{"id":142529,"date":"2022-02-01T06:55:02","date_gmt":"2022-02-01T05:55:02","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=142529"},"modified":"2022-02-01T06:55:02","modified_gmt":"2022-02-01T05:55:02","slug":"government-owned-enterprises-can-generate-n3-trn-revenue-annually-says-lawan","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/02\/01\/government-owned-enterprises-can-generate-n3-trn-revenue-annually-says-lawan\/","title":{"rendered":"Government-owned enterprises can generate N3 trn revenue annually, says Lawan"},"content":{"rendered":"<p>Ahmed Lawan, Nigeria&#8217;s senate president has disclosed that revenue generating agencies of the federal government are capable of generating N3 trillion annually.<\/p>\n<p>This was disclosed on Monday in Abuja by Lawan at an<span data-preserver-spaces=\"true\">\u00a0interactive session on the need to improve internally generated revenue (IGR) of government, as contained in the 2022 appropriation act.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The meeting was between the senate leadership, members of the senate committee on finance and revenue-generating agencies of government.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He assured that the senate would provide the needed support through legislation to ensure that revenue agencies meet and surpass their targets.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cIn 2022, the national assembly assumed and rightly so, that our government-owned enterprises can generate up to N3 trillion if we are of the mindset that we can achieve that and, of course, ensure that we oversight to stall any possibility of unwarranted expenditures by agencies of government,\u201d Lawan said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cBut that does not mean in any way that it is going to be some kind of <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/01\/06\/police-order-investigation-into-death-of-motorcyclist-in-bayelsa\/\">investigation<\/a> on what you do, but an encouragement of what you need to do.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cIn this meeting and subsequent ones, there should be no holds barred on discussions.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWhere an agency feels it is encumbered in any way from achieving its target, it should say so, so that we are able to prescribe the right solutions for it to perform.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cAs a national assembly, let me say that the senate particularly will be strict on generating more and more revenue.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWe will be rigid, we will continue to insist because we believe that this is one sure and guaranteed way of reducing our deficit and borrowing.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He said the senate would ensure that more revenue is remitted to the government\u2019s coffers to enhance the economy and facilitate infrastructure development.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThis committee is modified because the leaders of the senate believe that we can do far better and we have seen signs when last year some of the agencies performed beyond expectation,\u201d he said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cSo, it is an opportunity for us to save and enhance our economy and, of course, make Nigeria achieve more infrastructural development, which is the goal of this administration and every Nigerian.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWe believe that when you (revenue-generating agencies) generate the money, we (national assembly) appropriate it.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cPrudence is of the essence here, when we spend our money. And when we borrow, as the national assembly has always tried to do, we borrow to treat specific projects and programmes of government.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ahmed Lawan, Nigeria&#8217;s senate president has disclosed that revenue generating agencies of the federal government are capable of generating N3 trillion annually. This was disclosed on Monday in Abuja by Lawan at an\u00a0interactive session on the need to improve internally generated revenue (IGR) of government, as contained in the 2022 appropriation act. The meeting was [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":232,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[1048,371,28978,9496],"class_list":["post-142529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-ahmed-lawan","tag-fg","tag-government-owned-institution","tag-igr"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Government-owned enterprises can generate N3 trn revenue annually, says Lawan<\/title>\n<meta name=\"description\" content=\"Ahmed Lawan, Nigeria&#039;s senate president has disclosed that revenue generating agencies of 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