By Tony Obiechina Abuja
The Office of the Accountant General of the Federation (OAGF) has expressed willingness in tackling the shortfall of revenue confronting the nation’s economy by introducing aggressive revenue drives.
This move resulted in the improved funding of the personnel Cost, Overhead and Capital in 2024.
The Accountant General of the Federation, Dr. Mrs Oluwatoyin Madein stated this while playing host to House of Representatives Committee on Public Account in her office Abuja during their Oversight Visit to the Treasury House on Wednesday.
In a statement by OAGF Director of Press , Mr Bawa Mokwa, on Friday, Madein revealed that since her assumption in May 2023, the FGN Consolidated Financial Statement has been prepared and Audited up to 31st December 2019, in collaboration with the Auditor-General of the Federation, adding that “we have prepared and Audited 2020 2021 CFS while 2022 is ongoing”.
“It would have been completed but for problems we have regarding the reconciliation of Bank Statement for the Consolidated Revenue Fund with the Central Bank of Nigeria ” Madein added.
The AGF revealed that OAGF has proposed some enhancements to GIFMIS and IPPIS that will be more robust with the support and cooperation of National Assembly
In his response the House Committee Chairman on Public Accounts Hon.Bamidele Salam urged the AGF to submit the 2022 Consolidated Financial Statement of the Federation as provided in the 1999 Constitution.
Salam stated that from the submission of Accountant General of the Federation on the low revenue remittance by many Government -Owned Enterprises suggested that there was a need to stricker measures to block Revenue leakages through automation of processes and regular audit.
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