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FG Holds Stakeholders Engagement on Implementation of Revenue Assurance and Disbursement Solution

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Joel Ajayi

 In its avowed determination to ensure enhanced financial transparency,  accountability, and prudent revenue management, the Federal Government has conveyed a stakeholder engagement meeting in Abuja chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun on the Implementation of Revenue Assurance and Central Disbursement Solutions for Federal Government Ministries, Departments and Agencies (MDAS) as well as FG-Owned Enterprises.


The deployment of a central revenue system is designed to enhance financial transparency and accountability concerning direct payments to beneficiaries and the direct deduction of what is due to the Federal Government.


Once implemented, the Government Integrated Financial Management Information System (GIFMIS) and non-GIFMIS platforms will monitor revenue generation and provide a consolidated dashboard of the revenue situation for all Federal Government-owned enterprises.


Key stakeholders, including the SA to the President on Energy, the SA to the President on ICT, the Central Bank of Nigeria (CBN), the Office of the Accountant General of the Federation (OAGF), and the Nigeria Inter-Bank Settlement System (NIBSS) participated in the meeting.

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Nigeria, Afreximbank Strengthen Ties To Boost Economic Growth, Financial Integration

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Joel Ajayi 


On the sidelines of the 6th AU Mid-Year Coordination Meeting of the African Union, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun held bilateral talks with Dr. Benedict Okey Oramah, President of Afreximbank. 


The meeting, which was held in Accra, Ghana weekend, reinforced the strong partnership between Afreximbank and the Federal Government of Nigeria, with a focus on driving economic growth and financial integration across Africa.


During the meeting, HM Edun acknowledged the fiscal policy measures implemented by the President Bola Ahmed Tinubu-led  Administration, which has significantly improved Nigeria’s revenue position. 


He emphasized the critical need for comprehensive financial integration across Africa to drive intra-continental trade, investment, and development.


On his part, Professor Oramah reaffirmed Afreximbank’s unwavering commitment to supporting President Tinubu’s developmental objectives for economic growth.


 The bilateral talks underscored the importance of collaboration between Nigeria and Afreximbank in achieving shared economic goals.

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