Adedeji’s vision emphasizes that Nigeria does not need to raise taxes to boost its economy; instead, the country should expand its tax base by bringing more eligible taxpayers into the system. This approach aims to provide the government with a steady and sustainable revenue stream to address Nigeria’s pressing infrastructure needs.
In a recent address at the 2024 National Dialogue, Adedeji explained that the ongoing tax reforms being debated in the National Assembly are not about creating new taxes. Instead, they focus on making the tax system more accessible to the millions of Nigerians who should be paying taxes but are currently excluded. “We don’t need new taxes; we need new taxpayers,” he emphasized, noting that the goal is to ensure that all individuals involved in business or who are gainfully employed contribute their fair share to the country’s development.
This perspective reflects his belief in a fair and transparent tax system that doesn’t place additional financial strain on citizens but rather invites more people into the fold, ensuring the country’s economic engine runs smoothly and efficiently.
Adedeji’s tenure at the Federal Inland Revenue Service (FIRS) has already yielded impressive results. The agency has consistently exceeded its revenue targets, with reports showing a positive trend in revenue generation from January to October of the current year. This success is a direct result of Adedeji’s leadership and his commitment to making the tax process more efficient, particularly by embracing digital technology.
The implementation of digital solutions, such as the TaxProMax platform, has streamlined tax filing and payment, reducing the bureaucratic inefficiencies that once plagued the system. These advancements have made it easier for both individuals and businesses to comply with their tax obligations while ensuring that more revenue is collected for the country’s growth.
In addition to expanding the tax base, Adedeji has stressed the importance of collaboration between the public and private sectors to foster economic development. He views public-private partnerships (PPPs) as a crucial strategy for driving innovation and improving infrastructure.
By working together, both sectors can effectively meet Nigeria’s infrastructure needs, such as those related to transportation, energy, and water supply. Adedeji believes that with the right partnerships and clear frameworks, the private sector can play a significant role in building the nation while supporting the government’s revenue-raising efforts.
Dr. Adedeji’s leadership is characterized by a strong commitment to transparency and accountability. He has made significant strides in addressing corruption within the tax system by establishing an Anti-Corruption and Transparency Unit (ACTU). Supported by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), this unit is tasked with ensuring that the tax system operates with integrity and that all collected revenue is properly managed. Through these efforts, Adedeji is helping to rebuild trust in Nigeria’s tax system, demonstrating that it is possible to generate more revenue without compromising fairness.
Through these initiatives, Dr. Zacch Adedeji is not only reforming Nigeria’s tax system but also laying the groundwork for a more equitable and prosperous future. His vision for a fairer, more inclusive tax system, combined with his emphasis on innovation and collaboration, is guiding Nigeria toward economic growth and financial stability.
