NewsExpress advert FCMB banner
Finance Minister restates FG’s commitment to discipline, accountability in spending public funds

By News Express on 15/07/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,078

The Federal Government said it would continue to ensure discipline and accountability in the spending of public funds.

The Minister of Finance, Mrs Kemi Adeosun, made the remark at a two-day retreat on Revenue Generation in Kano on Thursday.

NAN reports that the treat was organised by the Federal Ministry of Finance as part of renewed effort to facilitate increased revenue generation to states and the federal governments.

She said the measure was necessary in order to ensure maximum utilisation of public funds for provision of the much needed infrastructure in the country.

According to her, the government is committed to identifying all sources of revenue in view of the dwindling oil revenue.

The Minister said the country could not continue to operate as an old economy in view of the daunting economic challenges bedevilling the country.

“Oil must be down played in the economy of Nigeria and must also be down played in the revenue of Nigeria.

“Nigeria must look inward to improve its revenue base. We must give suggestions on the way forward in the interest of the country.”

In his keynote address, the state governor, Dr Abdullahi Ganduje, said the state government had taken measures aimed at improving the revenue base of the state.

He said part of the measures taken included the restructuring of the state internal revenue board with a view to ensuring optimum performance.

According to him, the government had also identified various sources of revenue generation such as tenement rate, land use charges as well as capital gain tax and withholding tax among others.

He also disclosed that the state government had engaged the services of technical consultants to assist it in the collection of the revenue.

“We have also opened a single revenue account where all internally generated revenue accruable to the state are being channelled.”

Earlier in his remark, the Director, Special projects and retreat Coordinator, Mohammed Dikwa, said the retreat was aimed at addressing the challenges in revenue generation in the country following the drastic fall in oil price.

NAN reports that the retreat, which is being attended by revenue officers of various MDAs and other relevant stakeholders, has its theme: Enhancing Revenue Generation for Sustainable National Development. (NAN)

•Photo shows Mrs Adeosun.

Source News Express

Posted 15/07/2016 04:43:10 AM


Share on facebook Yahoo mail icon Gmail icon Share on Google+



REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...


You may also like...
Oil rises as Nigerian pipeline leak overshadows supply...

UNIZIK to set up alumni resource centre

Be wary of fraudsters, corrupt politicians –Lamorde

Monkey Pox scare: Bayelsa suspends all health activities...

Security operatives intercept baby factory syndicate in Plateau...

Ritual killers on the prowl, masquerade as employers...

Abuja bomb blast a declaration of war against...

Legendary singer Natalie Cole dies at 65

NBA Chairman slams Okorocha for destroying Iheanacho’s property...

Naira crashes to all-time low of N436/$ as...

Update: SSS bars Amaechi, Ngige from following El-Rufai...

Patience Jonathan drags EFCC before National Assembly


Latest News BOMBSHELL: Military conniving with killers — TY Danjuma •Tells Nigerians to defend themselves Tension in Dapchi as Boko Haram fails to release abducted Christian girl as promised Dino Melaye dares Police Scientists find miracle gel that kills cancer tumours IGP directs 24-hour surveillance in schools Protesters shut down Abuja Airport road Save Lagos Group demands immediate repeal of Land Use Act, others; cautions police, DSS Sheikh Zakzaky’s health fast deteriorating in custody — Shiites •Alleges denial of medical attention Restructuring: Ohanaeze youths laud Nwodo NUJ expresses concern over attitude of ‘overzealous’ security agents Okowa seeks support for less privileged Usain Bolt scores twice during Borussia Dortmund training session


Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (333,208 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (326,204 views) Shameless Genevieve Nnaji exposes breasts in public (261,623 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (215,069 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (198,575 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (193,099 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (168,317 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (150,981 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (143,618 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (133,902 views) Lagos plane crash: Journalist releases victims’ names (133,144 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (126,344 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (35) Business & Economy (2,984) Business Verdict (36) Columnists (818) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (456) Features (554) Global Business Monitor (241) International (1,865) Interview (147) Live Commentary (28) Love Matters (114) News (33,893) Opinion (898) Pidgin (10) Politics (4,642) Religion (703) Sports (1,459) Stock Watch (28) AMA & Al Jazeera Global Update



NLNG Science and Literature Prize Awards




Football Highlight -- BARCELONA - CHELSEA 3:0


APO Group Partner




REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera