubu, were designed to reposition Nigeria’s evenue architecture to promote efficiency, equity, and sustainable public finance management
