馃嚦馃嚞NigeriaWest Africa
Federal Government engages banks on digital revenue platform to boost transparency
via Punch Nigeria4 min read
The Federal Government is enhancing revenue collection and reducing leakages by engaging the banking sector on the Revenue Optimisation Assurance Platform RevOp. This digital system aims to improve transparency and accountability in public finance management. Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, represented by Permanent Secretary, Special Duties, Mohammed Danjuma, stated at a workshop in Abuja that RevOp modernizes revenue collection across government agencies by providing a centralized digital platform for generating, collecting, monitoring, and reporting revenues in real time. This initiative replaces fragmented manual processes that have hindered efficient revenue administration. Despite progress, operational challenges persist, particularly among banks and frontline personnel who process payments, as some banking officers do not fully understand the platform. The Accountant-General of the Federation, Oluwatoyin Madein, represented by her Chief of Staff, Felix Ogundairo, noted that RevOp provides greater visibility into government revenues, improves compliance, eliminates leakages, and supports data-driven decision-making. Adebayo Adewale, Director of Revenue and Investment at the Office of the Accountant-General of the Federation, disclosed that over 70 percent of federal government-owned entities are already integrated into the platform. Idris Dosunmu, Product Manager of RevOp, explained that the platform integrates billing, pa
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President Bola Tinubu has praised the Minister of the Federal Capital Territory, Nyesom Wike, for his performance in driving infrastructure development across Abuja. During the inauguration of Collector Road CN2, also known as Emmanuel Okanla Boulevard, and other road projects in the Katampe District, President Tinubu, represented by Vice President Kashim Shettima, stated that Wike had met expectations since his appointment. The President highlighted Wike's work in transforming roads, delivering water projects, and judicial quarters, noting that he provides results without excuses. Tinubu described the new road as evidence of his administration's commitment to visible development and mentioned the installation of solar-powered street lights, which have improved security and revived economic activities at night. Minister Wike explained that the Katampe road project addressed a missing link in the district's transportation network and has attracted investments and stimulated real estate development. He emphasized infrastructure's role in economic growth and employment, noting benefits for thousands of residents and efforts to extend development to rural communities. Wike also announced the upcoming commissioning of a water supply scheme in Karu. The Minister of State for the FCT, Dr. Mariya Mahmoud, stated that the project aligns with Tinubu's vision for economic growth and improved living standards. Richard Dauda, Acting Executive Secretary of the Federal Capital Development A
Must ReadA commission of inquiry established by the Benue State Government to investigate the state's income and expenditure from 2015 to 2023 has identified N139.8 billion in unaccounted public funds. Justice Jubril Idrisu retd, Chairman of the Benue State Income and Expenditure Commission of Inquiry, presented the commission's report to Governor Hyacinth Alia. The findings indicate that the state generated over N826.5 billion in revenue, with expenditures around N683.4 billion, leaving an approximate N139.8 billion balance unaccounted for. The commission recommended recovering these funds from responsible individuals. The panel also found questionable loan transactions with financial institutions and local government councils, where repayments exceeded original loan amounts without proper documentation. Irregular transfers of public funds to certain financial institutions lacking sufficient records were also identified. The commission stressed the need for stronger financial controls, including proper authorization for online transactions and ending the practice of issuing blank pre-signed mandates. Governor Alia, represented by his deputy Dr. Sam Ode, received the report and reaffirmed his administration's commitment to transparency and accountability, expressing confidence that the recommendations would strengthen institutions and curb the misuse of public resources.
Alhaji Azeez Oladeji, known as Love Azeez, a veteran Fuji musician and pioneer of the genre, has been buried in Lagos following his death. The Fuji Musicians Association of Nigeria FUMAN announced his passing, describing him as a revered icon whose contributions to Fuji music spanned decades. His burial took place on Thursday in Ojodu-Berger, Lagos State, according to Islamic rites after Zuhr prayers, with family, friends, colleagues, and members of the Fuji music community in attendance. Dignitaries included former Chairman of the Copyright Society of Nigeria, Tony Okoroji, and FUMAN Vice President, Alhaji Musibau Alani. Love Azeez previously served as President of the Performing Musicians Association of Nigeria in 1989 and later chaired the Copyright Society of Nigeria. FUMAN President, Alhaji Sikiru Agboola Ayinde, expressed that his death is an irreparable loss to the Fuji music industry, and his legacy will remain etched in history.