Why FG Plans to Review Laws of Revenue Generating Agencies

The   Federal Government of Nigeria has said that it is considering the review of laws setting up all revenue generating agencies in the country in order to ensure that the agencies’ operations are reconciled in line with current realities.

The Minister of State for Finance, Dr. Yerima Ngama, who made this disclosure, recently, said this will help in prompt remittance of revenue to the Consolidated Revenue Fund Account, as well as lead to an increase in the revenue accruing to the Federal Government.

According to the minister, approvals had already been given for the constitution of a committee to carry out the review.