The Senate has expressed worry over the failure of agencies to remit revenues into the purse of the Federal Government.
It also challenged the Office of the Accountant General of the Federation to develop modern software that would enable government monitor revenues as they were being paid into the federation accounts every minute.
The red chamber noted with concerns that out of the 300 revenue-generating agencies; only about 60 were being monitored by the Office of the Accountant General of the Federation.
Members of the Senate Committee on Finance expressed the concern when the Accountant General of the Federation, Ahmed Idris, appeared before them to defend his 2021 budget proposals.
Chairman of the Committee, Solomon Adeola, had sought to know how AGF office was monitoring funds generated by the ministries, department and agencies of the Federal Government. Responding, the AGF said, “There is no mechanism through which we monitor revenues of MDAs.
“We are trying to come up with something to that effect. As far as TSA is concerned, all revenues coming in, we have access to them. “I agree that there is need for us to take advantage of digitalisation and know all the revenues coming into the government confers.