Prior to Nigeria’s Independence in 1960, agriculture was the mainstay of its economy, even as reflected in the economic activities of the regions there were in the country at that time. Famous stories of the First Republic chronicled how the defunct regions were reliant on revenues from the groundnut pyramids in the north, the cocoa export receipts from the defunct west and the rubber as well as palm oil proceeds from the east.

With the discovery of crude oil in commercial quantities, beginning from Oloibiri in the present-day Bayelsa State in 1956, agriculture, over time, became supplanted by black gold in terms of contributions to the national revenue pool. Not only did crude oil receipts ride the wave as far as the total collectable revenue was concerned, but the Nigerian National Petroleum Corporation (NNPC) became the cornerstone entity for the three tiers of government to look up to for salvation in terms of their fiscal projections.

However, those days when the federal, state and local government councils wait zealously for revenue figures from NNPC have not only receded into the past but appear to have gone for good. At the monthly meeting of the Federation Account Allocation Committee (FAAC), focus has shifted to the Federal Inland Revenue Service (FIRS), the goose that is laying the golden egg for the fiscal stability and wellbeing of the federation.

For those who may not know, the ‘cake’ shared monthly by the Federation is baked by four major entities: NNPC, FIRS, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), formerly known as Department of Petroleum Resources (DPR) and the Nigeria Custom Service (NCS).

Of the body of ‘bakers,’ FIRS under Zacch Adedeji has emerged as the cream of the crop, singlehandedly and aggregately accounting for close to 70 percent of the total revenues collected and shared by the three tiers of government at FAAC meetings in 2024.

Out of N2.068 trillion that accrued to the Federation Accounts in January 2024, tax collected by FIRS accounted for more than 50 percent, with the agency’s contribution totalling N1.275 trillion. The other three revenue-remitting bodies jointly raked in the balance. While oil receipts from NNPC brought N115billion, NUPRC grossed N469.8billion, just as the Nigeria Custom Service remitted N207 billion.

The contribution of FIRS to the pool grew in February by N300 billion from what it brought to the account in January. From the N2.3 trillion that accumulated into the account, takings by FIRS amounted to N1.491 trillion, a collection figure that was more than 50 percent of the total revenue for the month. In fact, NNPC’s contribution to the pool was just N92 billion. NUPRC and NCS contributed N487 billion and N254 billion, respectively.

In March, FIRS contributed N1.061 trillion out of N1.867 trillion in the pool and in April, the Federation Account got N1.187 trillion from FIRS out of the N2.192 trillion revenue accrual. For May, out of the N2.324 trillion shared by the three tiers of government, FIRS alone contributed N1.571 trillion.

The last month in the first half of 2024 finished on a strong note for the Federation in terms of the size of the ‘cake’ available for sharing among the three tiers of government. Of the N3.5 trillion accrual in the Federation Account for the month, FIRS accounted for N2.841 trillion. Contributions from NNPC for the month was N8.3billion with NUPRC and NCS remitting N402.5billion N264 billion, respectively.

The upward trajectory of FIRS contribution to the Federation Account continued at the beginning of the second half of the year. It accounted for N2.295 trillion out of N3.508 trillion remitted into the Federation Account for July, representing 65.4 percent of the total haul. For August, the FIRS figure for FAAC was N1.87 trillion out of the N2.7 trillion in the pool. In September, October, November, and December, the agency’s contributions were N1.45trillion (out of N2.4trilion), N1.74trillion (out of N2.9), N1.56trillion (out of N2.8trillion) and N1.41trillion (out of NN2.2trillion), respectively.

The significance of FIRS contributions displacing oil receipts and turning tax revenue into the country’s new ‘crude oil’ has been well situated by the Accountant General of the Federation, Dr (Mrs) Oluwatoyin Madein. At an event in Abuja, she declared: “Tax revenue, as of today, is the highest source of revenue accruing to the Federation. Therefore, at FAAC meetings, we eagerly await the numbers coming from FIRS because the performance of the agency keeps on increasing and this brings succour to all tiers of government.”

