Edun to chair stakeholders engagement on implementation of revenue assurance, disbursement solutions

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun is billed to chair a stakeholders engagement meeting in Abuja on the Implementation of Revenue Assurance and Central Disbursement Solutions for Ministries, Departments and Agencies (MDAS) as well as FG-Owned Enterprises.
A statement by the director, Information and Public Relations Mohammed Manga indicated that the engagement is convened to ensure enhanced financial transparency, accountability, and prudent revenue management.
The engagement according to the statement will dwell on deployment of a central revenue system 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.”