The Federal Inland Revenue Service has strengthened its commitment to enhancing tax compliance among Nigerian businesses through a strategic partnership with the Abuja Chamber of Commerce and Industry.
This collaboration was highlighted during the opening ceremony of the 19th Abuja International Trade Fair themed: ‘Mobility: Options for Transportation, Trade Finance and Taxation’ held in Abuja on Monday.
FIRS Chairman Zacch Adedeji, represented by Director of Tax Payers Services, Dr. Lovette Ononuga praised the ACCI for its ongoing efforts in promoting trade and collaboration among entrepreneurs.
“This event continues to highlight the strength and resilience of Nigerian entrepreneurs,” Adedeji stated.
“Additionally, we believe that collaboration is key to advancing tax advocacy and promoting voluntary compliance. So, our partnership with institutions such as the Abuja Chamber of Commerce and Industry is crucial to raising awareness about the benefits of tax compliance in an economy.
“Working together, we help create a culture of compliance that not only strengthens the tax system but also contributes to the overall stability and predictability of the business environment,” she said.
Ononuga emphasised the importance of technology in simplifying tax compliance, noting that “automation has simplified tax compliance, making it easier for businesses to thrive and pay taxes.”
She reiterated FIRS’s dedication to a customer-centric approach aimed at equipping tax officials with the necessary skills to serve the public effectively.
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President of the ACCI, Emeka Obegolu, welcomed attendees and acknowledged the Trade Fair’s role as a pivotal platform for connecting businesses.
He remarked that: “The AITF has established itself as a premier multi-sectoral event in Nigeria, offering domestic and international exhibitors the opportunity to showcase new products and gain insights into evolving industry trends.”
The theme of this year’s fair, “Mobility: Options for Transportation, Trade Finance, and Taxation,” resonated throughout the discussions, highlighting critical elements for economic growth. Obegolu explained, “Efficient transportation options help businesses overcome logistical challenges, streamline supply chains, and reduce operational costs,” he added.
The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, Dele Oye, praised the partnership and underscored the necessity for effective policies that foster a conducive business environment.
He stated: “The significance of efficient transportation networks, accessible trade finance solutions, and fair taxation policies cannot be overstated as we seek to position Nigeria as a leader in regional and global commerce.”
The Fair, running over 12 days, features over 500 exhibitors showcasing more than 10,000 products and services. It serves not only as a trade hub but also as a venue for knowledge-sharing and networking among industry leaders and policymakers.
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