Putting FIRS contribution to FAAC revenue pool in 2024 in context, we will see how it has helped the three tiers of government to plan, project and experience fiscal stability. There is nothing like fiscal discipline except you have accurate revenue prediction. If you say you want to spend N10, that means you must assurance that the N10 will come from somewhere. This commendable collection performance is in tandem with Adedeji’s vision of making taxation the pivot of national development.

What did FIRS do differently?

The impressive revenue collection posted by FIRS is not a product of happenstance. It is the outcome of a well-thought-out strategy and process re-engineering that formed the bedrock of a cocktail of administrative and process reforms embarked upon by the agency under Adedeji. One of his key refrains is that if FIRS is going to succeed in its critical national mandate of domestic revenue mobilisation, taxpayers must be at the centre of all policies and initiatives of the agency.

The FIRS chairman summarised the restructuring and re-orientation that powered the huge revenue collection and turned it to a customer-centric agency thus: “We restructured our operations at FIRS in such a way that we are now effectively carrying out our duty of assessing, collecting and accounting for taxes. We used to have functional types of taxes, but we have since identified that the only customers we have are the taxpayers. We have, therefore, improved the way we relate with our customers by rearranging our operations based on our customers, using their turnover as the basis to categorise them into large, medium, and emerging tax groups.

“We did this to develop expertise in what we do. Secondly, to provide them with a one-stop shop for their activities. If you are in a large tax group, you only need to go to one office to pay all forms of taxes, including conducting audit and other activities. You do not need to move from one office to another again.

“We are here to serve the taxpayers. The taxpayers are not armed robbers or criminals that we will be chasing about. FIRS is also not a law enforcement organisation. We are partners in progress. The taxpayers are the trees in our vineyard. The only thing we can do is to ensure they are well watered and well pruned so they can bear good fruits for us to have a big harvest.

Because of the streamlining of tax processes, the removal of hurdles in the way of tax payment as well placing a high premium on transparency and accountability, a total number of 182, 724 new taxpayers, representing a 25.3% increase, voluntarily enrolled on the agency’s tax administration platform called Tax Pro-Max in 2024. It is the single biggest leap in the number of firms in the tax net in the recent history of the tax agency. This not only underscores the level of trust reposed in the new processes emplaced at the agency. It also lends credence to Adedeji’s sharp vision of making the agency one of the world’s most efficient and trusted revenue authorities.

The president, Lagos Chamber of Commerce and Industry (LCCI), Mr Gabriel Idahosa, testified to the unusual transformation witnessed at FIRS. Idahosa commended the agency for conducting reforms that align with the needs of businesses, particularly singling out the increasing use of technology in tax administration as well as the shift in the mental geography of tax officers from being mere tax collectors to “actively providing services that enhance business operations.”

One key import of the unprecedented growth in tax revenue for the Federation is that the non-oil sector accounts for about 75% of the total haul. This clearly signposts the commitment of the President Bola Tinubu-led administration to truly diversify the economy from its mono-product, crude oil. According to Adedeji, all accolades for the impressive tax collection by FIRS should go to President Tinubu. Of a truth, two key policies by the president, namely the removal of fuel subsidy and unification of the exchange rate, gave fillip to the record tax revenue collection by FIRS. The negative consequences of not setting these economic fundamentals at the time President Tinubu did would have been unbearable for an economy that was already in the ICU before President Tinubu assumed office.

Despite the laudable achievements of the agency since its assumption of office in September 2023, Adedeji is not resting on his oars. He believes the success recorded so far is just a beginning, with his key fiscal focus being on growing Nigeria’s tax-to-GDP ratio to 18% in the next three years. This, he believes, is achievable without putting additional burden on the taxpayers but by making the pie bigger to collect more revenue for government at all levels to be able to meet their obligations to the citizenry.

For him, there is irreducible minimum if the upward tax revenue trajectory must continue. “We can play with everything, but what we cannot afford to play with, if we are going to succeed, are data and merit,” he once said.

