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18 Firms Set To Audit MDAs …As FG Reviews Agencies’ Cost Profile
The Federal Government has hired 18 professional audit companies to carry out a forensic audit of its agencies to access true state of their revenue generation.
Accountant-General of the Federation (AGF), Mr. Ahmed Idris, said the audit process would cover the period of 2010 to 2015, and would be completed in 18 months.
Idris said that the audit would also cover capital, personnel and overhead expenditure across all Federal Government’s Ministries, Departments and Agencies (MDAs).
Addressing the consultants selected to handle the task at an interactive session in Abuja, the AGF, represented by the Director of Funds, Alhaji Salau Zubairu , said the audit would aid the Federal Government in arriving at better decisions, in view of the dwindling inflow of government revenue .
He said the first phase of the assignment was divided into two categories and will involve 33 agencies.
According to him, category A comprises eight agencies with a turnover of above N100 billion and category B involves 25 agencies with a turnover of below N100billion.
The AGF said some of the terms of reference given to the consultants were to review the sources of revenues accruing to the organisations and the effectiveness of revenue generation and accounting.
Ahmed said the consultants were to establish the cost of operations and make appropriate recommendations to understand real personnel cost and cost associated with revenue collection or revenue sharing arrangement.
He assured the consultants of the support and assistance of the OAGF in discharging their duties.
He said, however, that their activities would be closely monitored by experienced staff of the OAGF to ensure that government gets value for money.
Meanwhile, the Federal Government, yesterday, said that it had commenced the review of the cost profile of all its revenue generating agencies.
Speaking at a two-day National Revenue Retreat in Kano, the Minister of Finance, Mrs Kemi Adeosun, said that the measure was necessary in order to ensure that maximum operating surpluses were declared and remitted in compliance with the Fiscal Responsibility Act.
The retreat was organised by the Ministry of Finance as part of government’s effort to brainstorm on how to shift emphasis from oil to non-oil revenue.
Adeosun said that the measure was necessary in order to ensure that maximum operating surpluses were declared and remitted in compliance with the Fiscal Responsibility Act.
She said that the ministry had commenced a number of audits of a range of agencies that would provide the government improved visibility into the revenue and cost profiles.
“This will enable us to generate an indicative cost profile that can be used to establish reasonable budget targets going forward,” she said.
The minister stressed that the focus was now on non-oil revenue generation, adding that exploiting solid minerals and agricultural sectors of the economy was necessary so as to take full advantage of the value opportunities.
According to her, the country must improve its revenue collection efforts as our revenue to GDP ratio is far lower than that of ours peers.
“Nigeria’s tax to GDP is only six per cent versus 26 per cent in South Africa and 21 per cent in Tunisia. This is actually good news as it reflects the opportunity for growth,” she said.
The Administrator of Rivers State, Retired Vice Admiral Ibok-Ete Ekwe Ibas, has assured the commitment of Rivers State government to workers’s welfare and industrial harmony in Rivers State.
The Sole Administrator gave the assurance after meeting with leadership of organized labour unions at the Government House, Port Harcourt on Wednesday.
Ibas reaffirmed government’s policy of prompt payment of salaries and pensions to workers and retirees, stating that all local government employees are not receiving the approved minimum wage.
He disclosed that approval has been given for payment of newly employed staff at Rivers State University Teaching Hospital and the Judiciary, while medical workers in Local Government Areas will now receive correct wages.
Ibas explained that, Government is reviewing implementation challenges of the Contributory Pension Scheme ahead of the July 2025 deadline, adding that Intervention buses have been reintroduced to ease workers’ transportation ,with plans to expand the fleet.
He said specialized leadership training for top civil servants will commence within two weeks, while due consideration is being given to implementing the N32,000 consequential adjustment for pensioners and clearing outstanding gratuities.
Ibas commended Rivers State workers for their dedication to service and called for sustained partnership with labour unions to maintain industrial peace.
“This administration recognizes workers as critical partners in development. We remain committed to addressing your legitimate concerns within available resources,” he stated.
The State NLC Chairman, Comrade Alex Agwanwor, thanked the Administrator for the steps taken so far with regard to workers welfare while appreciating his disposition towards alleviating the transportation problem faced by workers.
