20 September 2017, Sweetcrude, Abuja – Minister of Finance, Mrs. Kemi Adeosun, has enjoined Federal Government Ministries, Departments and Agencies, MDAs, to emulate the Nigerian Maritime Administration and Safety Agency, NIMASA, by plugging revenue leakages.
Adeosun, who spoke at a workshop in Abuja, said this was necessary in order to allow for 100 percent implementation of the 2017 budget.
The minister noted that poor revenue performance by the MDAs was hampering the 2017 budget implementation, but singled out NIMASA as one of the agencies doing well in terms of revenue generation and remittances to the government’s Treasury Single Account, TSA.
She maintained that despite the dwindling revenue of various agencies, the current management of NIMASA brought down significantly the company’s operational cost and that the agency was able to generate more money by half year than it did in the two preceding years.
Adeosun also noted that the current Management of NIMASA has introduced processes that blocked loop holes thus increase revenue generation and subsequently improve its reputation leading to better confidence from stakeholders in the maritime sector.