It needs to be said that prior to Adedeji’s leadership, the agency’s contribution to FAAC had been growing. However, the coming of Adedeji has moved the quantum significantly higher through a potpourri of internal administrative and process reforms he introduced, leading to simplifying of tax payment.

For 2025, FIRS is targeting to collect N25.2 trillion in tax revenue, and this means more money for the three tiers of government to meet their needs. This is another reason why there should be no opposition to the tax reform bills currently before the National Assembly. If FIRS could post these huge records in a short time, breaking its own records and setting higher targets and goals, a tax system that is modernised and fit for purpose can only add impetus to the task of domestic revenue mobilisation given to FIRS.

For those asking the question: where does tax revenue by FIRS go? The answer is this: every month that the federal, state and local government councils gather in Abuja for FAAC meeting and money is shared accordingly, about 70% of that money comes from the tax revenue FIRS collects from taxpayers.

For perceptive observers, President Tinubu deserves to be hailed for the huge jump in shareable FAAC allocations, which continue the upward swing since his assumption of office. All the states now collect almost three times of what they used to get as FAAC allocation prior to the coming of the Tinubu administration. Every month, managers of the three tiers smile to the banks, thanks to the President’s courageous leadership.

Adekanmbi is the special adviser on media to the executive chairman, Federal Inland Revenue Service (FIRS).

Amofin Beulah Adeoye, the president of Beulah Adeoye Foundation has extended his warm felicitations to Oyo Muslim Community and beyond over commencement of month of Ramadan where Muslim faithful were mandated to fast.

Amofin Adeoye in a statement made available to pressmen through his Chief of Staff, Ridwan Fasasi, urged all Muslims to come together to support those in need, extend kindness to their neighbours, and deepen their spiritual connections during the holy month.

“As the holy month of Ramadan begins, the Beulah Adeoye Foundation extends its warmest greetings to our Muslim brothers and sisters. This sacred time of reflection, prayer, and fasting is a reminder of the importance of faith, compassion, and community.

“During this blessed month, we are reminded of the values that unite us all—empathy, generosity, and a shared commitment to uplift one another. Let us come together to support those in need, extend kindness to our neighbors, and deepen our spiritual connections.

“May this Ramadan bring you and your loved ones peace, prosperity, and abundant blessings. As you break your fast each evening, may your hearts be filled with gratitude and your homes with joy.

“From all of us at Beulah Adeoye Foundation, we wish you a peaceful and fulfilling Ramadan”.

Friends, let’s be frank—governance is like a stubborn yam on a hot plate. It doesn’t cook itself into perfection. We must be intentional about reforms, or we risk serving up a bitter, half-baked meal to our people. It isn’t just a buzzword, but the mortar that binds the bricks of progress, which ensures our political system doesn’t crumble under the weight of inefficiency, corruption, or apathy. For one, I see this as non-negotiable: we can’t stumble into better days; we must march there with purpose, armed with clear strategies and a heart for change. Intentionality isn’t optional—it’s the compass steering us away from the reefs of stagnation.

Let’s picture this as a manifesting reality; a farmer in Saki toiling under the sun, hoping for roads to market his yams, or a teacher in Ibadan struggling with outdated textbooks, dreaming of a classroom with digital tools. Reforms in political governance can pivot these lives and turn whispers of despair into shouts of opportunity. When we intentionally overhaul education policies, streamline healthcare, or ensure more transparent budgeting, we don’t just tweak systems—we rewrite destinies. In Oyo State, where our Yoruba heritage thrives alongside modern aspirations, reforms mean ensuring every child in Igboora, Igboho, Ogbomoso and Ogbooro gets a fair shot at greatness it’s not magic; it’s logic—invest in people, and they’ll cultivate prosperity for us all.

