Mohammed Shehu, the chairman of the Revenue Mobilisation Allocation and Fiscal Commission, has called for an urgent need to address dwindling allocations for sustainable revenue generation.
Mr Shehu also called for effective collaboration among relevant stakeholders to develop innovative revenue strategies to meet public service demands at all levels of government.
He made the call on Wednesday in Abuja at a two-day training programme.
The RMAFC chairman said the commission’s constitutional mandate was to advise the three tiers of government on fiscal efficiency and revenue enhancement.
Mr Shehu said strengthening revenue generation was no longer an option but necessary for economic stability and sustainable development.
According to him, the training is designed to equip government officials and stakeholders with the necessary knowledge and skills to improve revenue mobilisation, budgeting and fiscal management.
Mr Shehu acknowledged the importance of strong partnerships with various stakeholders and efficient fiscal management in enhancing revenue generation.
He said the programme would provide a platform for participants to engage with experts and explore best practices in revenue optimisation.
“We must move beyond traditional revenue sources and explore new frontiers to boost fiscal sustainability.
“At the end of this training, participants are expected to have a deeper understanding of revenue generation challenges and opportunities.
“The training will help them to acquire practical skills in revenue mobilisation and management and develop strategic partnerships to enhance revenue generation,” said Mr Shehu.
Mr Shehu also mentioned that the participants would be able to identify innovative solutions to address revenue shortfalls by leveraging areas of comparative advantage.
He urged all stakeholders to take full advantage of the training, emphasising that achieving fiscal sustainability requires proactive measures, collaboration and a commitment to good governance.
(NAN)
