Skip to content

Ova News NG

Ova News NG feed V2

Primary Menu
  • HOME
  • NEWS
  • ENTERTAINMENT
  • SPORTS
  • POLITICS
  • WORLD NEWS
  • LIVE FOOTBALL SCORES
  • Home
  • NEWS
  • FIRS Saved Nigeria From Fiscal Crisis With Tax Revenue— RMAFC Chairman
  • NEWS

FIRS Saved Nigeria From Fiscal Crisis With Tax Revenue— RMAFC Chairman

ovanews 2 months ago 2 min read
Share:
Hon. Kolade Daniel Abimbola receiving a memorabilia from the FIRS Chairman Dr Zacch Adedeji.

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Bimbo Kolade, has said that the leadership of the Federal Inland Revenue Service (FIRS) saved Nigeria from experiencing a fiscal crisis.

The RMFAC Chair said this on Thursday at the inauguration of the joint technical committee to enhance tax revenue oversight and promote fiscal stability across Nigeria’s federal, state, and local governments.

Kolade explained that the availability of reliable revenue, largely from taxes collected by the FIRS and distributed during the monthly Federation Allocation Account Committee meetings, enables all tiers of government to plan and execute development projects.

He further noted that in 2024, taxes collected by FIRS made up a certain percentage of the total revenue shared among the three tiers of government, underscoring tax revenue as the primary source of income, surpassing earnings from crude oil managed by the Nigerian National Petroleum Corporation.

Kolade also praised the FIRS chairman, Zacch Adedeji, for his performance and leadership since assuming office in September 2023.

He said, “If not for the wonderful job our chairman has been doing since September 2023 at the service, Nigerians may have been crying a little more with what we have passed through.

“With your dedication, commitment and stellar performance, we can see that the country has been the better for it. I also want to congratulate Dr Adedeji on the success of the tax reform bills.

“We could see the initial misunderstanding that came with the bills, even the little difference between RMAFC and FIRS on the issue of VAT allocation and the rest of them.

“But then, because of the kind of person the FIRS chairman is, he called our chairman, and it was resolved.

“At RMAFC, we have various committees that oversee various parts of government organisations that we need to monitor. One of the federal agencies is FIRS.

“This RMAFC was put in place to monitor tax revenue by ensuring that all taxes, such as Value-Added Tax, Companies Income Tax and the rest are properly collected and remitted into the federation accounts,.”

FIRS Saved Nigeria From Fiscal Crisis With Tax Revenue— RMAFC Chairman is first published on The Whistler Newspaper

Facebook Comments Box
Share:

Related:

  • Customs, FIRS, Others Remit N7.4tn Into Federation Account In Three Months
    Customs, FIRS, Others Remit N7.4tn Into Federation…
    NEWS
  • WHX Lagos & WHX Labs Lagos 2025 Conclude with Transformative Impact on West Africa’s Healthcare Landscape
    WHX Lagos & WHX Labs Lagos 2025 Conclude with…
    ENTERTAINMENT
  • cropped-fb_img_15824808200841041-1.jpg
    Eid-el-Kabir: Sultan Laments Insecurity, CAN Calls…
    NEWS
  • VIPs Lobby Presidency As Customs Grounds 60 Private Jets Owned By Bank CEOs , Others
    VIPs Lobby Presidency As Customs Grounds 60 Private…
    NEWS
  • Abia Issues Diphtheria Alert, To Commission 55 Projects Against Disease
    Abia Issues Diphtheria Alert, To Commission 55…
    NEWS

Continue Reading

Previous: VeryDarkMan Re-Arraigned For ‘Cyberbullying’ Tonto Dikeh, Iyabo Ojo
Next: Ambiguous Roles Of Security Agencies Undermine Criminal Justice—PSC
  • Recent
  • Peace talks not enough, show it in deeds – Sokoto govt to Turji
    • NEWS

    Peace talks not enough, show it in deeds – Sokoto govt to Turji

  • Super Eagles Star Signs New Nottingham Forest Contract
    • NEWS

    Super Eagles Star Signs New Nottingham Forest Contract

  • Ex-SGF Resigns From APC
    • NEWS

    Ex-SGF Resigns From APC

  • ‘My Husband Is Not a Secret’: Ruth Kadiri opens up 
    • ENTERTAINMENT

    ‘My Husband Is Not a Secret’: Ruth Kadiri opens up 

  • Police tighten security in Edo over Black Axe 7/7 cult activities
    • NEWS

    Police tighten security in Edo over Black Axe 7/7 cult activities

  • I’m afraid of returning to Liverpool – Salah reacts to Jota’s death
    • SPORTS

    I’m afraid of returning to Liverpool – Salah reacts to Jota’s death

  • Reekado Banks raises concerns over music executive exploiting upcoming artists
    • ENTERTAINMENT

    Reekado Banks raises concerns over music executive exploiting upcoming artists

  • Breaking: Court Convicts Natasha Uduaghan Of Contempt, Ordered To Pay N5m
    • NEWS

    Breaking: Court Convicts Natasha Uduaghan Of Contempt, Ordered To Pay N5m

  • I’m no longer sure of marrying my babymama – Singer Reekado Banks makes U-turn
    • ENTERTAINMENT

    I’m no longer sure of marrying my babymama – Singer Reekado Banks makes U-turn

  • Breaking: Court Orders Senate To Recall Suspended Senator Natasha
    • NEWS

    Breaking: Court Orders Senate To Recall Suspended Senator Natasha

  • Peace talks not enough, show it in deeds – Sokoto govt to Turji
    • NEWS

    Peace talks not enough, show it in deeds – Sokoto govt to Turji

  • Super Eagles Star Signs New Nottingham Forest Contract
    • NEWS

    Super Eagles Star Signs New Nottingham Forest Contract

  • Ex-SGF Resigns From APC
    • NEWS

    Ex-SGF Resigns From APC

  • ‘My Husband Is Not a Secret’: Ruth Kadiri opens up 
    • ENTERTAINMENT

    ‘My Husband Is Not a Secret’: Ruth Kadiri opens up 

  • Police tighten security in Edo over Black Axe 7/7 cult activities
    • NEWS

    Police tighten security in Edo over Black Axe 7/7 cult activities

SECTIONS

  • ENTERTAINMENT
  • NEWS
  • POLITICS
  • SPORTS
  • WORLD NEWS

Get all Latest Ova News Feeds on the Go! 👋

Sign up to receive all Our latest News content Recap in your inbox every weekend.

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

Quick Links

  • News
  • Entertainment
  • Live Football Scores
  • Premier League Scores

Legal

  • Terms of Use
  • Privacy Policy

Connect with Us

  • Contact Us
  • Advertise
Copyright © 2025 Ova News Network | Created by Ben Ova O. | All Rights Reserved.
pixel