…Says strengthening revenue generation no longer an option
The Chairman of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Shehu, has advocated the urgent need for innovative and sustainable revenue generation strategies to address the increasing public service demands at all levels of government.
Speaking at the two-day training programme titled “_Optimizing Revenue Generation, Budgeting Process, and Good Governance”, in Abuja, today, Dr. Shehu emphasised that strengthening revenue generation was “no longer an option but a necessity for economic stability and sustainable development.”
“We must move beyond traditional revenue sources and explore new frontiers to boost fiscal sustainability,” he added.
The RMAFC boss reiterated the Commission’s constitutional mandate to advise the three tiers of government on fiscal efficiency and revenue enhancement.
The training programme was designed to equip government officials and stakeholders with the necessary knowledge and skills to improve revenue mobilization, budgeting, and fiscal management.
The Chairman underscored the importance of strategic partnerships, optimal pricing strategies, and efficient fiscal management in enhancing revenue generation.
He noted that the programme would provide a platform for participants to engage with experts and explore best practices in revenue optimization.
Dr. Shehu, who urged all stakeholders to take full advantage of the training, emphasised that achieving fiscal sustainability requires proactive measures, collaboration, and a commitment to good governance.
At the end of the training, participants are expected to have a deeper understanding of revenue generation challenges and opportunities; acquire practical skills in revenue mobilization and management, develop strategic partnerships to enhance revenue generation and identify innovative solutions to address revenue shortfalls by leveraging areas of comparative advantage.
