FG Holds Stakeholders Engagement on Implementation of Revenue Assurance & Disbursement Solutions.

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By Goodluck Ikiebe .

The Federal Government has conveyed stakeholders’engagement meeting in Abuja, on the Implementation of Revenue Assurance and Central Disbursement Solutions for Federal Government Ministries, Departments and Agencies (MDAS) as well as FG-Owned Enterprises.

The meeting,chaired by the Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun represents
the determination the Tinubu-led administration to ensure enhanced financial transparency, accountability and prudent revenue management.

The Finance Ministry’s Spokesman, Mr Mohammed Manga, said in a statement in Abuja that the deployment of a central revenue system was designed to enhance financial transparency and accountability concerning direct payments to beneficiaries and the direct deduction of what is due to the Federal Government.

“Once implemented, the Government Integrated Financial Management Information System (GIFMIS) and non-GIFMIS platforms will monitor revenue generation and provide a consolidated dashboard of the revenue situation for all Federal Government-owned enterprises”, he stated.

“Key stakeholders, including the SA to the President on Energy, the SA to the President on ICT, the Central Bank of Nigeria (CBN), the Office of the Accountant General of the Federation (OAGF), and the Nigeria Inter-Bank Settlement System (NIBSS) participated in the meeting”,Manga said.

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