New automated system sees govt revenue from MDAs surge by massive 442%

Nigeria’s government-owned enterprises, ministries, departments, and agencies (MDAs) witnessed a significant boost in revenue collection, remitting a staggering N835.7 billion to the federal government in February 2024.

This figure, disclosed by the Minister of Finance, Budget and National Planning, Wale Edun, represents a remarkable 441.78% increase compared to the N154.25 billion remitted in February 2023.

The minister stated this during a presentation titled “Reconstructing the Economy for Growth, Investment and Climate Resilience Development,” delivered at the Lagos Business School Breakfast Club, on Friday.