Home BUSINESS Non-Oil Revenue: AGF Says Automation Of Collection Processes, Best Way To Go

Non-Oil Revenue: AGF Says Automation Of Collection Processes, Best Way To Go

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The Accountant General of the Federation Ahmed Idris, says automation of non-oil revenue collection is the way best way to go for Nigeria.

He said this at the on-going 2018 National Council on Finance and Economic Development, NACOFED in Kaduna.

According to Idris, diversification of the economy away from oil dominance to non-oil sources of revenue including tax and Customs collections is of strategic economic importance to Nigeria.

He said that government at all levels must as a matter of priority, focus more attention on this critical element of boosting their revenue base away from oil by committing more resources to its actualisation.

Idris, said that the treasury recognised the need to optimise the collection of revenues and made a swift shift from manual collection processes to electronic systems. According to him, this has put the treasury at the forefront of the ongoing Public Finance Management Reforms initiatives in the country.

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