NEPZA, 20 Other MDAs Set To Join FG’s Revenue Optimisation Platform

A cross section of invited guests at the Mandatory Integration and Adoption of Revenue Optimisertion and assurance engagement meeting.

The Nigeria Export Processing Zones Authority (NEPZA) and twenty other Federal Agencies have made a firm commitment to integrate and adopt the Revenue Optimisation and Assurance Platform (RevOP) and the Federal Treasury e-Receipt (FTe-R) to improve overall transparency in Federal Government financial operations.

Dr. Olufemi Ogunyemi, the Managing Director/CEO of NEPZA, made the disclosure  following a Tuesday meeting in Abuja between the Minister of Finance and the Coordinating Minister of the Economy of Nigeria, Mr. Taiwo Oyedele, and the Chief Executive Officers of 21 affected agencies.

The new Revenue Optimization Platform was approved by the Federal Executive Council to eliminate day-to-day financial fraud and to advance the financial transparency initiative of President Bola Ahmed Tinubu’s administration.

The Minister, through the Ministry’s Permanent Secretary, Mr. Muhammed Sanusi, reminded the CEOs that the new revenue monitoring platform was created by the government to comprehensively record its revenue and expenses.

Oyedele added that a total of 31 MDAs had already gone live on the platform, stating that: “21 more agencies are to be captured next, as the government is working assiduously to achieve 100 percent financial probity before the end of the year’’.

“We therefore wish to encourage each of you to, without delay, key into this lofty government initiative to boost financial due process on all fronts,” the minister said.

Dr. Ogunyemi assured that NEPZA was on track for full compliance, leveraging its well-structured digital financial system.

Dr. Ogunyemi stated, “We are encouraged and feel responsible to follow the Rev.OP. It is especially motivating to observe the president taking clear leadership and responsibility for this vital financial monitoring system, which will help push the administration’s Renewed Hope Agenda forward.”