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Senate demands financial details of revenue-generating agencies

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Wsj
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Joined: Fri Apr 15, 2016 8:31 pm

Senate demands financial details of revenue-generating agencies

Unread postby Wsj » Tue Nov 01, 2016 7:19 pm

The Senate on Tuesday directed the Accountant-General of the Federation, Mr. Ahmed Idris, to furnish it with details of all revenue generating agencies in the current fiscal year.

The Chairman, Senate Committee on Finance, Mr. John Enoh (PDP-Cross River), gave the directive when he led members of the committee on oversight visit to the Accountant-General’s office in Abuja.

Okon said that it was necessary for the committee to be availed with information on the performance of revenue generation by agencies of government in 2016.

He said that a provision of N1.5tn was made for revenue generation by the agencies in the budget.



He added that the committee was interested in not only knowing but having submissions on performances of the agencies because the 2017 Budget would be presented soon.

He said, “As a committee, we would like to have the submission of the various revenues by the various revenue generating agencies.

“The projection of independent revenue of government in 2016 budget is N1.5tn.

“This committee is interested in knowing the actual performance of that class of revenue stream because going into 2017, the performance has the greatest impact on whether the budget is going to perform or not.

“When you project N1.5tn for a class of revenue, and after about 10 months, you have not even made N500bn, then you can be sure of how to tackle the incoming projection.

“We will also like to know what this revenue stream has been able to do because we also know the projection that has been given for 2017.

“It is going to be a little bit difficult for the committee to be able to look at this without having to have benefit of what performance that particular revenue stream has been able to do.”

Responding, the Accountant General said he would not only provide the details of what the committee required but would establish a constant liaison with the National Assembly for adequate sharing of information.

He said, “In terms of actual figures, it is part of what we are going to give you monthly.

“In fact, let me inform this committee that we want to establish a constant liaison where I would delegate an officer to address these demands on monthly basis.

“This, I promise you that we will do and that will bring synergy, collaboration and partnership closer and stronger and I believe a lot of issues will ordinarily be resolved even without having to call us.

“We will be giving you the figures, and we will be transparent.”

Idris disclosed that the introduction of the Integrated Personnel and Payroll System had so far saved for the government N120bn from 453 Ministries, Departments and Agencies.

He said, “There is now a new spirit to ensure that all other major MDAs that largely account for Federal Government huge salary profile are brought on board before end of this year.

“It is expected that a saving of over N100bn addition would be achieved if we are able to bring the agencies on board.”


Credit:Punch
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vanhealn
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Re: Senate demands financial details of revenue-generating agencies

Unread postby vanhealn » Wed Aug 29, 2018 12:13 am

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vanhealn
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Joined: Mon Jul 30, 2018 1:42 pm

Re: Senate demands financial details of revenue-generating agencies

Unread postby vanhealn » Fri Sep 07, 2018 5:52 am

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vanhealn
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Re: Senate demands financial details of revenue-generating agencies

Unread postby vanhealn » Sun Dec 02, 2018 9:41 am

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