Now, let’s talk about the government itself—our machinery of progress, which can either hum like a well-oiled engine or sputter like a rusty bicycle. Intentional reforms can transform bloated bureaucracies into lean and responsive institutions. Imagine a government in Oyo State where approvals for business permits in Iseyin take days, not months, or where public funds are tracked with the precision of a hawk, not lost in the fog of corruption. By restructuring governance—say, decentralising power to local councils or digitising public services—we institute efficiency that saves time, money, and sanity. This isn’t wishful thinking; it’s a logical blueprint for a government that serves, not stifles, its people. We can do it, my people.

Reforms aren’t a solo act. They’re truly realistic endeavours that allow the people and the government to play in tune. When we are loud and big on accountability—think of establishing citizen oversight committees in every ward—our people are then enabled to gain a voice, and officials gain a mirror. In Oyo, where our communities are tight-knit yet diverse, this harmony ensures that a mother in Igbo-Ora knows her taxes fund her child’s school, not some shadowy pocket. The ripple effect? Trust grows, participation surges, and governance becomes a partnership, not a dictatorship. It’s simple logic: when we reform systems to listen, both sides win—a happier populace and a sharper government. Sounds good?

I strongly believe in the fundamental power of intentional reforms with every fibre of my being—call it a governor’s faith, if you will. Having walked the streets of Oyo, its usually bustling markets in Ibadan to the quiet villages of Oke-Ogun where I originally come from, I’ve seen the hunger for more in our people’s eyes. I’ve studied the failures of some past systems—inefficiency, favouritism, and drift—and I know we can do better and build more on the serious efforts of the present leadership. My belief isn’t blind optimism; it’s rooted in data, history, and the lived realities of our state, I’m not just offering promises; I’m offering a philosophy: reform isn’t a luxury; it’s our lifeline to a thriving Oyo State.

Let’s attempt to break it down more logically —reforms can not be a leap into the unknown; they’re a staircase we climb with care. First, we diagnose: where are the leaks in our governance—corruption, outdated laws, or poor infrastructure? Then, we strategise: What policies can fix this—perhaps a transparent procurement system or investment in renewable energy for rural areas? Finally, we act: implement, monitor, and adjust, as well ensure every step lifts Oyo higher. This methodical approach isn’t rocket science; it’s “governance 101,” applied with the precision of a Yoruba weaver crafting a perfect aso oke. I hope to lead this march, step by step, with clarity and conviction.

Of course, reform isn’t a walk in the park—some will cling to the old ways like a child to a favourite toy. But here’s the wit in my vision: we don’t bulldoze resistance; we charm it with logic and results. If we show how reforms benefit everyone—possibly, creating jobs through infrastructure projects or cutting red tape for businesses—we win hearts and minds. I know for a fact that our people in Oyo state value wisdom and pragmatism, and I’ll use dialogue, not decrees, to convince sceptics. As a thought-leader, I see this as a chess game: anticipate the moves, outsmart the obstacles, and checkmate stagnation. It’s not just a change; it’s reform with a smile and a strategy.

My dear people of Oyo State, I’m asking you to join me in this ideological crusade for intentional reforms—not as a politician, but as your partner in progress. Let’s build more together – we can build a governance model that’s the envy of Nigeria, where every citizen in Lanlate, Ogbomoso, or Oyo feels the pulse of change My belief in this vision isn’t a fleeting fancy; it’s a sustainable commitment, built in the fires of observation, research, and supported by the hope of our people. I’m not just running for office; I’m running toward a future that allows Oyo state to shine as truly the “Pace Setter” it’s meant to be. Let’s be intentional, logical, and unstoppable—together. We can do just that.

Friday, February 28, 2025

Oyo State governor, ‘Seyi Makinde, has received the report of the Committee on Management/Disbursement of Bodija Explosion Relief Fund, noting that the state government will look into the recommendations and implement them as appropriate.
Governor Makinde, who was represented by the Deputy Governor who also doubles as the chairman of the relief fund committee, Barr. Abdulraheem Bayo Lawal, said the event that led to the setting up of the committee was sad and avoidable.

