• News - North Central - FCT
  • Updated: May 16, 2024

FG rakes in N318bn revenue in three months– Accountant General

FG rakes in N318bn revenue in three months– Accountant Gen

Oluwatoyin Madein, the Accountant General of the Federation, has disclosed that the federal government generated total N318.5 billion revenue in the first quarter of 2024.

According to her, this was against a total expected revenue of N2.591 trillion for the year 2024.

Madein, who was represented by the Director, Revenue Expenses, Felix Ogundayero, disclosed this on Monday in Abuja at a hearing by the House of Representatives Committee on Finance to monitor the revenue by agencies of the Federal Government.

She said, “Reconciliation is still being done but the total revenue inflows to the federal government for January to March amounts to N318. 5 billion as against a total budget of 2.691 trillion.

“For the budget, the bottom up cash planning policy is on course and the 2024 budget is going to be implemented via that policy and officers have been retained and sensitisation is ongoing to ensure that MDAs are well equipped on the modalities and conditionalities,” he said.

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