The new chairman of the Federal Inland Revenue Service, FIRS, Dr Zacch Adedeji, has said the nation is in a revenue crisis and requires urgent steps to change the narrative.

Adedeji, who stated this while taking over the mantle of leadership of the agency from his predecessor, Muhammad Nami, noted that about 96 per cent of Federal Government revenue was spent on debt servicing last year, stressing that the situation is not sustainable.

This is even as the former chairman of the revenue agency, Nami, said the FIRS generated 8.5 trillion naira in revenue into the federation account as of mid-September.

The new tax-master pledged to eliminate leakages in the system, with a view to raking in all tax revenues into government coffers.