The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has mandated all Ministries, Departments, and Agencies (MDAs) to remit 100 per cent of their internally generated revenue (IGR) to the sub-recurrent account.
The sub-recurrent account is a sub-component of the Consolidated Revenue Fund (CRF), aimed at enhancing revenue generation, fiscal discipline and transparency in government spending.