The Federal Inland Revenue Service (FIRS) has achieved its 2025 oil and gas sector revenue target — the first time in many years — a feat the agency attributes to sustained peace in the Niger Delta.
FIRS spokesman Dare Adekanmbi disclosed this in a statement on Thursday, quoting the agency’s Executive Chairman, Dr. Zacch Adedeji, who spoke during a courtesy visit by a high-level military delegation led by the Chief of Defence Staff, General Christopher Musa.
Adedeji said the improved security situation in oil-producing areas had boosted crude production, increased company profitability, and consequently raised tax revenue for the federation.
“The coordinating director of the Large Tax Group made a presentation at our management meeting today on tax collection to date, and I am glad to say that, for the first time in a long while, we met our oil and gas target,” he said. “This is actually as a result of the peace that has been maintained where oil and gas facilities are located. Production is happening, and companies are making more profit from it.”
