FG, STATES, LGs SHARE N429.127 BILLION AS FEBRUARY 2017 ALLOCATION
The Federal Government, States and Local Government Councils have shared a total of N429.127 billion federal revenue generated for the month of February 2017. The N429.127 billion was lower than the N465.149 shared in January by N36.022 billion. Read More»
ADEOSUN CLARIFIES PARIS CLUB REFUND
The Minister of Finance has deemed it necessary to address the issue of Paris Club Refunds and wishes to assure the public that the Federal Government has consistently complied with all extant rules and regulations in the disbursement of the Paris Club refunds to State Governments. Read More»
FG LAUNCHES ACCOUNTING SOFTWARE TO ENHANCE ACCOUNTABILITY, FISCAL AND FINANCIAL DISCIPLINE
As part of ongoing measures to improve Public Financial Management across all levels of Government, the Federal Government has developed an IPSAS Compliant accounting software suite “OneBook”, aimed at enhancing efficiency, accountability, and transparency. Read More»
FINANCE MINISTER BROKERS RESOLUTION TO NAICOM/PENCOM DISPUTE OVER ANNUITY ASSETS
The Minister of Finance, Mrs. Kemi Adeosun, has intervened and brokered a resolution to the dispute between the National Pension Commission (PenCom) and the National Insurance Commission (NAICOM). Read More»
GHOST WORKERS: FINANCE MINISTER URGES CBN TO EXTEND BVN TO MICROFINANCE BANKS
The Minister of Finance, Mrs. Kemi Adeosun, has strongly solicited the cooperation of the Central Bank of Nigeria (CBN), in extending the requirement for Bank Verification Number (BVN) to account holders in Microfinance Banks (MFBs). Read More»
FG TRACKS ASSETS HELD BY MDAS, CREATES ASSETS REGISTER
The Federal Government has launched an Asset Tracking and Management Project (ATMProject), through which for the first time, the Government would be able to locate, identify, assess and evaluate all its moveable and immoveable assets. Read More»
APPROVAL OF THE REVISED NATIONAL TAX POLICY BY THE FEDERAL EXECUTIVE COUNCIL
OPEN DATA FOR AFRICA INITIATIVE
Link to Open Data For Africa Initiative External
- Written by Administrator2
Formulating fiscal policies.
Implementing fiscal policies.
Processing of Tariff matters.
Distribution of Revenue from the Federation Account.
Handling matters relating to African capacity Building foundation (ACBF) and the National capacity Building Programme.
Formulation and review of tax income and VAT rate policies.
Compilation and updating of the list of all companies that pay CIT and monitor such payment.
Settlement of income tax and VAT rate disputes. Answer: Fiscal Measures, Research and Statistics department.
Facilitating and monitoring the effective Implementation of World/IFAD assisted projects as well as the amortisation of the facilities. Answer: International Economic Delation Department (IER).
Participating in policy formulation, processing and negotiation of all IBRD, IDA, IFAD loan/credit and grants to Nigeria. Answer: International Economic Relation Department (IER).
Issurance of Annual Budget calls circulars to all Federal Ministries/Extra-Ministerial Departments. Answer: Expenditure Department.
Production of Green Book (Draft Budget). Answer: Expenditure Department.
Preparation and publication of Annual Report and Quarterly performance Report on the Economy. Answer: Economic Research and Policy Management.
Registration of Contractors. Answer: Administrative Department.
Budget Formulation, Preparation,Defence and Implementation. Answer:Expenditure Department (BOF).
Budget Monitoring and evaluation. Answer: Budget Monitoring and Evaluation Department (BME).
Managing the International Economic Relations of the country. Answer: International Economic Relations Department (IER).
Managing the country’s foreign and domestic debts. Answer: Debt Management Office (DMO).
Monitoring projects financed by Bilateral and Multilateral Institutions. Answer: International Economic Relations Department (IER).
Regulating the Capital Market. Answer: Securities and Exchange Commission (SEC)/Home Finance Department.
Regulating the activities of the Insurance Industry. Answer:National Insurance Commission (NAICOM) and Home Finance Department.
Resolving Capital Market disputes. Answer: Investment and Securities Tribunal (IST) and Securities and Exchange Commission (SEC)...
Collection of government revenue and formulation of tax Policy. Answer: Federal Inland Revenue Service (FIRS) and Revenue Department (BOF).
Processing and issuance of waivers. Answer: Fiscal Policy Department (BOF).
Approval of waivers. Answer: Mr. President.
Processing application for appointment of Consultants on revenue matters. Answer: Revenue Department.
Issuance of AIE. Answer: Expenditure Department to be cash-backed by Office of the Accountant General of the Federation (OAGF).
Monitoring Customs Revenue Collection and Remittance by designated Banks. Answer: Revenue Department.
What is the procedure a dissatisfied Customer to our services should do to get his problem solved ?.
Answer: First report to SERVICOM Department/Unit Nodal Officer in charge of the Service Window concerned, if not satisfactorily solved, he can now report to the Ministerial Nodal Officer, Federal Ministry of Finance (FMF) Abuja.
How can a customer lodge a complaint?.
What happens when a consumer complaint is received by Servicom Unit?.
Answer:The complaint is analyzed and investigated immediately. SERVICOM Unit reaches out to the service window complained against. If the Unit is satisfied that the service window acted contrary to the servicom work ethics, the unit takes appropriate action without delay.
Will SERVICOM Unit get back to the customer who lodged a complaint?.
Answer: Yes of course. In case where investigations are concluded in less than 48 hours, the complaint will be reached by phone or other wise he/she will be communicated in writing on the out come of the review within one week.
What issues can customers complain to SERVICOM Unit? .
Answer: These include the following among others: Non-chalant attitude towards providing services, poor services delivery, unauthorized collection demand of cost of services, demand of bribery, withholding of files without an genuine reasons(s), and other form of misconducts.
Is SERVICOM Unit a government agency?.
Answer: Yes. Servicom Unit is a full – fledged federal government’s Service Delivery initiative and Institutionalize service delivery principles to Nigerian public service.
Why the delay in payment of salaries?.
Answer:Release of funds for the Payment of Salaries/MDAs involves 3 agencies thus:
- Expenditure Department issues AI
- OAGF cash backs on availability of funds.
- CBN pays cash.
How can I know the allocation given to the three tiers of Government? Answer: You can find the answer on the Ministry’s website: http://www.fmf.gov.ng