He noted that the state government responded to the explosion by putting in place several measures, including emergency services and post-explosion support services.
He added that the state had to dig deep into the root cause of the explosion, admonishing residents of the state to continue to be security-conscious and alert.

The governor assured that the committee’s report would be implemented so as to support victims of the explosion and bring some sort of relief to them.
He said: “Immediately the explosion happened at Deji Oyelese Close, Bodija, the Oyo State Government moved in to mitigate the level of damage.
“It also became important for the state government to dig into the root cause of the explosion, which was an unusual incident, particularly in the area where it occurred.

“No one knew that such monumental damage could occur around that high-brow area of Oyo State in Bodija. Nevertheless, we keep learning every day. This is why we must not take for granted the issue of security around us.

“The government put this committee in place of which I am the Chairman. Let me say clearly that my Principal agreed that I must receive this report and that the government will act on the report.

“So, on behalf of His Excellency, I want to assure that this report would be looked into quickly and the recommendations therein would be implemented.

“We know that we do not have the luxury of further delay in implementation. We will put in all the efforts that will be required for quick implementation, so that victims of the explosion would be assuaged and assisted without further delay.

“I have to thank the committee members for giving their time. The Oyo State Government really appreciates you for the yeoman’s job.”

Speaking earlier, CP Fatai Owoseni (rtd), a member of the committee, who stood in for the chairman to present the committee’s report, said the report was in four volumes.
He said: “I stand here on behalf of the chairman of this committee to present the report on the disbursement and management of Bodija Explosion Relief Fund.

“It would be recalled that His Excellency inaugurated this committee on the 24th of December, 2024. And as the name implies, the committee came up with recommendations on the disbursement and management of the Bodija Explosion Relief Fund.

“Your Excellency, the committee, in its deliberations, factored its work on the report prepared by the trilateral meeting of Dejo Oyelese Vigilance Group (DOVG), Bodija Estate Residents Association (BERA) and other experts.

“The report that is being presented to Your Excellency this morning by the committee has four volumes. Volume 1, which is the main report, is divided into eight chapters and these represent the deliberations and recommendations of the committee.

“Volume 2 of the report represents the trilateral meeting of the DOVG, BERA and the Nigerian Society of Engineers on the framework for the distribution of government financial support pledged to the affected persons.

“Volume 3 is a reflection of the breakdown of money apportioned to support respective affected persons while Volume 4 of the report is a detailed pictorial representation and description of damages recorded during the explosion.
“The committee would like to express its gratitude to Your Excellency for the opportunity and the confidence reposed in members.

“I believe that this report would, aside from being beneficial to affected persons, also serve as a proper guide to government in the disbursement of the support that has been pledged by His Excellency.”

Also speaking, the president of Bodija Estate Residents Association, Pastor Muyiwa Bamgbose, said the committee proposed support for different categories of victims, including those who lost loved ones, buildings, vehicles and other valuables.

He added that the relief fund is a support and not compensation, noting, however, that if the recommendations of the committee are implemented, they will go a long way in assisting the victims.

He said: “We proposed support for different categories of people – for the families of those who lost their lives and those who lost buildings, vehicles and the rest. So, it varies.

“We recommended different figures depending on what we perceived was the level of effect on each of these people.
“Our expectations are that, like His Excellency said, the implementation will be expedited. We have done due diligence and what we are presenting will be ready to go.
“We appreciate the expediency that made the state government agree that the Deputy Governor himself should stand in for the governor.

“So, our expectation is that the implementation would be done with expediency.

“On the relief fund, if what we recommended is implemented, there is no doubt that it would help. And don’t forget that it is called support. So, you can’t complain.
If it was compensation, you can claim what you lost but this is a kind of support and it is what should be appreciated.

“I know that for those who would receive, whatever they get is going to be well appreciated.
“We have shown appreciation to our governor on the treatment of those who were affected during the incident. Our roads are now being done. If we are going to have development, there is going to be complaint.
“We appreciate what the government has done so far.”