x

CSOs Commend FIRS Boss Adedeji For Championing Nigeria’s Crypto Tax Revolution

About 1000 Coalition of Civil Society Organisations (CSOs) has commended Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), for his pioneering efforts in revolutionizing Nigeria’s tax system to accommodate cryptocurrencies.

In a press conference addressed in Abuja on Monday and signed by Mallam Yakubu Mohammed, National Coordinator, and Barr Godspower Ebi, National Secretary, the CSOs praised Dr. Adedeji’s visionary leadership in addressing the challenges posed by digital currencies.

“Dr. Adedeji’s commitment to modernizing Nigeria’s tax system is a bold step towards embracing the digital economy,” the statement read. “His efforts will not only boost confidence in the cryptocurrency market but also protect consumers, reduce tax evasion, and attract international investment.”

The CSOs noted that Nigeria’s current regulations, such as the Stamp Duty Act of 1939, are outdated and inadequate for addressing the complexities of digital currencies. They applauded Dr. Adedeji’s plans to establish clear guidelines for digital assets, simplify tax reporting, and leverage technology to ease compliance.

“Dr. Adedeji’s approach aligns with global best practices, and his leadership ensures that Nigeria’s tax policies adapt to the evolving digital financial economy,” the statement added.

The CSOs urged stakeholders to support Dr. Adedeji’s initiatives, saying, “This move will create a more transparent, secure, and thriving financial system for Nigeria.”

With Nigeria’s growing engagement in digital currency trading, the CSOs recognized the need for a regulatory framework that effectively manages the evolving financial world.

“Dr. Adedeji’s crypto tax revolution is a game-changer for Nigeria. We commend his dedication to making Nigeria’s tax system fit for the digital age.”

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Senator Wamakko Launches Second Phase of Empowerment Program to Support Constituents

By Muhammad Ibrahim, Sokoto Senator Aliyu Magatakarda Wamakko, representing Sokoto...

Bayelsa Launches Tinubu’s Renewed Hope Scheme

By Amgbare Ekaunkumo, Yenagoa The Community Peace and Development Initiative...

Another Tragic Boat Accident in Sokoto Claims 6 Lives, 3 Missing, 19 Rescued

By Muhammad Ibrahim, Sokoto A tragic boat mishap occurred in...

NPA MD Dantsoho Accused of Breaching EFCC Agreement Over ₦57bn Contract Scam – Contractor

By Achadu Gabriel, Kaduna The Managing Director of the Nigerian...

Challenges of Street Begging: Expert Advocates Capacity-Building Training for Children

By Achadu Gabriel, Kaduna Development expert and philanthropist, Mr. Mohammad...

NULGE Urges L.G Workers to Double Efforts in Service Delivery

By Jabiru Hassan The Chairman of the Nigeria Union of...

President Tinubu Committed to Inclusive Prosperity for All Nigerians – Umahi

…Says South East Will Reciprocate with Support for Tinubu’s...

Bichi Pensioners Elect New Executives

By Jabiru Hassan The Bichi Local Government chapter of the...
spot_img

Related Articles

Popular Categories

spot_imgspot_img