News

December 5, 2010

Experts identify tools for good governance

By Laja Thomas
LAGOS—In order to overcome poverty and promote infrastructural development, state governments in Nigeria have been advised to strengthen their revenue generation and to some extent, fiduciary risk mitigation in order to achieve good governance.

This was stated by Mr. Sina Fagbenro-Byron, South-West Regional Coordinator, Department for International Development, DFID, an arm of the British Government at a workshop tagged, South-West Economic Forum on Internal Generated Revenue, held in Lagos, weekend.

Mr. Fagbenro-Bryon said: “The objectives of the workshop are to identify strategic ministries, Departments and Agencies, MDAs, for internal revenue generation within the government system in the various states; examine their potentials or capacity for income generation; establish their current status with reference to IGR generation in their respective states.

“Given their current status, determine their present challenges that affect their optimal performances; produce a draft report for presentation at the economic forum of the stakeholders, among others.”