The Senate has officially ratified Zack Adedeji’s appointment as the head of the Federal Inland Revenue Service, a decision that gained majority support from senators following his thorough examination during the plenary session held on Tuesday.
In his address before being confirmed, Adedeji committed to enhancing the agency’s data mining capabilities, aiming to enable more informed tax-related decisions.
He pointed out that the absence of comprehensive financial data for both local and foreign companies operating within the nation has contributed to revenue losses.
Adedeji expressed, “We are dedicated to strengthening our data mining prowess, using it as the foundation for our tax assessments.”
Furthermore, he vowed to closely scrutinize the Federal Government’s tax credit program, which provides certain corporations with tax exemptions in exchange for infrastructure development.