He also expressed appreciation for the government’s openness to dialogue and pledged continued cooperation towards achieving mutual goals.
The Rivers State Government assured all workers of its unwavering commitment to their welfare and called for continued dedication to service delivery for the collective progress of our dear State.
The Nigeria Labour Congress (NLC), Rivers Council, has called for policies that will improve the economic situation of the country in order to ensure enhanced living standard for workers.
The State Chairman, Mr Alex Agwanwor, made the remark on behalf of the unions affiliated to Labour Congress during the 2025 workers day celebration in Port Harcourt, yesterday.
Agwanwor highlighted the demands of the Unions which included the immediate payment of pension arrears, implementation of the N32,000 minimum wage for pensioners, and payment of gratuities and death benefits without further delay.
“We are calling for the regulation and protection of e-hailing drivers, implementation of increments and promotions, and resolution of long-standing issues in the polytechnic sector,” he said.
Agwanwor on behalf of the unions appealed to President Bola Tinubu to reinstate the democratically elected Governor, Deputy Governor, and members of the Rivers State House of Assembly.
He stressed the importance of democratic governance and good working relationship with elected representatives.
According to him, the unions expressed disappointment over the imposition of taxes, increase in electricity tariff, and high cost of goods and services, which have further worsened the plight of workers.
“We urge the federal government to take measures to alleviate the suffering of citizens,” he said.
Vice-President Kashim Shettima says President Bola Tinubu is committed to unlocking Nigeria’s full potential and position the country as a leading force on the African continent.
Shettima stated this when he hosted a delegation from the Hertie School of Governance, Berlin, led by its Senior Fellow, Dr Rolf Alter, at the Presidential Villa in Abuja last Wednesday.
He said Nigeria was actively seeking expertise from the global best institutions to enhance policy formulation and implementation, particularly in human capital development.
The Vice-President noted that President Tinubu was determined to elevate Nigeria to its rightful position as a leading force in Africa.
“The current crop of leadership in Nigeria under President Bola Ahmed Tinubu is ready and willing to unleash the full potential of the Nigerian nation on the African continent.
” We are laying the groundwork through strategic reforms, and at the heart of it, is human capital development.”
He described the Hertie School as a valuable partner in the journey.
According to him, Hertie School of Governance, Berlin, has track record and institutional knowledge to add value to our policy formulation and delivery, especially in this disruptive age.
Shettima reiterated the government’s priority on upskilling Nigerians, saying ” skills are very important, and with our Human Capital Development (HCD) 2.0 programme.
“We are in a position to unleash the full potential of the Nigerian people by enhancing their capital skills.”
The Vice-President acknowledged the vital support of international development partners in that effort.
” I want to thank the World Bank, the European Union, the Bill and Melinda Gates Foundation, and all our partners in that drive to add value to the Nigerian nation,” he maintained.
The Vice-President said human capital development was both an economic imperative and a social necessity.
Shettima assured the delegation of the government’s readiness to deepen cooperation.
” We need the skills and the capacity from your school. The world is now knowledge-driven.
“I wish to implore you to have a very warm and robust partnership with the government and people of Nigeria.”
Shettima further explained recent economic decisions of the government, including fuel subsidy removal and foreign exchange reforms.
“The removal of fuel subsidy, the unification of the exchange rate regime and the revolution in the energy sector are all painful processes, but at the end of the day, the Nigerian people will laugh last.
“President Tinubu is a very modern leader who is willing to take far-reaching, courageous decisions to reposition the Nigerian economy,” he added.
Earlier, Alter, congratulated the Tinubu administration for the successful launch and implementation of the Human Capital Development (HCD) strategy.
The group leader described the development as ambitious and targeted towards the improvement of the lives of the citizens.
He expressed satisfaction with the outcome of his engagements since arriving in the country.
He applauded the zeal, commitment, energy and goodwill observed among stakeholders in the implementation of Nigeria’s HCD programme.
Alter said the Hertie School of Governance would work closely with authorities in Nigeria across different levels to deliver programmes specifically designed to address the unique needs of the country.
He, however, stressed the need for government officials at different levels to be agile and amenable to the dynamics of the evolving world, particularly as Nigeria attempted to successfully accelerate its human capital development aspirations.