The nation is in a revenue crisis and require urgent steps change the narrative, the new Chairman of the Federal Inland Revenue Service, Dr. Zacch Adedeji, has said.


Receiving handover notes from.his predecessor, Muhammad Nami, in Abuja, this afternoon, Dr. Adedeji said that about 96 percent of the Federal government revenue was spent on debt servicing, last year.

The situation, according to him was not sustainable.

His words, “We are in revenue crisis. Government revenue is low amid a huge public debt.

“Last year, 96 per cent of government revenue went into debt servicing. Where debt has grown bigger than the Gross Domestic Product (GDP) and debt servicing faster than revenue, immediate actions have to be taken to remedy the situation.”

The outgone Chairman disclosed, however, that the Service was on its to setting a new revenue record in 2023, having collected N8.5 as at September 14.


https://www.vanguardngr.com/2023/09/we-re-in-revenue-crisis-new-firs-boss/amp/

If the country is broke, then blame it on looting or corruption

In other words, Nigerians should expect more taxation. Yoruba tony!

Why are they telling us? Setting the tone for more taxation, I reckon.

The only thing thîefnubu knows about the Nigerian economy is the mindless introduction of "throat cutting taxes"

Renewed Shegey Barawo Banza Pro Maxxxi!

GBAJUE CSU Accountant in power.

Looting pro max!

Guess the government was spread lies and propaganda of 1T revenue generation from the same FIRS before. The lies don tire una abi?

96% revenue for debt servicing, 86trillion naira debts, borrowing to pay fuel subsidy, oil theft, moribund refineries, dollar arbrtrage and round tripping, cronyism and inappropriate privatization of power sector,etc. The loads are damn too heavy but with God all things are possible.

May God bless President Tinubu.
May God bless Nigeria.

The emilokan government of mandate thieves are highly incompetent, clueless, vague, irresponsible & only excellent in dishong out propaganda, lies and deceit

Incompetence and ineptitude combined together by the time the 95% sleeping wakes up , it will be either too late or they will forever not wake up

Anybody expecting any tangible thing from dis govt, is like expecting to see a pregnant virgin

You can't tax yourself into prosperity. Taxation is never a yardstick to measure economic progress