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Home Government Finance: FG Plans 85% Revenue Rise
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Finance: FG Plans 85% Revenue Rise

By
Victoria Agab-attah
-
August 27, 2019

Finance: FG Plans 85% Revenue Rise

The Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed has expressed Government’s readiness to move the nation’s revenue performance significantly from the 55 percent achieved in 2018 to about 85 percent in the next four years.

The Minister made this declaration at her maiden meeting with the Honourable Minister of State Budget and National Planning, Directors General of Parastatals, and management Staff of the Ministry in Abuja.

Mrs. Ahmed stated that the Economic Recovery Growth Plan (ERGP) developed by the Ministry, ushered the Country out of recession and launched the country on the path of economic recovery.

She praised the implementation of the ERGP, describing it as “exemplary” and an amalgamation of the Vision 2020, Sustainable Development Goals (SDGs) and sector plans.

Read Also:

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According to Mrs. Zainab Ahmed, “we have to start a new long term plan as both the ERGP and Vision 2020 would soon end in the year 2020. The Medium Term Expenditure Framework (MTEF) is expected to be forwarded to the National Assembly in the next two weeks and the Budget by the end of September”.

Speaking earlier, The Honourable Minister of State, Prince Clem Agba reiterated the need for team work and pledged the commitment and support of the staff in delivering the mandate of the Ministry.

He underscored the need to strengthen Monitoring and Evaluation, stating that the Ministry would soon commence thes process of developing a long term strategic plan for the country.

In his opening remarks, the Permanent Secretary of the Ministry, Mr Ernest Umakhihe lauded the immeasurable contributions of the Minister of MFBNP on the success of the ERGP and commended Mr. President for merging the two Ministries, describing it as a welcome development.

Victoria Agab-Attah

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FG, States, LGs Share N2.225trn Revenue for August – FAACICPC Secures Six-Year Jail Term for Sokoto River Basin DirectorNAHCON Boss Meets Katsina Governor, Pushes for Early 2026 Hajj Payments, Promises Easier ExerciseKaduna Police Arrest Two Suspects Over Illegal Possession of FirearmsTinubu Lifts State of Emergency in Rivers, Reinstates Fubara, LegislatorsBadaru Joins Global Leaders at Beijing Forum on Peace, SecuritySaudi Frees Nigerian Pilgrims Framed by Drug SyndicateTroops Ambush Bandits in Plateau, Neutralise One MURIC to Alaafin: No Law Grants You Power to Appoint Chief Imam of OyoRenewed Hope Agenda: Group Passes Vote Of Confidence On Tinubu’s Minister, Imaan Sulaiman-IbrahimNigeria Fights Back Against Banditry and Insecurity By Senator IroegbuNigeria Fights Back Against Banditry and InsecurityNavy Retrains Personnel on Weapon Handling to Boost Operational EfficiencyFirefighters Rescue Nine Victims from Burning 6-Storey Building in LagosPolice Arrest Seven over Death of IBB University Student, Nab Four Robbery Suspects in Suleja
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