- The Federal Inland Revenue Service collected a record N21.6 trillion in 2024, surpassing its target of N19.4 trillion by N2.2 trillion
- FIRS Executive Chairman Zacch Adedeji outlines plans to achieve a N25.2 trillion revenue target for 2025 through enhanced efficiency and technology
The Federal Inland Revenue Service (FIRS) has announced that it collected a record-breaking N21.6 trillion in revenue for the year 2024, surpassing its initial target of N19.4 trillion.
FIRS Executive Chairman, Dr. Zacch Adedeji, made this disclosure on Thursday in Abuja at the 2025 Strategic Management Retreat, themed “Building a High-Performance FIRS through Collaboration and Innovation.”
Speaking at the event, Adedeji described the achievement as a milestone in FIRS history, crediting it to resilience, professionalism, and strategic leadership.
“The FIRS closed the chapter of 2024 with an achievement that will forever be recorded in the history of the Federal Inland Revenue Service. We generated a record-breaking N21.6 trillion in revenue, surpassing our target of N19.4 trillion,” he stated.
He further emphasized the critical role of tax revenue in national development, saying:
“Our work enables the delivery of critical infrastructure, social services, and opportunities that transform lives. We are not just staff members; we are agents of the nation, entrusted with a responsibility that goes beyond the walls of this organization.”
Looking ahead, Adedeji revealed that FIRS has set a more ambitious revenue target of N25.2 trillion for 2025.
He outlined the agency’s strategy, which includes:
- Strengthening internal processes to ensure efficiency and transparency.
- Leveraging technology to improve tax collection and compliance.
- Enhancing collaboration with stakeholders to boost revenue generation.
He assured Nigerians that the FIRS remains committed to driving economic growth by ensuring that tax revenue is maximized and utilized for national development.