FG Holds Stakeholders Engagement on Implementation of Revenue Assurance & Disbursement Solution
By Goodluck Ikiebe
In its avowed determination to ensure enhanced financial transparency, accountability and prudent revenue management, the Federal Government has convened a stakeholder engagement meeting in Abuja chaired by the Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun on the Implementation of Revenue Assurance and Central Disbursement Solutions for Federal Government Ministries, Departments and Agencies (MDAS) as well as FG-Owned Enterprises.
Finance Ministry’s Spokesman, Mr Mohammed Manga, said in a statement that the deployment of a central revenue system is 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.
According to Manga, “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”.
