The Federal Government says it’s putting all instruments in place to ensure funds due to the federation held in the coffers of both individuals and corporate entities are remitted into its account.

The development was revealed when the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Chairman, Dr. Mohammed Shehu, hosted the Chairman, Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji at the Commission’s Headquarters in Abuja for the formal inauguration of the Engaged Consultants for the Revenue Recovery Exercise.

In his remarks, Dr. Shehu reaffirmed the Commission’s determination to strengthen Nigeria’s fiscal governance and ensure that all revenues due to the Federation are fully accounted for and remitted into the Federation Account.

He explained that the engagement of consultants is a strategic initiative aimed at plugging revenue leakages, enhancing transparency, and boosting the fiscal capacity of the three tiers of government, in alignment with the Renewed Hope Agenda of President Bola Tinubu.

The FIRS Chairman, represented by the Coordinating Director of FIRS, Shettima Tamadi, who inaugurated the consultants, commended the RMAFC Chairman for his proactive leadership and reaffirmed the FIRS’s commitment to effective collaboration with the Commission in realising the objectives of the recovery programme.