By Sandra Micheals
The House Committee on Finance chaired by Rep. James Faleke has commenced its Revenue Monitoring Exercise covering the 2023–2025 fiscal years.
According to the chairman, there is need to end the incessant external borrowings to fund the Nation’s ministries and Agencies of Government, hence the purpose of monitoring their level of internally generated revenue from 2023–to date.
Earlier in his presentation on the level of the Commission’s 2023 IGR of over eight billion Naira, the Registrar of the Corporate Affairs Commission CAC Husseini Majagi when asked about the figures of registered companies by the committee, noted that an accurate number of businesses registered by his outfit from 2023 to date is currently unavailable.
The Finance Panel however directed the commission to return on a later date with accurate details required to aid its monitoring
Similarly, the committee has instructed the federal airport authority of Nigeria FAAN to re-appear with up to date documents of financial transactions of the Agency since 2023 to date.
This was just as the managing director of the agency Olubunmi Kuku, failed to furnish accurate details on the Revenue Generation of the Agency.
