FG’s revenue under threat – Ag AGF
The Acting Accountant General of the Federation (Ag. AGF), Chukwuyere Anamekwe, has raised alarm that the Federal Government’s revenue is under serious attack.
The Ag. AGF made this known in Abuja on Tuesday at a retreat for members of the Technical Sub-Committee on Cash Management organised by the Office of the Accountant General of the Federation (OAGF).
He said the attack on government revenue was due to “an increase in government expenditure due to increasing security challenges and social needs of the citizenry”.
According to Anamekwe, to address these challenges, there should be what he described as “an articulated deployment of fiscal discipline and strategies that will help mitigate these challenges”.
According to him: “Now that these challenges stare us in the face, you are all expected at this gathering to come out with ideas that will push us through”.
He urged public sector cash managers to identify the challenges to revenue generation and other means of enhancing inflow into Federal Government coffers; ensure the cutting down the cost of governance in the most acceptable way.
He however warned that “there must be a limit to cost cutting”.
The Ag. AGF also told cash managers to ensure synergy amongst and within stakeholders in the sub- committee as well as ensuring that the sub-committee gives quality and profitable advice to the Federal Cash Management Committee.