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Raising Nigeria’s IGR Target.

During a recent Senate Committee on Finance session with the head of the Federal Inland Revenue Service (FIRS), we discussed the potential for doubling the government’s tax revenue target, from 15 trillion Naira to 30 trillion Naira.

This ambitious goal would involve expanding the tax net to include more individuals and businesses, particularly those within the informal sector.

However, the FIRS led by its executive chairman, Zacch Adedeji PhD, emphasized a commitment to “taxing prosperity, not poverty,” ensuring that any new measures do not disproportionately burden low-income earners.

SM

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