Senate President Ahmad Lawan, yesterday said that revenue-generating agencies are obliged to remit N1trillion yearly to enable the Federal Government fund its budget.
National Assembly would henceforth mount more pressure on revenue-generating agencies to ensure that they remit N1trillion yearly to enable the Federal Government fund its budget.
Lawan who stated this after the chamber approved President Muhammadu Buhari’s request to revise the 2022-2024 fiscal framework, added that the National Assembly would henceforth mount more pressure on these agencies.
Lawan said: “I’m sure that those MDAs that remitted N400 billion could possibly have remitted N1trn, if we had pushed harder.
”So, we need to push harder because what this means is a revelation, that many of these MDAs have been cornering funds that ordinarily should have gone to the treasury.
“But we must insist that it goes beyond the N400 billion. I’m sure we can get even more than N1 trillion.”
”But we can only achieve that if the Executive and Legislature work hard to ensure that the revenue generating and collecting agencies perform their jobs very well and remit the funds to the treasury.”
