The Nigerian government has approved a new reporting template for better accounting by revenue generating agencies of government.
Finance minister, Zainab Ahmed said the approval was given by the president.
This follows discrepancies in revenue remittances from the NNPC,which stalled the Federation Accounts Allocation Committee’s meeting several times last year.
Speaking at the opening ceremony of the workshop on revenue generation on Tuesday in Abuja, Zainab said;
“The reporting template has been an issue for quite sometime and I strongly supported members’ demand for a revised template that would provide in transparent manner on revenue generation.
“The demand of members was further reinforced by the request of NEC for a review and Mr President’s directives for a new template that would clearly report the revenue in a transparent and customer friendly manner”.
Government hopes the new template will allow for greater transparency in the county’s revenue generation process.