FRC Targets N3trn Operating Surplus From MDAs In 2022   The Fiscal Responsibility Commission (FRC) is targeting no less than N3 trillion operating surplus from Ministries, Departments and Agencies (MDAs) next year. When realised, such funds will be remitted into the Federal Government Consolidated Revenue Funds in...

JAMB Remits N3.51bn 2021 Operating Surplus     The Joint Admissions and Matriculation Board(JAMB) has remitted the sum of N3.51 billion to the national treasury as part of its 2021 operating surplus. The 2021 remittance was in line with Prof. Is-haq Oloyede’s avowed commitment to prudent management of...

MDAs Must Remit Operating Surplus To Federation Account - Lawmakers       The House of Representatives has called ministries, departments and agencies to remit all Internally Generated Revenue due to the Federal Government coffers for proper funding of the 2021 budget. Chairman of the House Committee on Healthcare...

Fed Govt Raises MDAs Operating Surplus To N916.87bn In a bid to secure alternative sources of funding, following the crash in crude oil price, the Federal Government has raised the target set for Ministries, Departments and Agencies through the payment of operating surplus from N849.97bn...

MDAs Remitted N1.5trn Operating Surplus In 11 Years — FRC   A total of N1.551tn operating surplus of some revenue generating agencies of government was remitted to the Federal Government Consolidated Revenue Fund from 2007 to 2018. This was disclosed in the 2018 Annual Report of the...

Operating Surplus: MDAs Turn In N1.42tn In A Decade A total of 122 Ministries, Departments and Agencies remitted N1.42tn to the Consolidated Revenue Fund in 10 years, data obtained from the Fiscal Responsibility Commission have shown. The Federal Government requires agencies listed in the Fiscal Responsibility...