Federal Government Owned Enterprises

In a bid to cushion the effect of continued dwindling oil revenue, the Federal government says it is putting in place an Integrated Revenue Monitoring System in place to help the monitoring of the revenues of the Federal Government Owned Entities (FGOEs) online real-time to improve transparency and accountability. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said this at the orientation program for Directors of Revenue Tuesday in Abuja. She said the federal government is putting robust policies in place to maximize its non-oil revenue as it is increasingly concerned with the dwindling profile of Revenue, a trend she said has to be quickly arrested particularly with Key revenue generating agencies of the Government. The minister noted that with revenue dwindling...