IMF (2) (1).webp
The Digest:

The International Monetary Fund (IMF) has lauded the Federal Inland Revenue Service (FIRS) for achieving "significant progress" in its ongoing reforms and core duties. Speaking at the opening of an IMF-supported mission in Abuja, Paulo Paz, a Senior Economist at the IMF's Fiscal Affairs Department, commended FIRS for its "good work" under Chairman Zacch Adedeji, reaffirming the IMF's commitment to supporting effective tax administration in Nigeria. This commendation highlights Nigeria's

Key Digest:
  • The IMF recognized the "significant progress" of FIRS's reforms and core duties.
  • Paulo Paz, IMF Senior Economist, gave the commendation at an IMF-supported mission in Abuja.
  • Paz noted the "good work" FIRS provides to citizens under Chairman Zacch Adedeji.
  • The IMF pledges continued support for FIRS in tax administration.
  • The IMF team's mission is to support FIRS with the recently signed tax laws.
  • FIRS Chairman Zacch Adedeji applauded the IMF for its collaboration.
  • IMF collaborated with FIRS on portfolio management and compliance programs.
The IMF's visit and commendation underscore the positive trajectory of Nigeria's tax system reforms, particularly with the impact of the newly signed tax laws. This partnership is aimed at improving domestic revenue mobilization and addressing systemic weaknesses, as evidenced by significant improvements in Tax Administration Diagnostic Assessment Tool (TADAT) results between 2018 and 2023. This collaborative effort firmly points towards continued


Sources: The Nation, Vanguard Newspaper