The Federal Government got a total revenue inflow of N318.5bn in the first quarter of 2024, the Accountant General of the Federation, Oluwatoyin Madein, disclosed on Wednesday in Abuja.
Madein stated this while briefing members of the House of Representatives Committee on Finance, on the revenue performance of the various agencies of government in the first quarter of 2024.
Represented by the Director, Revenue and Investment in the Office of the Accountant General, Felix Ogundaro, AGF noted that the 2024 fiscal year would be exceptional in terms of revenue generation, owing to the policies of the President Bola Tinubu-led government.
She said, “Reconciliation is still being done but the total revenue inflows to the Federal Government for January to March amounts to N318.5bn as against a total budget of 2.691 tn.
“For the budget, the bottom-up cash planning policy is on course and the 2024 budget is going to be implemented via that policy. Officers have been retained and sensitisation is ongoing to ensure that Ministries, Departments and Agencies are well equipped on the modalities and conditionalities.”
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