Accountant-General, Oluwatoyin Madein, says ₦318.5bn was recorded as the revenue inflow to the Federal Government between January and March 2024.

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₦318.5bn Recorded As Revenue Inflow In Q1, Says Accountant-General •  Channels Television

Accountant-General of the Federation, Oluwatoyin Madein, says ₦318.5bn was recorded as the revenue inflow to the Federal Government between January and March 2024.

Madein spoke when she appeared before an interactive session organised by the House of Representatives Committee on Finance.

The accountant-general who was represented by the director of revenue expenses, Felix Ogundayero, said the reconciliation of revenue inflows was still ongoing, and what was declared was the figure presented to the committee.

Madein said the revenue for 2024, will significantly increase due to the economic policies being implemented by the federal government.

Also addressing the committee, Chief Executive Officer of the Ministry of Finance Incorporated (MOFI), Armstrong Takang, said ₦101bn have been declared as dividends by some agencies.

According to him, some agencies are yet to declare their dividends due to various factors.

Chairman of the Committee, James Faleke, said the purpose of the interactive session with heads of ministries, departments, and agencies (MDAs) is to ensure that the revenue estimates submitted to the parliament by each agency before the passage of the 2024 appropriation bill into law are achieved.

The committee ruled that all the agencies under MOFI should produce their annual report for the past 10 years.

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