Buhari approves treasury officers for revenue agencies

President Muhammadu Buhari has approved the posting of treasury
officers from the Office of the Accountant-General of the
Federation to key revenue agencies.

The treasury officers from the OAGF are to serve as directors of
revenue and investment departments in the revenue generating
agencies.

Some of the agencies where they will be posted are the Nigerian
National Petroleum Corporation, Federal Inland Revenue Service,
Nigerian Customs Service, Central Bank of Nigeria, Nigerian Ports
Authority among others.

The Accountant-General of the Federation, Alhaji Idris Ahmed,
confirmed the development during a meeting with the leadership of
the Institute of Chartered Accountants of Nigeria.

He said the posting was borne out of the need to block revenue
leakages in the revenue generating agencies.

He said, “As part of our roles as drivers of the reforms in the
public finance sector and in line with the present government’s
commitment to diversify sources of income, strengthen controls as
well as boost revenue generation of government, the Treasury has
come up with a restructuring of its functions and departments.

“This will ensure that treasury officers are assigned to key
revenue generating agencies, such as NPA, NIMASA, CBN, NNPC, NCS,
NCC and FIRS.

“Government is not unmindful of the level of revenue leakages in
some of these key revenue generating agencies and has come up with
this policy that will ensure that treasury officers take charge of
these revenues so that they can be tracked and accounted for using
ICT tools and automation platforms.

“The government has also approved that the tenure of the heads
of these agencies will be performance based in line with revenue
targets set out for them.”

He, therefore, called on ICAN and other professional accounting
bodies in the country to support government’s efforts by coming up
with strategies for government to generate more revenues.

He also urged ICAN to come up with measures to assist government
in reducing the level of corruption in the public and private
sectors of the economy.

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