FG targets 85% revenue by 2023

The Federal Government is targeting revenue benchmark of 85 per cent in 2023 compared to 55 per cent realised last year, Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said.

The minister made this declaration at her maiden meeting with the minister of state budget and national planning, heads of parastatals and management staff of the ministry in Abuja, yesterday.

Ahmed stated that the Economic Recovery Growth Plan (ERGP) developed by the ministry, ushered the country out of recession and launched the country on the path of economic recovery.

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She praised the implementation of the ERGP, describing it as “exemplary” and an amalgamation of the Vision 2020, Sustainable Development Goals (SDGs) and sectoral plans.

Ahmed said: “We have to start a new long term plan as both the ERGP and Vision 2020 would soon end in 2020. The Medium Term Expenditure Framework (MTEF) is expected to be forwarded to the National Assembly in the next two weeks and the budget by the end of September.”

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Speaking earlier, the Minister of State, Clem Agba, reiterated the need for team work and pledged the commitment and support of the staff in delivering the mandate of the ministry.

Agba underscored the need to strengthen monitoring and evaluation, stating that the ministry would soon commence the process of developing a long term strategic plan for the country.

In his opening remarks, the Permanent Secretary of the ministry, Mr. Ernest Umakhihe lauded the contributions of the minister on the success of the ERGP and commended Mr. President for merging the two ministries, describing it as a welcome development.

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