States, FG Meet on Revenue Generation

The Minister of Finance, Mrs. Kemi Adeosun, will on Tuesday meet with the commissioners for Finance from the 36 states of the federation on options available to the government to finance developmental projects.

The meeting, to be held in Ogun State under the National Council on Finance and Economic Development, will examine how the government can improve its revenue streams, especially in a period of low earnings from crude oil.

A statement issued on Sunday by the Special Adviser on Media to the Finance Minister, Mr. Festus Akanbi, said the conference with the theme: ‘Enhancing revenue generation and obtaining the best value for money in expenditure’, would also be attended by some governors and other private sector players.

She said the Finance ministry had continued to discharge its numerous functions through well-articulated initiatives and policies.

The policies, she added, had assisted in improving revenue generation, blocking leakages, tackling wastage and obtaining best value for money in government expenditure.

The NACOFED was created as a forum for members to discuss current socio-economic issues and proffer a way forward for the Nigerian economy on fiscal and monetary policies.