The Accountant General of the Federation, Dr. Oluwatoyin Sakirat Madein, has expressed willingness to tackle the shortfall of revenue confronting the nation ‘s economy by the introduction of Aggressive Revenue drives which has resulted in the improved funding of the personnel cost, overhead and capital in 2024.
She stated this while playing host with the House of Representatives Committee on Public Account in her office Abuja during their oversight visit to the Treasury House on January 8, 2024.
Bawa Mokwa, the Director of Press in the OAGF, said in a press release that Madein revealed that since her resumption in May 2023, the FGN Consolidated Financial Statement has been prepared and Audited up to 31st December 2019.
She said: “In collaboration with the Auditor-General of the Federation, 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,” she 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 the National Assembly
In his response, the Chairman, House Committee 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 the submission of the AGF on the low revenue remittance by many government-owned enterprises suggested that there was a need to take stricker measures to block revenue leakages through automation of processes and regular audit.
