The National Assembly yesterday lamented the poor remittances of revenues generated in 2024 by ministries, departments and agencies of the federal government (MDAs) and some government-owned enterprises (GOEs) to the Federation Account.
The Chairman, Joint Senate and House of Representatives Committees on Finance, Sani Musa, expressed the concern at an interactive session on the MDAs’ revenue projections for 2025.
The federal agencies and ministries whose accounting officers and Chief executive officers attended the meeting were the Nigeria Customs Service (NCS), Federal Road Safety Commission (FRSC) and Joint Admissions and Matriculation Board (JAMB).
They also included the Nigeria Immigration Service (NIS), Nigeria Communications Commission (NCC), and the Fiscal Responsibility Commission (FRC).
Sani said the National Assembly was not satisfied with the widening disparity between the substantial revenue accruals to the MDAs and their consistently low remittances to the federation account.
Nigerian energy sector will witness significant developments in the first quarter (Q1) of 2025, a new report by the Society of Energy Editors (SEE) has revealed.
