FIRS Boss Urges Nigeria to Diversify Revenue Beyond Oil for Economic Resilience

Adedeji, Chairman of FIRS, advocates for Nigeria to reduce reliance on oil revenues and foreign loans by restructuring the economy towards a more diversified and technology-driven tax system. He highlights the importance of generating revenue efficiently and sustainably through tax reforms and embracing sectors like agriculture, digital economy, creative industries, and mining.

Adedeji stresses the need for stronger enforcement, simplification of procedures, taxpayer education, and digital innovation to enhance tax compliance and revenue mobilization in Nigeria.