Business
RMAFC Chairman, Champions New Revenue Optimization Initiative in Collaboration with NASDRA
Joel Ajayi
The Chairman, Revenue Mobilization Allocation and Fiscal Commission (RMAFC), Dr. Muhammed Bello Shehu, OFR, has reaffirmed the Commission’s commitment to modernizing Nigeria’s revenue generation in collaboration with the National Space Research and Development Agency (NASDRA) and other key stakeholders.
The Chairman made this reaffirmation on
Thursday, at the Commission’s Headquarter in Abuja, during the launching of the implementation of the Presidential initiative on revenue optimisation and digitalisation via space technology.
The Chairman recalled that during his inaugural speech, His Excellency, President Bola Ahmed Tinubu, GCFR, emphasized the importance of economic recovery through enhanced revenue generation, which can primarily be achieved through the discovery of new revenue streams.
He emphasized that the Renewed Hope Agenda of this Administration can only be realized through the implementation of efficient revenue generation methods, with the creation of new revenue streams through the use of modern technology.
Dr. M.B. Shehu, OFR said, “We stand at the threshold of a new era, where innovation, creativity and collaboration drive economic growth and progress. It is indeed not an overstatement to say that the traditional sources and methods of revenue generation, apart from the fact that they are no more in vogue, are, most importantly, not sufficient to meet the evolving needs of our great Nation. Therefore, as key stakeholders, we must think innovatively and collaboratively to unlock new opportunities for economic growth and development in the interest of our beloved country.”
Dr. Shehu, therefore, emphasized the need for a strategic, technology-driven approach to revenue mobilization, pointing out that effective collection, accountability, and proper utilization of revenues are essential for national development. He posited that optimizing revenue sources is not just a necessity but a responsibility that must be shared by all stakeholders. “We are at the verge of writing a new chapter in Nigeria’s leadership. The collective determination of stakeholders here today is key to optimizing revenue collection and utilization. This is a task that must be achieved for our dear country.” He said.
The Director General of NASDRA, Dr. Matthew Olumide Adepoju, highlighted the potentials of space technology in revenue mobilization, noting that with AI, robotics, and space innovation, Nigeria can generate up to $50 billion annually while also strengthening national security.
Earlier in his Welcome Address, the federal commissioner representing Bauchi State in the Commission and Ag. Chairman of the Mobilization and Diversification Committee, Engr. Muhammed Sani Baba acknowledged the importance of the initiative and called for the support of all stakeholders to ensure its successful implementation.
He disclosed that the occasion was organised as a step towards the implementation of the directive of Mr President that the generation, collection and subsequent utilization of revenue should be modernized for the growth of the country and its exciting future.
A technical session featured a NASDRA-led presentation on leveraging space science and technology to block revenue leakages and create new revenue streams.
Business
Chartered Institute of Purchasing and Supply Management Advocates Digitisation of Procurement Processes, Rolls Out New Website
By Joel Ajayi
The Chartered Institute of Purchasing and Supply Management of Nigeria (CIPSMN) has unveiled a revamped website as part of its broader push to accelerate the digitisation of procurement processes across the country.
The relaunch was announced at the institute’s 16th Annual General Meeting (AGM) held on Wednesday in Abuja, where the North Central Coordinator of CIPSMN, Abdul Mamman, said the initiative would strengthen real-time information sharing, expand member participation and align the profession with global best practices.
Mamman warned that organisations and professionals who failed to embrace digital procurement risked being left behind in an increasingly technology-driven environment.
According to him, the upgraded website is designed to provide members with timely feedback, wider engagement and access to real-time information within and outside Nigeria.
“By adopting digital procurement systems and platforms, we create opportunities to save time and efficiently analyse large volumes of activities involved in procurement,” Mamman said.
“When you are digitalised, your coverage is wider and information is shared instantly. That is why we are relaunching our website—to ensure broader participation and enable every member to access real-time information.”
He added that the institute was positioning its members to meet global standards in procurement and supply chain management through the adoption of emerging technologies such as blockchain, artificial intelligence and data analytics.
Mamman explained that the institute’s objective was to add value to procurement by promoting proper sourcing systems, relevant skills, recognised credentials and practical competence.
He also called on the Federal Government to strengthen procurement governance by inaugurating the National Council of Public Procurement, describing it as a critical policy-making body.
“We are appealing to President Bola Tinubu to inaugurate the National Council of Public Procurement,” he said.
“Once inaugurated, the council will oversee procurement activities and report directly to the President, ensuring greater transparency and accountability.”
In his remarks, the President of CIPSMN, Alhaji Sikiru Balogun, said the AGM provided an opportunity to assess the institute’s progress and outline an action plan for 2026.
Balogun disclosed that a major priority for the coming year was securing presidential assent to a bill already passed by the National Assembly, seeking to amend the institute’s name from Purchasing and Supply Management to Procurement and Supply Management.
“The bill has been passed by both the House of Representatives and the Senate. What we now seek is presidential assent,” he said.
“The name change is to align the institute with global best practices and reflect the true scope of the profession worldwide.”
Also speaking, the Registrar of the institute, Alhaji Mohammed Aliyu, described the 2025 AGM as successful, noting growing recognition of procurement as a critical driver of economic development.
Aliyu said the institute remained committed to promoting professionalism, ethical conduct and best practices in procurement, a sector he noted accounts for a significant portion of the national budget.
He called for stricter professionalism in the sector, lamenting what he described as the encroachment of unqualified “mid-career professionals” into procurement roles.
“This is not ideal and is unethical,” he said.
“Our focus in the coming year is to ensure that the profession takes its rightful place, with qualified practitioners occupying procurement positions in both the public and private sectors.”
Aliyu expressed confidence that strengthening professionalism in procurement would support the economic reform agenda of the Tinubu administration and enhance transparency and efficiency in public spending.
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