FIRS Targets N25.2 Trillion Tax Revenue for 2025

The Federal Inland Revenue Service (FIRS) has unveiled its strategy to achieve a revenue target of N25.2 trillion from taxation in 2025.

This announcement follows the FIRS’s successful surpassing of its 2024 target by 11.34%, raking in a total of N21 trillion from taxes.

The National Assembly Joint Committee on Finance announced the new revenue target on January 15, 2025, after commending the FIRS for its impressive performance in 2024. The FIRS recorded a total revenue of N21.6 trillion in 2024, surpassing the target of N19.4 trillion by an impressive 11%.

FIRS Executive Chairman, Zacch Adedeji, highlighted the plan for 2025, which includes applying innovation in the use of technology in its operations towards revenue collection. Speaking at the 2025 strategic management retreat titled ‘Building a high-performing FIRS: elevating performance through collaboration and innovation,’ in Abuja, Adedeji noted that the strategy is now set for implementation.

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Adedeji emphasized that the FIRS holds a vital pillar in President Bola Tinubu’s Renewed Hope agenda for Nigerians and must carry out its task with momentum and zeal. He noted that the 2024 achievement was a product of resilience and professionalism from the workforce, and 2025 will surpass the record with a clear vision and roadmap that will consolidate operational excellence.

“This year, our mission is both ambitious and transformative: to build a service of excellence defined by the expertise of our people, the modernization of our facilities, and the innovative use of technology to enhance our processes,” Adedeji stated.

The 2025 roadmap is hinged on capacity building and training, infrastructure and facility enhancement, and technological advancement. The workforce will be trained to global standards, and FIRS will continue to revitalize its workspaces to reflect its status as a world-class institution and enhance productivity. Technology will drive the expansion of the integrated tax administration systems and unify platforms to create a seamless and transparent process.