AGF expresses commitment to address shortfall in revenue to fund personnel cost

Following the shortfall in revenue, the Accountant General of the Federation has expressed determination of her office to tackle it by the introduction of aggressive revenue drives.

Dr.Mrs Oluwatoyin Madein stated this while playing host to the Federal House of Representatives Committee on Public Account in her office Abuja during their Oversight Visit to the Treasury House.

The introduction of the Aggressive revenue drive, has resulted in the improved funding of the personnel Cost ,Overhead and Capital in 2024. However, she acknowledged the low revenue remittance by some Government -Owned Enterprises.

Madein further stated that since her resumption in May 2023, the FGN Consolidated Financial Statement has been prepared and Audited up to 31st December 2019, “In collaboration with the Office of the Auditor-General of the Federation. We have prepared and Audited 2020, 2021,while 2022 is ongoing she added.

AGF explained that OAGF has proposed some enhancements to GIFMIS and IPPIS that will be more robust with the support and cooperation of the 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.

On the issue of the low revenue remittance by Government -Owned Enterprises, he suggested that there is need for comprehensive measures to block revenue leakages through automation processes and regular audits.