Nigeria’s Tax System Needs to be Revamped says JTB Boss
By Patience Ikpeme
Dr. Zacch Adedeji, Chairman of the Joint Tax Board JTB has called for a complete revamp of Nigeria’s tax system to a more simplified and modernized technology based tax system.
He made this call at the 154th Joint Tax Board (JTB) Meeting on Wednesday in Abuja .
Dr. Adedeji who also happens to be the Executive Chairman of the Federal Inland Revenue Service (FIRS), noted that it is imperative for Nigeria to adopt a more realistic and technology driven tax system.
Citing the success of the previous tax year (N12.3 trillion collected) as a very good example for the need to adopt this coherent and simplified tax system, the JTB chairman further expressed joy that the sub-national level will surpass the N2 trillion mark for the first time.
Dr. Adedeji also emphasized the need of combining people and personnel to access the untapped tax revenue and achieve an optimum tax system for the country.
Speaking to the activities of the JTB, Adedeji advocated that focus should not be on the nominal growth alone, but also on a wholistic, sustainable and inclusive growth that covers institutions, people, technology and factors that define the well-being of our economy.
