Osinbajo Wants FG, States, LGs to Adhere To Fiscal Discipline, Enhance Revenue Generation

Acting President, Yemi Osinbajo [Photo Credit: The Nation]
Acting President, Yemi Osinbajo [Photo Credit: The Nation]

The Vice President, Yemi Osinbajo, has urged the three tiers of government to ensure adherence to fiscal discipline, enhance revenue generation, and rational allocation.

He also called on them to be conscious of the efficient use of resources for Nigeria to achieve sustainable growth.

Mr. Osinbajo gave the advice at the opening of a three-day workshop organised by the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC).

The theme of the workshop is “Alternative Sources of Revenue Generation for Sustainable Development in States and Local Government Councils in Nigeria.’’

Osinbajo, represented by the Minister of Finance, Kemi Adeosun, described the workshop event as timely, adding that it came at a time the present administration was working hard to re-position Nigeria’s economy after a period of declining revenue.

“The recently announced exit from recession is simply one of the stages in the development of this economy and the growth of this economy for future generation.

“We are determined to build an economy that works for all Nigerians; not just for the rich, not just for when oil prices are high, but also for everybody for the long term.

“This commitment is critical and the engines for this commitment are the state and local government.

“As you know, there are no federal people, everybody lives in a state or local government.

‘’For this economy to grow in the way it was intended, every state, every local government must be fiscally sustainable and must be able to meet its obligation.

“The obligation of state and local governments is not just the payment of salaries; they have critical roles in development.

Mr. Osinbajo said that the President Buhari-led administration had been working very hard to ensure that not only could states be able to pay salaries but were also be able to lay the foundation for growth.

He commended RMAFC for the initiative and opportunity to re-emphasis the need to look beyond traditional revenue sources and strive for the viability of each state government.

Mr. Osinbajo advised all states to develop their own sources of Internally Generated Revenue (IGR) while commending those that had started doing that.

According to him, one of the biggest ingredients to getting revenue for states and local governments is accountability.

“People would support government when they can see what is happening to the money; it is important that we approach transparency.

“This is not a time for us to relax, this is a time for us to double our efforts, we deserve a better Nigeria, the future generation of Nigerians are looking up to us,’’ he said.

The vice-president urged participants to engage actively in the workshop and create implementable plans with specific timelines on how to increase public revenues, sustainable within participating states and local governments.

Earlier, the Acting Chairman, RMAFC, Shettima Abba-Gana, said the various economic programmes of the present government had helped in getting the country out of recession.

According to him, new additional sources of revenue are being studied, adding that the commission is designing ways of generating and collecting these revenues for the benefit of the states and local governments.

He expressed optimism that the over dependence on statutory transfers of funds from the federation account for governance by the states and local governments would soon begin to reduce.

Mr. Abba-Gana said that the workshop would avail the participants with various untapped revenue sources and would introduce them to modern revenue collection techniques.

“The workshop is geared to among others, achieve the burdens of taxation in the development of states and local governments and strategies in generating revenue in solid mineral sector.

“It will help in improving agricultural activities in states and local governments, to enhance revenue generation and encourage PPP to improve economic activity to generate more revenue

“It will also help to reduce cost of governance in Nigeria in order to save more funds,’’ he said.

The acting chairman expressed optimism that the programme would address and proffer solutions to the most crucial challenges in revenue generation and collection.

(NAN)


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  • thusspokez

    The Vice President, Yemi Osinbajo, has urged the three tiers of government to ensure adherence to fiscal discipline, enhance revenue generation, and rational allocation.

    One thing which all Nigerian Federal Governments (FG) have consistently failed to do is to take the propaganda battle to the state governments (SG) and local governments(LG).

    For too long, SG and LG have consistently and successfully persuaded their gullible constituencies that the FG is to blame for the lack of developments in their states even as their politicians waste fund and loot their respective state treasuries.

    It is therefore overdue for the FG to turn the tables on these mediocre and thieving governors and LG chairpersons. Indeed what the FG needs is another ‘Itse Sagay’ to keep highlighting the level of maladministration, corruption and wastefulness of public funds that continues to go on in their SG and LG. And the FG must remain on the relentless attacks until these crooked governors and LG chairpersons start being accountable to their constituencies.

    • Sam

      Very correct,

    • PolyGon2013

      Agreed.

  • Frank Bassey

    “The Vice President, Yemi Osinbajo, has urged the three tiers of
    government to ensure adherence to fiscal discipline, enhance revenue
    generation, and rational allocation.”
    BIG, BIG, GRAMMAR. FISCAL DISCIPLINE WHEN FREE, CHEAP OIL MONEY IS FLOWING? Balderdash!

    • thusspokez

      At a personal level, what he is saying is that on Fridays when you collect your pay, don’t go to a beer/prostitute joint and spend it all at once. What is wrong with this advice?

      • Frank Bassey

        You don’t have something in mind and be writing something different. Did you read and understand the post? He “urged the three tiers of government” to be frugal in their management of public fund. That is what it is, not one man marrying four wives and producing 30 children he cannot maintain. State and Local Governments are sharing centres; they do not produce; they only consume. If you come from, or live in a Local Government, ask yourself what value the LG council has added to governance in the past one year?

  • emmanuel

    This is sheer hypocrisy for two members of the economic team, who have no understanding of what fiscal policies are or macro-economy is.
    They transpose micro economic programmes to mean macro.
    Kemi is only good at sharing monies from the Federation Account. She and her Economic team leader said announcing that Nigeria is out of recession is the first step to economic growth.
    I beg make somebody ask them wether propagandist announcement is same as Nigeria being out of recession?
    We all knom that the announcement is a political gimmick to make inept Buhari seen to be actualising something since he came back.
    I recall how Kemi said recession was only a word after the official announcement of Nigeria slippin into recession. Therefore, by the stroke of her word, Nigeria too is out of recession, through her rumour economics – beer parlour gist