- Safiu Kehinde
The Federal Inland Revenue Service’s (FIRS) Chairman, Dr. Zaach Adedeji, has lauded Oyo State Governor, Seyi Makinde, over the Infrastructural and economic development in the state.
Adedeji commended the state’s progressive strides in infrastructure and socioeconomic development while speaking at the opening ceremony of the 157th meeting of the Joint Tax Board, held on Monday in Ibadan, the state capital.
The FIRS boss, according to a statement issued on the service’s official X handle, acknowledged Oyo state’s impressive achievements in revenue generation.
He noted a 145.5% growth in the state’s revenue profile since 2019 and a 2024 Internally Generated Revenue (IGR) performance of ₦65.28 billion.
This, according to Adedeji, placed Oyo among the top ten states in the country.
He praised the administration’s efforts in leveraging the informal sector for economic growth and recognized initiatives such as the “Ise D’Otun” program.
However, the FIRS boss, in his welcome address, emphasized the significance of the Joint Tax Board as a unifying platform for tax administration in Nigeria.
“The Joint Tax Board is a national and inclusive family, being the umbrella body for tax administration in the country.
“It was established by the provisions of Section 86(1) of the Personal Income Tax Act, CAP, P8 Laws of the Federal Republic of Nigeria, 2004, as amended, and is a critical player in the Nigerian tax system.
“It is charged with the mandate of promoting and ensuring uniformity, harmony, and efficiency in Personal Income Tax Administration, while providing advice on general tax matters to all tiers of governments.
“As you are aware, JTB is transiting to the Joint Revenue Board with expanded scope and functions.
“We are hopeful that by the time we hold the next meeting of the Board, the Joint Revenue Board (Establishment) Bill would have been signed into Law by the President.” Adedeji said.