• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

FG tasks FRC on prompt remittance of revenues by MDAs

Revenue

The Matters Press by The Matters Press
July 16, 2023
Reading Time: 2 mins read
0
Nigeria’s non-oil revenue grew above target by 15.7%

Abuja, July 16, 2023: The Federal Government has called on the Fiscal Responsibility Commission (FRC), to ensure prompt remittance of revenues to the Consolidated Revenue Fund (CRF) by all Ministries, Departments and Agencies (MDAs).

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Mr Zacchaeus Adedeji, Special Adviser on Revenue to President Bola Tinubu, made the call during a visit to the Chairman, FRC, Mr Victor Muruako, on Saturday in Abuja.

Adedeji said that the call was in line with President Tinubu’s quest to improve the revenue generation architecture of the country.

He said that the current administration was determined to ensure all revenues of the Federal Government were properly articulated and remitted timely into the CRF.

He stressed the need for inter-agency co-operation amongst all government-owned enterprises, to ensure optimal results in revenue remittance.

The special adviser said that the Tinubu-led administration would continue to take proactive measures in ensuring that basic revenue framework of the government was adequately secured.

In his response, Muruako said that the Commission had over the years developed a culture of blocking all leakages of revenue due to the Federal Government.

While congratulating Adedeji on his appointment, the chairman assured him of the full co-operation and maximum support of staff and management of the FRC.

The Federal Government had in 2022 directed the FRC to ensure 100 per cent remittance of revenue generated by fully funded agencies, departments, and commissions into the CRF.

Muruako said on the sideline of the visit, that the Commission was doing its best, noting however, that task was not easy.

He said that although the commission has recorded significant improvements in compliance to the directive, much still needs to be done to improve.

“We were able to improve the nation’s independent revenue as a commission, but it was not easy getting agencies and government-owned enterprises to remit all revenues due to the government.

“In line with the Fiscal Responsibility Act, MDAs are expected to ordinarily remit their internal and independent revenues to the CRF.

“However, we are in a situation where some of the MDAs are not complying and we have to keep urging them,” he said.

He commended the Senate Committee of Finance and House of Representative Committee on Finance, for assisting the commission to improve the remittance of revenue generation to the CRF.

Tags: Revenue
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
$2.7b Ibom Deep Seaport ready soon

Warri pilotage still berthing vessels despite need for reconstruction

Intimidation, cyber-bullying by loan sharks

Loan sharks dangerous to economy – Expert

Recommended Stories

Nigerian Breweries allots 78m shares

Shareholders approve 2.1bn bonus for Nigerian Breweries shareholders

December 11, 2022
NBS reports increase in Inflation

Experts task Nigeria on domestic production, security to curb inflation

June 29, 2023
Corruption caused Nigeria’s poor resource management

Nigeria is investment destination in Africa – Osinbajo

December 7, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us