• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

RMAFC, NASDRA Target $50bn Annual Revenue In New Partnership

by Mark Itsibor
5 months ago
in Business
RMAFC
Share on WhatsAppShare on FacebookShare on XTelegram

Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) and the National Space Research and Development Agency (NASDRA) have entered into a new partnership that is expected to result in the generation of about $50 billion annually through optimised technology-driven tools for Nigeria.

Advertisement

The collaboration was sealed on Thursday with the launching of the implementation of a presidential initiative on revenue optimisation and digitalisation via space technology at RMAFC’s head office in Abuja.

RMAFC chairman Dr. Muhammed Bello Shehu reaffirmed the commission’s commitment to modernizing Nigeria’s revenue generation in collaboration with the NASDRA and other key stakeholders.

Also, the director-general of NASDRA, Dr Matthew Adepoju, highlighted the potentials of space technology in revenue mobilisation, stating that with artificial intelligence (AI), robotics and space innovation, Nigeria can generate up to $50 billion annually while also strengthening national security.

President Bola Tinubu had emphasised the importance of economic recovery through enhanced revenue generation, which can primarily be achieved through the discovery of new revenue streams.

RELATED

Federal Gov’t, IFAD Train 600 Farmers In Budgeting, Farming Techniques In Benue

We’re Making Abia Farmers Globally Visible – Agric Firm

5 hours ago
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

9 hours ago

Dr Shehu said, “We stand at the threshold of a new era, where innovation, creativity and collaboration drive economic growth and progress. It is indeed not an overstatement to say that the traditional sources and methods of revenue generation, apart from the fact that they are no more in vogue, are, most importantly, not sufficient to meet the evolving needs of our great Nation. Therefore, as key stakeholders, we must think innovatively and collaboratively to unlock new opportunities for economic growth and development in the interest of our beloved country.”

He stressed the need for a strategic, technology-driven approach to revenue mobilisation, pointing out that effective collection, accountability, and proper utilisation of revenues are essential for national development.

He posited that optimising revenue sources is not just a necessity but a responsibility that must be shared by all stakeholders. “We are at the verge of writing a new chapter in Nigeria’s leadership. The collective determination of stakeholders here today is key to optimising revenue collection and utilisation. This is a task that must be achieved for our dear country.” He said.

 

Earlier in his welcome address, the federal commissioner representing Bauchi State in the commission and acting chairman of the mobilisation and diversification committee, Muhammed Sani Baba acknowledged the importance of the initiative and called for the support of all stakeholders to ensure its successful implementation.

 

He disclosed that the occasion was organised as a step towards the implementation of the directive of Mr President that the generation, collection and subsequent utilisation of revenue should be modernised for the growth of the country and its exciting future.

 

A technical session featured a NASDRA-led presentation on leveraging space science and technology to block revenue leakages and create new revenue streams.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Revenue Mobilisation Allocation and Fiscal Commission (RMAFC)
SendShareTweetShare
Previous Post

JP Morgan Delegation Explores Investment Opportunities In Nigeria

Next Post

Naira Strengthens Across FX Markets As Speculators Lose

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

You May Like

Federal Gov’t, IFAD Train 600 Farmers In Budgeting, Farming Techniques In Benue
Agriculture

We’re Making Abia Farmers Globally Visible – Agric Firm

2025/06/29
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture
Business

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

2025/06/29
New Afreximbank President To Restructure African Trade
Business

New Afreximbank President To Restructure African Trade

2025/06/29
Oyetola
Business

Federal Gov’t Launches Life-jacket Safety Initiative

2025/06/29
Tech Scholar To Drive Academic Vision As OAU’s New DVC
Business

Tech Scholar To Drive Academic Vision As OAU’s New DVC

2025/06/29
MONEY MARKET: Assessing Customers’ Losses To Fraudsters Through Digital Banking
Business

Cybercrime: Half Of Victims Paid Ransom In 2025

2025/06/29
Leadership Conference advertisement

LATEST

WAFCON 2024: CAF Celebrates Former Super Falcons Captain, Ebi

70% Nigerians Without Insurance Cover — NCRIB 

Ojude Oba: Brands, Celebs Find New Spotlight

Mádé Kuti Drops New Single ‘Wait And See’

I Haven’t Seen My Daughter In A While – Skales

What Inspired Me To Go Into Music – Only1Bennie

Kogi, Others Target $750m SABER  Fund To Promote Ease Of Doing Business 

Gov’t Sec Schl Ekori Wins Girls Engineering Competition In Cross River 

Ex-Cross River PDP Rep Aspirant Distances Self From Communal Clash

Nigeria-EU Ministerial Meeting To Focus On Security Trade& Investment

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.