The Accountant General of the Federation, Dr. Oluwatoyin Madein, has unveiled plans by her office to improve federal revenue generation through investment in digitalization process of revenue remittances and receipts issuance.
Madein, who made this disclosure during a meeting with the House of Representatives Committee on Finance, said the Office was ready to collaborate with the Legislature to achieve its mandate
Apparently worried by the leakages in the government’s revenue collection processes, the Committee said it was determined to block revenue leakages in Ministries, Departments and Agencies (MDAs) and ensure adequate funding for government’s programmes and projects.
The Chairman of the Committee, Hon. James Faleke, who expressed the committee’s determination to curb fiscal abuses in the public finance system during an interactive session with stakeholders on Tuesday in Abuja, harped on the need for all African countries to look inward for economic growth and development, given the looming global economic downturn.
The lawmaker said the committee in the efforts to achieve this goal would be guided by the Constitution and the Standing Orders of the House in discharging its duties.
He said: “In addition to our core jurisdictional mandate, we will be addressing the revenue and fiscal aspects of the various Ministries Departments and Agencies (MDAs) through effective oversight and legislation on those fiscal policies that will provide effective revenue generation and economic development.”
