Revenues generated by MDAs are supposed to be remitted to the FG in their right percentage.”- Reps
The House of Representatives has stressed the need for revenue generating agencies of government to remit twenty-five percent of their internally generated revenues as stipulated by extant laws into the federation account.
The chairman, House committee on Healthcare Services, Yusuf Sununu, stated this while addressing agencies at the committee’s budget defence session.
The lawmaker who acknowledged the charge given by President Muhammadu Buhari that the Legislature must assist the Executive in compelling MDAs to remit IGR, stressed that it is only through such remittances that the government can effectively finance the 2021 budget.
He said: “Let’s also try to emphasize that revenues generated by MDAs are supposed to be remitted to the Federal government in their right percentage.”
“With that the amount of revenue needed to finance the budget every year will be drastically reduced. That is if all revenue generating MDAs remit what’s due to government in all honesty and truth — and as and when due.
“So this committee will do its due diligence in looking at the revenues of agencies under our purview and ensure that the right amount is remitted before consideration for their 2021 budget proposals.”,
The Medical Science Laboratory Council of Nigeria, Radiographers Registration Council of Nigeria, the Nigeria Pharmaceutical Research Institute (NIPRI) as well as the Community Health Practitioners Registration Board, all fell short of this requirement and were sent back to ensure that the twenty-five percent IGR is remitted before coming back for their budget defence while the Dental and Medical Council of Nigeria was turned back due to the absence of its chief executive.
However, the Nursing and Midwifery Registration Council, as well as the Nigeria Institute of Medical Research, Yaba Lagos were given approvals as they met up with the necessary requirements.