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Home Economy

IMF Pledges Support for FIRS Amid Ongoing Tax Reforms

Victoria Emeto by Victoria Emeto
July 10, 2025
in Economy, Tax
0
IMF Pledges Support for FIRS Amid Ongoing Tax Reforms

The International Monetary Fund (IMF) has pledged continued support for the Federal Inland Revenue Service (FIRS) as it advances its ongoing reforms. The IMF also commended the agency for what it described as “significant progress” in delivering on its core mandate.

This commitment was made on Wednesday by Paulo Paz, a Senior Economist with the Fiscal Affairs Department of the IMF, during the opening of the IMF-supported Headquarters Mission at the Revenue House in Abuja.

According to a statement issued by Dare Adekanmbi, Special Adviser on Media to FIRS Chairman Zacch Adedeji, the visit was aimed at exploring areas in which the IMF can assist the agency in navigating challenges, especially in the context of Nigeria’s newly signed tax laws.

Paz stated, “We want to know how we can best support you with this new challenge. Our take on the four tax laws is, first, a recognition of the very good work that FIRS has been providing to the citizens.”

The IMF’s engagement reflects growing international confidence in FIRS’s reform agenda and aligns with Nigeria’s broader strategy to enhance revenue generation and fiscal transparency.

Chairman Zacch Adedeji has spearheaded a number of reforms within FIRS, focused on expanding the tax base, leveraging technology, and improving voluntary compliance.

Tags: #FIRSReforms#FiscalTransparency#IMFSupport#NigeriaTaxReform
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