We Will Make Use Of Technology To Monitor Revenue Collection In Real Time – FG

During an interview on Channels Television, Zacchaeus Adedeji, the Special Adviser to President Bola Tinubu on Revenue, revealed the federal government’s comprehensive strategy to leverage technology for real-time monitoring of revenue collection.

Adedeji emphasized the integration of various revenue collection agencies such as the Federal Inland Revenue Service (FIRS), Nigerian Maritime Administration and Safety Agency (NIMASA), and the Nigeria Customs Service (NCS).

Furthermore, Adedeji expressed confidence in the government’s ability to augment the nation’s current annual revenue, which falls below N15 trillion, without resorting to additional taxation measures.

He Said:

“The current administration must focus on increasing the nation’s revenue by addressing indiscipline in national spending and implementing technological monitoring of revenue collection. This can be achieved through the harmonization of agencies such as FIRS and Nigerian Customs.
The Nigerian Constitution, specifically Section 162, clearly outlines the process for revenue collection. It mandates the establishment of the Federation Account, where all government revenue must be deposited.
Harmonization refers to the integration of all revenue-collecting agencies onto a single platform. This integration allows for real-time monitoring of activities in agencies such as NIMASA, NPA, NCC, Customs, and the Federal Inland Revenue Service (FIRS) through the use of technology.
It is important to note that harmonization or integration does not involve merging the revenue collection agencies. Each agency will retain its identity, such as NNPC and FIRS. However, the collection of all revenue will be driven by technologically-enabled data systems.
The existence of multiple agencies with overlapping functions can create the perception of a government within a government. This situation arises due to the absence of clear legislation defining the roles and responsibilities of these agencies.”

Adedeji expressed his sympathy for Nigerians regarding the difficulties caused by the elimination of petrol subsidies.

Additionally, he revealed that the current economic distress and inflation experienced by Nigerians will be temporary.

By Chinedu

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