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Federal Gov’t Launches Revenue Optimisation Project

by Mark Itsibor
2 months ago
in Business
Wale Edun

Wale Edun

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Federal government has launched the Revenue Optimization and Assurance Project (REV-OP) to drive economic growth, improve revenue collection, and enhance transparency in public financial management.

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This initiative aims to address revenue leakages, enhance transparency, and drive economic development.

The minister of Finance and coordinating minister of the Economy, Wale Edun unveiled the project, a flagship initiative designed to strengthen Nigeria’s public financial management and revenue systems, when he chaired a high-level session today in his Abuja office, according to a statement that was issued by the spokesman for finance ministry, Mohammed Manga.

The REV-OP initiative introduces a new framework grounded in transparency, efficiency, and digital transformation.

“This is not a rebrand, but a clean break,” the minister stated. He added that the project marks the start of a more secure and accountable financial future for Nigeria.

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The session brought together representatives from the Federal Inland Revenue Service (FIRS), the Central Bank of Nigeria (CBN), and the Office of the Accountant General, alongside key private-sector technology partners.

To ensure robust oversight and delivery, a two-tier governance structure has been established, comprising a steering committee and a dedicated project management team, with daily coordination meetings to drive momentum and execution.

That structure is expected to enhance accountability, facilitate effective decision-making, and ensure timely implementation of project objectives.

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The REV-OP initiative aligns closely with President Bola Ahmed Tinubu’s economic vision to increase domestic revenue, plug leakages, and build a stable, investor-friendly fiscal environment.

 

 


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Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

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