MDAs record N13.72bn revenue shortfall

The revenue collection of N622.9bn when compared to the N631.08bn target set by the Federal Government for the 2019 fiscal period represents a shortfall of N13.72bn.

There are also the Nigerian Postal Service, Nigerian Communications Commission, National Inland Water Ways Authority, National Information Technology and Development Agency and the Nigerian Airspace Management Agency. The development is said to have made it difficult for the Federal Government to achieve its revenue target based on the annual budget approved for the agencies.

The figure dropped in February to N14.12bn before rising to N64.33bn and N26.89bn in March and April respectively. The Director-General, Budget Office of the Federation, Mr Ben Akabueze, had during a meeting with revenue generating agencies said despite the over N40trn Federal Government’s investments in these agencies, the government had yet to fully enjoy the dividend of such investments.

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