• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, November 29, 2023
Leadership News
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership News
No Result
View All Result
ADVERTISEMENT

FG Recovers N57bn Debt, Sensitises Gombe Stakeholders

by Najib Sani
2 months ago
in News
Reading Time: 2 mins read
Share on WhatsAppShare on FacebookShare on TwitterTelegram

 

Federal Ministry of Finance has organised a sensitisation workshop for stakeholders drawn from ministries, departments and agencies in the North East zone on its debt recovery drive.

The ministry said through its ongoing debt aggregation effort, the sum of N57 billion has been recovered from the N5.2 trillion owed ministries, departments and agencies (MDAS) by 5,000 debtors.

Declaring the workshop open yesterday in Gombe, the director of special projects of the ministry, Aisha Omar explained that the ministry came up with a programme tagged: “Project Lighthouse” to help the federal government unravel debts and recover them from debtors.

She said one of the key economic policy objectives of the ministry is improving the federal government’s revenues by targeting and increasing revenues from non-oil revenue sources.

The official said an important part of their policies and strategies is to leverage big data technology to help block revenue loopholes, identify new revenue opportunities, optimise existing revenue streams especially non- oil revenue as well as improve fiscal transparency.

RELATED

Kwara APC Campaign Council DG Charges Members On Door- to-door Campaign

Appeal Court Verdict: APC Youth Group Alleges Mayhem Plot In Kano

16 mins ago
Governor Abiodun Gives 3 Best Graduating Students N2m Each

Governor Abiodun Gives 3 Best Graduating Students N2m Each

29 mins ago
Remi Tinubu Donates N427m To 1,709 Widows, Orphans

Engineers Hail President Tinubu On Road Regeneration Plan

52 mins ago
AMMC Begins Intensive Traffic Control On Airport Road

Lawmakers Demand Action Against Abduction, Killing In Abuja

1 hour ago

“In actualising this goal, the Federal Ministry of Finance initiated ‘Project Lighthouse’, which has enabled the aggregation of relevant economic and financial information from multiple agencies who hitherto did not share data.

“Generally, revenue loopholes have been aided by poor information sharing and enforcement. Data from Project Lighthouse revealed that many companies and individuals who owe government agencies, have refused to honour their obligations, were still being paid, especially through the government platforms such as GIFMIS and Treasury Single Account (TSA) due to lack of visibility over these transactions,” she stated.

The director revealed that the ministry through the consolidation efforts of the “Debt Analytics and Reporting Application” has been able to aggregate the debts of approximately N5.2 trillion from data aggregated from over 5,000 debtors owed to ministries, departments and agencies (MDAs).

She added that the debt aggregation effort is still ongoing and that currently, an approximate sum of N57 billion has been recovered so far from the amount due to concerted efforts on the part of stakeholders and federal government.

 

SendShareTweetShare
Previous Post

UNGA: Gombe Gov Takes Out-of-School Children Menace To UNICEF, Others

Next Post

Northern Groups Allege Lopsidedness In Tinubu’s Appointments

YOU MAY LIKE

Kwara APC Campaign Council DG Charges Members On Door- to-door Campaign
News

Appeal Court Verdict: APC Youth Group Alleges Mayhem Plot In Kano

16 mins ago
Governor Abiodun Gives 3 Best Graduating Students N2m Each
News

Governor Abiodun Gives 3 Best Graduating Students N2m Each

29 mins ago
Remi Tinubu Donates N427m To 1,709 Widows, Orphans
News

Engineers Hail President Tinubu On Road Regeneration Plan

52 mins ago
AMMC Begins Intensive Traffic Control On Airport Road
News

Lawmakers Demand Action Against Abduction, Killing In Abuja

1 hour ago
Next Post
Northern Groups Allege Lopsidedness In Tinubu’s Appointments

Northern Groups Allege Lopsidedness In Tinubu's Appointments

TRENDING

  • Dangote Refinery Secures First Deal, Begins Operations With 350,000bpd

    Dangote Refinery Secures First Deal, Begins Operations With 350,000bpd

    0 shares
    Share 0 Tweet 0
  • Joe Praize, Chioma Jesus, Others Visit Mercy Chinwo, Baby In Nigeria

    0 shares
    Share 0 Tweet 0
  • OAU Wash-a-thon: I Didn’t Land In Hospital — Student

    0 shares
    Share 0 Tweet 0
  • Top 6 Music Record Labels In Nigeria

    0 shares
    Share 0 Tweet 0
  • Naira Regains Ground To 970/$ At Parallel Market

    0 shares
    Share 0 Tweet 0

RECENT UPDATE

Nigeria Assures On Sanctity Of Press Freedom
Opinion

Tinubu Takes Renewed Hope To Saudi Arabia And Germany

by Mohammed Idris
5 mins ago

Read more
Kwara APC Campaign Council DG Charges Members On Door- to-door Campaign
News

Appeal Court Verdict: APC Youth Group Alleges Mayhem Plot In Kano

by George Agba
16 mins ago

Read more
Governor Abiodun Gives 3 Best Graduating Students N2m Each
News

Governor Abiodun Gives 3 Best Graduating Students N2m Each

by Femi Oyeweso
29 mins ago

Read more

© 2023 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2023 Leadership Media Group - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In