The Minister of Finance Zainab Shamsuna Ahmed, has charged the Strategic Revenue Growth Initiative (SRGI) Steering Committee on implementation and results delivery of the initiative.
Ahmed, gave the charge during the inaugural meeting of the SRGI, where the committee was tasked on ensuring the objectives and target areas as responsibility were achieved to provide good governance and strategic direction for implementation, a statement by her special adviser on media and Communications, Mr Paul Ella Abechi said.
It will be recalled that the SRGI was launched in January 2019 and are built on three core thematic areas including; Achieve sustainability in revenue generation, Identify new and enhance the enforcement of existing revenue streams, Achieve cohesion in the revenue ecosystem (people and tools).
While the Terms of Reference of the Steering Committee include;- To oversee the implementation of the SRGI; To receive and consider reports from portfolio holding agencies; To develop reporting template for portfolio agencies; To review from time to time the portfolio of agencies; Report (Monthly to Economic Management Team, Quarterly to National Executive Council/Federal Executive Council) on the implementation status;
Others are; Seek Presidential approval for specific initiatives and implementation; Give direction to agencies on the implementation of their portfolios; and any other matter that is helpful to the ToR.
She said: “We have just concluded the inaugural meeting of the Strategic Revenue Growth Initiative (SRGI) Steering Committee which will provide overall governance and strategic direction for the implementation of the SRGI and has membership from all of the major revenue generating agencies.
“It is our plan that the Steering Committee will guide the implementation of the SRGI whilst driving the results delivery and ensuring that initiatives are prioritized and sequenced in a manner to deliver maximum revenue impacts in a more collaborative and integrated manner.”
She also added that, “The Steering Committee will meet monthly to deliberate on key important issues and milestones and review project implementation progress in a timely way; and may also meet, at any time, to address any urgent issues that may affect project implementation.”
The SRGI steering committee has members from various Ministries, Departments and Agencies, and was launched in January 2019 for sustainable revenue generation in all sectors of the economy, in order to boost and sustain government revenue in accordance with good governance.