Connect with us

News

Security Challenges Causing Increase In Government Expenditure – Acting AGF

Published

on

The acting Accountant General of the Federation, Chukwuyere Anamekwe, has called for support in curbing government expenditure which he said has drastically increased due to the rising security challenges in the country.

Anamekwe on Tuesday in Abuja, lamented that Nigeria’s revenue is under attack.

He said this at the retreat for members of the Technical Sub-Committee on Cash Management organised by the Office of the Accountant General of the Federation.

He said the attack on government revenue is due to “an increase in government expenditure due to increasing security challenges and social needs of the citizenry”.

The acting AGF said for an articulated deployment of fiscal discipline and strategies to will help assuage the challenges.

He said, “Now that these challenges stare us in the face, you are all expected at this gathering to come out with ideas that will push us through”.

READ ALSO: ASUU Negotiation With Fed. Govt Continues As Strike Lingers

He urged public sector cash managers to identify the challenges to revenue generation and other means of enhancing inflow into Federal Government coffers; ensure the cutting down the cost of governance in the most acceptable way. He however warned that “there must be a limit to cost cutting”.

He also told cash managers to ensure synergy amongst and within stakeholders in the sub- committee as well as ensuring that the sub-committee gives quality and profitable advice to the Federal Cash Management Committee.

Representative of the Central Bank of Nigeria Governor, Hussaini Kagara, of the Banking Services Department told participants to take advantage of the papers that would be presented to “know how we can maximize our revenue base”.

He urged the participants to come up with “ways to block loopholes and ideas to deal with the revenue issues affecting the Nigerian economy”.

According to him, “I urge you to come up with suggestions that can help government manage expenditures”.

Facebook Comments

Copyright © 2021 AN24.net