FG Commends NIMASA for Improved Revenue Performance

minister-of-finance-kemi-adeosunMinister for Finance, Kemi Adeosun
  • FG Commends NIMASA for Improved Revenue Performance

The Federal Government, through the Ministry of Finance and the Office of the Accountant-General of the Federation, has commended the Nigerian Maritime Administration and Safety Agency for its revenue performance in the past one year.

The Minister of Finance, Mrs. Kemi Adeosun, who disclosed this at a workshop in Abuja on compliance with the Fiscal Responsibility Act, noted that poor revenue performance by Ministries Departments and Agencies of government was hampering the 2017 budget implementation.

She singled out NIMASA as one of the agencies doing well in terms of revenue generation and remittances to the Federal Government’s Treasury Single Account.

This is coming on the heels of the commendation by President Muhammadu Buhari and the Vice President Yemi Osinbajo, who at various times commended the Dr. Dakuku Peterside-led management of NIMASA for their ingenuity in managing the affairs of the maritime regulatory agency and increasing its contributions to the Consolidated Revenue Fund even at a time of economic recession.

Adeosun noted that despite the dwindling revenue of the various government agencies, the current management of NIMASA had brought down significantly the cost of doing business and the agency was still able to generate more money by half year than it did in the two preceding years.

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Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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