President Buhari Makes Key Changes To Revenue Generating Ministries, Departments and Agencies

 President Buhari Makes Key Changes To Revenue Generating Ministries, Departments and Agencies

President Muhammadu Buhari has approved the posting of Treasury officers to key Revenue generating Ministries Departments and Agencies (MDAs) of Government, where they will function as Directors of Revenue and Investments Departments.
The Accountant-General of the Federation (AGF), Ahmed Idris, revealed this while hosting the President and Council members of the Institute of Chartered Accountants of Nigeria (ICAN), who were at his office at the Treasury House on a courtesy visit. According to him, the Treasury House was already restructuring its functions and departments, which will ensure that Treasury officers were assigned to various key revenue generating agencies.
The agencies include: the Nigerian Ports Authority (NPA), the Nigerian Maritime Administration and Safety Agency (NIMASA), the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Corporation (NNPC), the Nigeria Customs Service (NCS), the National Communications Commission (NCC), the Federal Inland Revenue Service (FIRS), among others.
Ahmed noted tht part of the roles of Treasury officers, were to be drivers of the reforms in the public finance sector, in line with the current administration’s commitment to diversify sources of income, strengthen controls as well as boost revenue generation of Government.
“Government is not unmindful of the level of revenue leakages in some of these key revenue generating Agencies and has come with this policy that will ensure that Treasury officers take charge of these revenues so that they can be tracked and accounted for using ICT tools and automation platforms. “The government has also approved that the tenure of the Heads of these Agencies will be performance based in line with revenue targets sets out for them,” he said.

Ayomide Oyewole

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.