The Federal Government has called on state governments to reduce unnecessary overhead costs, increase Internally Generated Revenue and embrace fiscal discipline for proper management of available resources.
The Minister of Finance, Mrs Zainab Ahmed, made the call on Monday in Kaduna at the 2018 Conference of the National Council on Finance and Economic Development (NACOFED).
According to Paul Abechi, media aide to the minister, the conference has as its theme: ”Unlocking the Potentials of Non-Oil Sector as a Sustainable Source of Government Revenue.”
Ahmed urged states to look inwards to harness various avenues to improve on their financial resources to enable them meet demands in their states.”It is on record that due to persistent domestic fall in oil revenue over the past years, it became extremely difficult, if not impossible, for us to meet duly budgeted obligations.
”This happened because of the age-long over reliance on oil, even though Nigeria is abundantly endowed with multiple resources, which provide varied sources of revenue.”There are stupendous potentials for diversification of source of revenue we can reflect soberly on our national endowments and make conscious efforts to exploit and manage them effectively,” she said.
Ahmed said there was need to develop cost effective strategies to increase the nation’s IGR, reduce unnecessary overhead costs, enthrone fiscal discipline and transparency.
This, she said, was to optimise available limited resources, while efforts are sustained to broaden the nation’s revenue base.
“On the Federal Government part, we will continue to strive to ensure that all federation revenues are accounted for in the most transparent manner and managed efficiently to deliver on the dividends of democracy to the citizenry.
”Let me acknowledge and commend the wisdom behind the development of the new revenue reporting template that was engineered by the Commissioners of Finance.”It is imperative to mention that its implementation will be one of the key reforms in revenue remittances into the Federation Account,” she said.
The minister said that the present administration had demonstrated the necessary political will and had been very supportive in its drive to explore other relevant revenue sources to turn the tide in favour of the federation account and the nation in general.
Ahmed emphasised the need for state governments to leverage on sectors lying fallow in their states to consolidate on the financial allocation they receive from the federation account.
”We must get back to agriculture, develop our solid minerals sector, further streamline and reinforce our tax collection systems, block all avenues for revenue leakages, continue to strengthen our borders to stem smuggling and abhor all forms of corruption.
”We have to cultivate a new culture of efficient resource management and genuine paradigm shifts to enable us utilise the untapped resources in a more efficient manner.
”These I believe we can do, notwithstanding the mistakes of our past, I am confident that this conference will rekindle our hope and embolden us to take practical steps towards unlocking the potentials in the non-oil sector in our respective states,” she said.
Julius Berger honours 578 long-serving personnel nationwide
… As Joseph Ogungbe is lauded for 40 years of service to the Company
Nigeria’s most operationally trustworthy, reliable and solution-oriented engineering construction and prime infrastructural development company, Julius Berger Plc, has rewarded hundreds of its long-serving members of staff all across its operations in the country.
At a colourful celebration of its workforce in Abuja last Saturday, the full complement of the executive management of the company was on hand to honour its hardworking, faithful, loyal, competent, and capable personnel from across all of the firm’s operational regions. The Managing Director of Julius Berger, Dr Lars Richter, PhD, expressed appreciation to all the honourees “for reaching milestones in their dedicated service spanning up to 40 years”. This productive feat, Dr Richter said, “is tremendous and truly inspiring”, adding that the occasion was a stock-taking opportunity for the company’s achievements as a whole, especially as it wraps up a very busy work year.
2018, Dr Richter said, was filled with many positive developments and achievements, which he ascribed to a great part to the hard work, faithfulness and loyalty of the company’s staff, especially the long-serving honourees. The MD said Julius Berger, during the course of the year, successfully overcame many tough challenges, made great progress across all aspects of its business, effectively restructured its operations to ensure the best utilization of resources for projects’ needs, and expanded its Executive Management to enable a stronger focus on growth potentials. The company, he added, also very importantly attained the recertification of its Quality Management System to meet the standards of the strategic ISO 9001. These achievements, Dr Richter said, “further advance our Company and serve to support the continued realization of operational goals, financial targets and strategic objectives” which continue to manifest as “strong progress of works across all active sites”.
The MD, described by colleagues as a no-nonsense and target engineering and management professional, is famously reputed to have delivered the Abuja Airport repair works before its scheduled delivery date as Project Manager. Dr Richter, in character with Julius Berger’s operational values, used the occasion to celebrate the company’s capacity for completing works for significant projects to the full satisfaction of its clients. He cited the Azura Independent Power Plant, which was handed over ahead of the scheduled completion date, and the Economic and Financial Crimes Commission Head Office in Abuja, which was commissioned successfully. Other notable private sector and national priority projects acquired by Julius Berger Plc since the year began include the Bodo-Bonny Road and Bridge, the Second Niger Bridge, Itu-Calabar-Odukpani Road, Lagos Shagamu Expressway, Famfa Oil Tower, the Abuja-Kano Road; and most recently, the Nigerian Immigration Office in Abuja.
Dr Richter said:“These projects add exciting dimension to our longstanding impressive portfolio, especially considering the positive social and economic impact priority projects will provide to Nigeria, when completed”. He added emphatically that “the new innovative cold recycling methodology for road rehabilitation introduced recently into the country by Julius Berger at the Abuja-Kaduna-Kano Road project, further solidifies our leadership position in the construction sector, not only in regards to service and quality, but also in terms of technological innovation.” He expressed confidence that Julius Berger’s successful pioneering of the innovative methodology has the potential to revolutionize road rehabilitation projects across Nigeria, and that Julius Berger will continue to lead the charge in achieving this.
He urged the company’s workers to focus on increasing operational performance, strong technical knowhow, quality workmanship and expertise – all factors that will remain the cornerstone of Julius Berger’s unmatched performance. Speaking directly to the honourees, Dr Richter said, “You are beacons of inspiration for those around you and role models for new hires. I am sincerely honoured to stand before you as Managing Director and feel proud to work with such an outstanding group of professionals”.
Speaking also in the same vein at the event, the company’s Executive Director, Administration, Alhaji Zubairu Ibrahim Bayi stated that “Julius Berger is what it is today as a result of a dedicated and reliable workforce”. He declared that “because the company’s workforce is the greatest asset of the company”, staff welfare and motivation is paramount in everything Julius Berger does. Bayi on behalf of the entire workers and management of Julius Berger Plc then pledged to the MD, Dr Richter, the unwavering support, co-operation and loyalty of all members of the Julius Berger work family to make his tenure as MD a huge success.
In total, 102 members of staff got 20, 25, 30, 35 and 40 years awards for consistent service to the company, and 476 other workers of the Julius Berger corporate family received honours for 10 and 15 years of continuous service to Julius Berger at the event.
Microsoft seeks to partner with NITDA
Microsoft seeks to partner with NITDA
POLITICS13 hours ago
Kogi East 2019: Fresh crisis as Kogi Christian elders in Kaduna endorse Attai Aidoko
NEWS1 day ago
2019: I’m not neutral, vote out Buhari – Obasanjo declares
NEWS1 day ago
BEDC debunks license withdrawal report
NEWS3 days ago
Ecobank customers groan over poor services
NEWS1 day ago
Alleged 1.4bn fraud: I’m innocent – NBA President cries out
NEWS1 day ago
FAAN withdraws services from MMA2, Warri, Gombe Airports
ENTERTAINMENT1 day ago
Ladies of the Order of Knights of St. Mulumba donates medical equipment to Lagos State
NEWS2 days ago
Nigerian IT Startups Generates $101m in First 9 Months of 2018