Some of the targeted agencies include: the Federal Inland Revenue Services (FIRS), Nigeria Customs Service, Securities and Exchange Commission (SEC) and National Broadcasting Commission (NBC). Yet another justification is the expediency of putting an end to indolence in the management and operations of the agencies. The move is also aimed at ending poor revenue profits and hence, remittances to the Consolidated Revenue Fund Account. First, the targeted revenue generating agencies will, directly or indirectly, be conferred with financial autonomy or independence. They will also not be obliged to make any specific contributions from any targets to the Consolidated Revenue Fund Account.

Source: The Guardian September 16, 2020 03:56 UTC