The House of Representatives has expressed displeasure over
the way some government agencies conceal their revenues, thereby denying the
Federal Government the fund for budgeting.
The House criticises the way the country resorts to
borrowing N5.62 trillion to finance deficit in the 2022 budget, while these
agencies starve the government of fund.
Chairman, House Committee on Finance, James Faleke, made
this known at the ongoing public hearing on the 2022/2024 Medium Term
Expenditure Framework and Fiscal Strategy Paper (FSP) on Thursday in Abuja.
“We are not you happy the way Nigeria is borrowing N5.62
trillion and we have some fund somewhere staying fallow without being used.
“For God sake, let us build this country together for the
sake of all of us,’’ he said.
Faleke said that the major problem facing the country was
revenue generation, adding that the House of Reps would be more interested in
how much government agencies could save.
He said that if the House of Reps discovered that any of the
government agencies’ capital projects were unnecessary, they would be removed
in a bid to get revenue for the country.
The committee also directed the Nigeria Communication
Commission to provide the turnover of amount realised from all network
operators from 2018 to 2020.
Faleke said that this would enable the committee to look at
their records and be able to determine if the revenue proposal for 2022 to 2024
would be good for the country.
Some of the agencies invited for the 2022 to 2024 MTEF and
FSP public hearing are Nigeria Port Authority, Nigeria Communication
Commission, Nigeria Copyright Commission, Nigeria Investment Promotion
Commission.
Others are Nigeria Metrology Agency, Nigeria Postal Service,
Federal Road Safety Corps, Nigeria Export Promotion Council, Nigeria
Communication Satellite Ltd. among others.
Mr Emeka Iseogwu, the General Manager, Finance, who
represented the Director-General of NPA, said that the agency was on course in
terms of revenue generation.
He said that NPA was targeting N338 billion for revenue in
2022.
(NAN)
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