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Home Government & Politics

Nigerian Government: We will make use of technology to monitor revenue collection in real time

Nigerian Canadian Newspaper Canada by Nigerian Canadian Newspaper Canada
July 11, 2023
in Government & Politics, Nigerian News
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Nigerian Government declares June 12 public holiday

The Nigerian government of Nigeria has revealed its plan to make use of technology to monitor revenue collection in real-time.  

This revelation was made by Zacchaeus Adedeji, Special Adviser to President Bola Tinubu on Revenue, during an interview on Channels Television. He said the government would be integrating the activities of the Federal Inland Revenue Service (FIRS), Nigerian Maritime Administration and Safety Agency (NIMASA), the Nigeria Customs Service (NCS) and other revenue collection agencies.

Also, he said the government would be able to increase Nigeria’s total annual revenue which is currently below N15 trillion, without imposing extra taxes.

He said: “The current administration needs to increase the nation’s revenue not through taxation but by addressing indiscipline in national spending and technologically monitoring revenue collection when agencies like FIRS and Nigerian Customs are harmonized.

“The law is very clear as to how to collect revenue. In Section 162 of the Nigerian Constitution, it is clearly stated that there shall be an account called the Federation Account and all government revenue must be put into that account.

“When we talk about harmonisation, we are just saying integration of all collecting agencies, that on one platform, we can know what is happening in NIMASA, NPA, NCC, Customs, Federal Inland Revenue (Service)…We will make use of technology to know everything going on in realtime.”

While talking further, he disclosed that the harmonization or integration exercise does not mean the current administration would merge revenue collection agencies. 

He said: “We are not collapsing. NNPC will be NNPC because it is limited, Federal Inland Revenue (Service) will be but the collection of all revenue will be technologically driven by data…Why there seems to be government within government is because of the law because there is no real law that specify what they should do.”

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