Tinubu tasks FRC on prompt remittance of revenues by MDAs

The federal government has called on the Fiscal Responsibility Commission (FRC), to ensure prompt remittance of revenues to the consolidated revenue fund (CRF) by all Ministries, Departments and Agencies (MDAs).
Zacchaeus Adedeji, special adviser on revenue to President Bola Tinubu, made the call during a visit to the chairman, FRC, Victor Muruako, on Saturday in Abuja.
Mr Adedeji said that the call was in line with Mr Tinubu’s quest to improve the revenue generation architecture of the country.
He said that the current administration was determined to ensure all revenues of the federal government were properly articulated and remitted timely into the CRF.
He stressed the need for inter-agency co-operation amongst all government-owned enterprises to ensure optimal results in revenue remittance.
The special adviser said that the Tinubu-led administration would continue to take proactive measures in ensuring that basic revenue framework of the government was adequately secured.
In his response, Mr Muruako said that the commission had, over the years, developed a culture of blocking all leakages of revenue due to the federal government.
While congratulating Mr Adedeji on his appointment, the chairman assured him of the full co-operation and maximum support of staff and management of the FRC.
The federal government had in 2022 directed the FRC to ensure 100 per cent remittance of revenue generated by fully funded agencies, departments, and commissions into the CRF.
Mr Muruako told journalists, on the sideline of the visit, that the commission was doing its best, noting, however, that task was not easy.
He said that although the commission has recorded significant improvements in compliance to the directive, much still needs to be done to improve.
“We were able to improve the nation’s independent revenue as a commission, but it was not easy getting agencies and government-owned enterprises to remit all revenues due to the government.
“In line with the Fiscal Responsibility Act, MDAs are expected to ordinarily remit their internal and independent revenues to the CRF.
“However, we are in a situation where some of the MDAs are not complying and we have to keep urging them,” he said.
He commended the Senate committee of finance and House of Representative committee on finance, for assisting the commission to improve the remittance of revenue generation to the CRF.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
Residents stranded as flood takes over major streets in Ondo
Peoples Gazette reports that the flood prevented many residents from having access to roads leading to their houses.

States
JTF hands over suspected oil thieves to NSCDC in Delta
“For those who decide to do it illegally, the JTF SS OPDS will stop at nothing to see to their total destruction,” Mr Kabara said.

Education
WAEC calls for support, trust from stakeholders following Mmesoma’s UTME scandal
Mr Areghan said there was the need for Nigerians to believe in the abilities of the examination bodies in the country.

Education
Anambra govt. shuts school over flogging of two-year-old pupil
According to her, failure to appear before the committee would attract arrest and prosecution.

NationWide
After ignoring Amosun’s 1,000 AK-47 rifles, four million bullets, SSS charges Emefiele over one handgun found in Lagos home
A July 13 information accused the former CBN chief of owning an unlicensed gun and bullets in violation of the 2004 Firearms Act — a criminal statute that carries a jail sentence.

NationWide
Tinubu tells African leaders to respect democracy
The President urged African military institutions and states to recognise and respect the need for democratic renewal.