Nigeria: House Committee Urges FIRS to Boost Revenue with New Headquarters

The House of Representatives Committee on Finance has urged the Federal Inland Revenue Service (FIRS) to leverage its soon-to-be-completed 16-storey headquarters to enhance revenue generation efforts for Nigeria.

During an oversight visit to the construction site, Committee Chairman James Abiodun Faleke commended FIRS management on their progress and assured them of parliamentary support for timely project completion. Faleke noted the building’s significance, emphasizing its potential to contribute to the nation’s revenue once operational.

“We visited the proposed permanent site, a 16-storey building, and observed the progress made. Although construction began in 2011, the current management has advanced it to 65% completion, and it is expected to be ready by the last quarter of next year,” Faleke stated. He added, “Once completed, and with the new tax laws, we anticipate that this headquarters will facilitate increased revenue for the government.”

Faleke emphasized that the Committee would continue to back FIRS in fulfilling its mandate, recognizing the agency’s critical role in Nigeria’s economic growth. “We are committed to supporting you as you carry out your responsibilities. We’re pleased with your performance so far,” he said.

FIRS Executive Chairman, Zacch Adedeji, expressed gratitude for the lawmakers’ support and pledged to maintain a cooperative relationship with the parliament. He assured the Committee that FIRS would strive to meet revenue targets and execute its budget responsibly.

“Mr. Chairman, we welcome you and your colleagues to our headquarters and appreciate your ongoing support. We are committed to working together for the nation’s development,” Adedeji affirmed.