Nigeria Urged to Boost Revenue for Better Governance
The Chief Executive Officer of Modo Ante, Mr. Joko Okupe, has called for governments at all levels in Nigeria to enhance revenue generation in order to improve governance and achieve sustainable growth. This plea comes at a time when the nation is facing the challenge of finding innovative ways to increase revenue streams and reduce the burden of heavy national debt.
Mr. Okupe believes that there are numerous untapped opportunities for revenue growth in the country, and that existing revenue-generating entities could be further developed to generate new income. He also emphasized the importance of using technology to improve public service delivery and efficiency.
In response to this, Modo Ante is preparing to host a summit on national revenue growth on March 27 and 28, 2024. The summit aims to bring together experts, policymakers, and stakeholders to devise strategies and explore innovative ways to strengthen government revenue streams, with the ultimate goal of addressing the critical need for sustainable revenue generation in the nation.
Mr. Okupe underscored the importance of harnessing Nigeria’s strengths in entertainment, sports, and the extractive mining industry for revenue generation, as these sectors offer significant potential for new income and economic growth.
In a related development, a survey conducted by YouthHub Africa in collaboration with Actionaid has revealed that a significant number of residents within the Federal Capital Territory (FCT) are unaware of the government’s budget allocation for the provision of solar street lights and the construction of solid waste transfer stations. This lack of awareness highlights the need for improved communication and transparency regarding government expenditure and projects.
As Nigeria grapples with the critical need for sustainable revenue generation, it is clear that strategic efforts are essential to drive economic growth and alleviate the challenges posed by heavy national debt. By exploring new revenue streams and leveraging existing strengths in various sectors, Nigeria can pave the way for enhanced governance and sustained economic development in the future.
