Abuja, Nigeria – The House of Representatives Committee on Finance, chaired by James Faleke, held its quarterly Revenue Monitoring Session today, engaging with key government agencies to review their revenue performance and address any challenges.
The session, held at the National Assembly, brought together representatives from the Nigerian National Petroleum Company Limited (NNPCL), Nigeria Social Insurance Trust Fund, and the Oil and Gas Free Trade Zone, among others.
The committee’s oversight role is crucial in ensuring that revenue is generated to fund the country’s budget and identify areas of improvement. Through regular engagement with government agencies, the committee promotes transparency and accountability in government revenue generation.
Today’s session is a testament to the committee’s commitment to effective revenue monitoring and its dedication to ensuring that Nigeria’s economic growth is sustained.
“We will continue to engage with government agencies to ensure that revenue is generated and utilized efficiently,” said Chairman James Faleke. “Our goal is to promote transparency, accountability, and sustainable economic growth for the benefit of all Nigerians.”
Recent Engagement of Faleke lead committee
The Faleke Committee of Finance recently engaged with government Ministries, Departments, and Agencies in a quarterly Revenue Monitoring Session ¹. The Nigerian National Petroleum Company Limited (NNPCL), Nigeria Social Insurance Trust Fund, and the Oil and Gas Free Trade Zone made appearances and submissions before the committee ¹.
*Revenue Monitoring*
The committee monitors revenue generation on a quarterly basis to ensure that revenue is generated to fund the country’s budget ¹. The committee also identifies revenue leakages in government Ministries, Departments, and Agencies (MDAs) and takes steps to address them ².
*Role of the Committee*
The Faleke Committee of Finance plays a crucial role in ensuring that revenue is generated to fund the country’s budget ¹. The committee’s engagement with government agencies helps to identify revenue leakages and address any issues that may arise ¹. The committee’s goal is to ensure that revenue is generated quarterly to fund the country’s budget ¹.