The Senate has confirmed the nomination of Zack Adedeji as the chairman of the Federal Inland Revenue Service.
Adedeji was confirmed following a majority decision by senators after he was screened during the plenary session on Tuesday.
Speaking before his confirmation, Adedeji promised to improve the data mining capacity of the agency to make appropriate tax decisions.
He attributed revenue leakages to a lack of data on the finances of local and foreign firms operating in the country.
He said,
“We will improve our data mining capacity. We will develop the data upon which will we make decisions on taxes.”
He also pledged to look into the Federal Government’s tax credit scheme, which grants some corporations tax holidays in exchange for the provision of infrastructure.
