FORUM OF ACCOUNTANTS GENERAL ON A- FOUR- DAY RETREAT IN AKWA IBOM STATE.
THEME: “EFFICIENT AND EFFECTIVE PUBLIC FINANCE MANAGEMENT: ROLE OF ACCOUNTANTS -GENERAL”
AT IBOM HOTEL AND GOLF RESORT, NWANIBA ROAD, UYO
STATE GOVERNMENT HARPS ON IMPROVED REVENUE GENERATION BY MDAs
The Commissioner of Finance, Mr Nsikan Nkan has harped on the need for Ministries, Departments and Agencies of Government to improve on their revenue generation to aid the smooth running of the State.
Mr Nkan gave the directive during a Revenue Generation meeting held recently in the Ministry of Finance with stakeholders from revenue generating MDAs in the State.
He disclosed that the Federal Allocation which has been dwindling over the past months cannot be considered a dependable source of revenue for the financing of numerous infrastructural projects initiated by the State Government.
The Finance boss who hinted that Akwa Ibom State Government places high premium on Internally Generated Revenue as the only source of revenue which can be positively influenced by the State added that Akwa Ibom State has potentials and capacity in revenue generation which are yet to be exploited.
At the same time, the Commissioner advised government officials to be more proactive and effective in their respective MDAs in order to make adequate contributions to the revenue generation of the State in order to support the implementation of the year 2020 budget.
While appreciating the Chairman of the Akwa Ibom Internal Revenue Service, Mr Okon Okon for improved revenue for the State, Mr Nkan however, noted that the State internally generated revenue is grossly inadequate considering the huge revenue potentials of the State.
He therefore called on all relevant MDAs to apply available effective modalities to boost the revenue base of the State.
Meanwhile, the Commissioner condemned in strong terms the recalcitrant attitude of some government officials who have continued to lodge generated revenue in accounts other than the designated Treasury Single Account as contained in the Circular issued by the Ministry of Finance.
Consequently, he advised all defaulting MDAs to desist forthwith as Government will not hesitate to apply severe punitive measures on offenders and emphasised on adherence to e-receipts and Treasury receipts issued by the Office of the Accountant General as the only authorised receipts for the collection of revenue by MDAs.
The finance expert also encouraged revenue and accounting personnel in the State to embrace the various electronic devices like the POS, Pay Attitude, E-Receipt and Account Wallet which are designed to ease payments by both urban and rural dwellers to ensure accountability and transparency.
In the same vein, the Chairman, Akwa Ibom Internal Revenue Service, Mr. Okon Okon who noted that Comparative Study puts Akwa Ibom State at the bottom in revenue generation among South -South states called for commitment of all personnel for improved revenue of the State.
Mr. Okon also requested for a more robust action by Government staff and other stakeholders towards revenue generation to help boost the financial strength of the State.
He stated his readiness to address challenges facing MDAs in the area of revenue generation and promised to assist them in the training of revenue and accounting staff.
Present at the meeting were the Commissioner, Ministry of Health, Dr Dominc Ukpong, his counterpart in the Ministry of Transport and Solid Minerals, Rt. Hon. Uno Etim Uno, Chairman, Akwa Ibom State Environmental Protection and Waste Management Agency, Prince Akpan Ikim, Permanent Secretaries and Heads of Departments from revenue generating MDAs.