Concerns raised as Nigeria’s revenue-generating agencies appear before lawmakers
Naija News • 1h ago
**Revenue Riddle: Bureaucratic Red Tape or Deliberate Delay?**
In a bid to ensure transparency and accountability, the House of Representatives has begun a series of oversight sessions with key revenue-generating agencies of the federal government. The Committee on Finance, led by James Faleke, is scrutinizing the revenue performance of Ministries, Departments, and Agencies (MDAs) to identify areas for improvement and plug holes in the government's income.
Last Tuesday, the Nigeria Customs Service (NCS), Corporate Affairs Commission (CAC), and Federal Airports Authority of Nigeria (FAAN) faced the committee to explain their revenue collections and address discrepancies in data and projections. The exercise is expected to strengthen internal controls and ensure that government coffers are adequately replenished.
**Revenue Gaps: A Case of Inaction or Inertia?**
Comptroller General Bashir Adeniyi of the NCS revealed that certain revenue-generating measures, worth N3 trillion, had not been implemented due to public complaints. These measures included excise duties on selected products, collection of duties on reusable plastics, and telecom products. He emphasized that the Finance Act, which introduced these measures, remains pending, making it difficult to project revenue from these sources.
When asked about escalating the issue to the President, Mr Adeniyi clarified that it is the responsibility of the NCS to implement these policies. The committee advised him to formally write to the chairman and the NCS leadership on the three pending items.
**Data Deficit: A Challenge to CAC**
In a separate development, the committee suspended the defence of the Corporate Affairs Commission (CAC) after its Registrar-General, Hussaini Magaji, failed to provide essential data on the total number of registered companies in Nigeria. The absence of accurate figures from the CAC's database raised eyebrows among lawmakers, with one committee member describing the performance as unacceptable.
The motion to adjourn the session was unanimously adopted, and the CAC Registrar-General was directed to return next week with detailed and verifiable information on company registrations and the commission's revenue profile.
**A New Era of Accountability?**
The House of Representatives' oversight sessions signal a renewed commitment to transparency and accountability in the management of Nigeria's revenue. By scrutinizing the performance of revenue-generating agencies, the committee aims to plug revenue gaps and strengthen internal controls. As the exercise continues, Nigerians can expect a more accountable and responsive government, one that prioritizes the efficient management