Given the increasing needs of the country, Secretary to the Government of the Federation (SGF) Boss Mustapha has sought the amendment of the enabling acts of state-owned enterprises (SOES) to reflect the current realities in the country.
The current realities in federal government circle is improved revenue drive and also the remittances of operational surpluses.
The SGF spoke at a Retreat for Chief Executives and Treasury Directors of Revenue of the Federal Government Owned Enterprises (FGOES), held in Abuja.
The SGF, represented by Maurice Nnamdi Mbaeri, the Permanent Secretary, General Services Office (OSGF), stressed the need “for strong corporate governance reform, expenditure controls and strengthening the budgetary and financial reporting requirements of the FGOEs”.
Speaking also, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said domestic revenue mobilization is strategically pivotal to sustainably finance Nigeria’s development needs.
The Minister, who in 2020 approved the deployment of Treasury Revenue Directors to ten FGOEs, advised the Treasury Directors of Revenue and the FGOEs to work together to achieve the desired objective.
Also speaking, the Accountant General of the Federation, Ahmed Idris, said the deployment of Treasury Directors of Revenue to FGOEs impacted positively on IGR as it rose from N532.90 billion in 2020 to N1.250 trillion in 2021.
Idris expressed optimism that there will be a greater improvement in government revenue inflows if the policy is sustained.
Comments are closed.