Remitting surplus: FG to publish erring agencies

The Minister of Finance, Mrs. Kemi Adeosun has said the ministry will soon commence publishing the names of government agencies that fail to remit surplus revenues to government as at when due.

While delivering her address at a one-day workshop on “Compliance with Fiscal Responsibility Act 2007 (As Amended) and Presidential Executive Order No.002 of 18th May, 2017 held at the Federal Ministry of Finance Auditorium on Tuesday for heads of Public Revenue Generating Agencies (PRGA). the Minister warned agency heads that under the President Muhammadu Buhariled administration, ‘Every Naira Counts’ and that “whether funds were generated from oil or from fees” the same standard of accountability for public money would apply.

A statement from the Deputy Director, Press, of the Ministry, Deworitshe Patricia said the Minister reminded Agencies that a circular had been issued which restricted allowable expenses in line with reforms occurring across Government businesses. She further informed agencies that compliance checks would be undertaken regularly to ensure that all agencies adhere to the new requirements.

She also commended a number of agencies that have improved considerably in their revenue remittance to the Consolidated Revenue Fund (CRF), these include the Joint Admission and Matriculation Board (JAMB) which had remitted over N5bn and the Nigerian Maritime Administration and Safety Agency (NIMASA) which has significantly improved its remittances:

She has urged Government Agencies to recognize the current financial priorities of the nation and therefore cut their costs, eliminate wastages and block revenue leakages.