{"id":115817,"date":"2024-04-13T11:33:07","date_gmt":"2024-04-13T10:33:07","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/fg-reveals-revenue-received-from-mdas-in-february"},"modified":"2024-04-13T13:48:28","modified_gmt":"2024-04-13T12:48:28","slug":"fg-reveals-revenue-received-from-mdas-in-february","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-reveals-revenue-received-from-mdas-in-february","title":{"rendered":"FG reveals revenue received from MDAs in February"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Minister of Finance and Coordinating Minister of Economy, Wale Edun, has announced the earnings of government-owned entities, ministries, departments, and agencies in February.<\/p>\n

According to him, the revenue rose to N835.70 billion in February.<\/p>\n

There was a notable growth of N681.45 billion, representing a substantial 441.78% surge from the N154.25 billion remitted in the 2022.<\/p>\n

The Minister made the disclosure during a presentation titled \u201cReconstructing the Economy for Growth, Investment and Climate Resilience Development\u201d at the Lagos Business School Breakfast Club, the minister made this statement.<\/p>\n

\u201cThere is an increasing revenue contribution of MDAs and GOEs, growing from 154.25 in February 2023 to 835.70bn in February 2024 through an automated two-times daily sweep of 50 per cent of MDAs and GOEs IGR since January 2, 2024.<\/p>\n

\u201cWe have set out a robust execution plan for a 78 per cent y-o-y increase in budgeted revenue in 2024, but implementing enhanced the government\u2019s revenue assurance model is critical with a target budget deficit of 3.9 per cent of GDP from 6.1 per cent in 2023.<\/p>\n

\u201cWe have taken prudent expenditure measures by minimising unnecessary redundancy, reducing leakages through digitisation and eliminating inefficiencies.<\/p>\n

\u201cThere is also a revamped process for the commencement of 2024 capital expenditure payments for MDAs and GOEs, which is through direct payments to contractors while promoting a government-wide cost curtailment culture across all MDAs & GOEs,\u201d he said.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Minister of Finance and Coordinating Minister of Economy, Wale Edun, has announced the earnings of government-owned entities, ministries, departments, and agencies in February. According to him, the revenue rose to N835.70 billion in February. There was a notable growth of N681.45 billion, representing a substantial 441.78% surge from the N154.25 billion […]<\/p>\n","protected":false},"author":84,"featured_media":115816,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,13248,254,11507],"class_list":["post-115817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-mda","tag-nigeria","tag-wale-edun"],"yoast_head":"\nFG reveals revenue received from MDAs in February - Nigeria<\/title>\n<meta name=\"description\" content=\"The Minister of Finance and Coordinating Minister of Economy, Wale Edun, has announced the earnings of government-owned ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-reveals-revenue-received-from-mdas-in-february\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG reveals revenue received from MDAs in February\" \/>\n<meta property=\"og:description\" content=\"The Minister of Finance and Coordinating Minister of Economy, Wale Edun, has announced the earnings of government-owned ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-reveals-revenue-received-from-mdas-in-february\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-13T10:33:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-13T12:48:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1712996027.352994.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-reveals-revenue-received-from-mdas-in-february#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-reveals-revenue-received-from-mdas-in-february\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FG reveals revenue received from MDAs in February\",\"datePublished\":\"2024-04-13T10:33:07+00:00\",\"dateModified\":\"2024-04-13T12:48:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-reveals-revenue-received-from-mdas-in-february\"},\"wordCount\":237,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-reveals-revenue-received-from-mdas-in-february#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1712996027.352994.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"MDA\",\"Nigeria\",\"Wale Edun\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-reveals-revenue-received-from-mdas-in-february#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-reveals-revenue-received-from-mdas-in-february\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-reveals-revenue-received-from-mdas-in-february\",\"name\":\"FG reveals revenue received from MDAs in February - 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