The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr Mohammed Bello Shehu, has stressed the urgent need for innovative and sustainable revenue generation strategies to tackle declining federal allocations and rising public service demands across all levels of government.
Speaking at the opening ceremony of a two-day training programme titled “Optimising Revenue Generation, Budgeting Process, and Good Governance” in Abuja, Dr. Shehu reaffirmed the Commission’s constitutional mandate to provide expert guidance to the three tiers of government on enhancing fiscal efficiency and boosting revenue generation.
His remarks highlight the government’s commitment to strengthening financial sustainability and ensuring effective governance through improved resource management.
He emphasised that strengthening revenue generation was no longer an option but a necessity for economic stability and sustainable development.
The training programme is designed to equip government officials and stakeholders with the necessary knowledge and skills to improve revenue mobilisation, budgeting, and fiscal management.
The Chairman underscored the importance of strategic partnerships, optimal pricing strategies, and efficient fiscal management in enhancing revenue generation. He noted that 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,” he added.
At the end of the training, participants are expected to have a deeper understanding of revenue generation challenges and opportunities, acquire practical skills in revenue mobilisation and management, develop strategic partnerships to enhance revenue generation and identify innovative solutions to address revenue shortfalls by leveraging areas of comparative advantage.
Dr Shehu, who urged all stakeholders to take full advantage of the training, emphasised that achieving fiscal sustainability requires proactive measures, collaboration, and a commitment to good governance.
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