A former Finance Commissioner in Oyo State, Zacchaeus Adedeji has been confirmed by the Senate as the Chairman, Federal Inland Revenue Service (FIRS).
Adedeji, who once served as the Special Adviser to the President on Revenue was confirmed on Tuesday, October 31, following a majority decision by senators after he was screened during a plenary session in Abuja.
Speaking before his confirmation, Adedeji promised to improve the data mining capacity of the FIRS to make appropriate tax decisions.
He attributed revenue leakages to a lack of data on the finances of local and foreign firms operating in Nigeria.
He said: “We will improve our data mining capacity. We will develop the data upon which will we make decisions on taxes.”
He promised to reassess the Federal Government’s Tax Credit Scheme, which grants some corporations tax holidays in exchange for the provision of infrastructure.
