The Nigerian Investment Promotion Commission (NIPC), released its report on the summary of internally generated revenue (IGR) between January 2016 and March 2021.
This was contained in a statement issued by the Commission’s Department of Strategic Communications on Thursday.
The statement said: “The amount Report internal transparency and compliance with the Generated Revenue And Consolidated Revenue Fund November 2016, the Commission has been subject to the remittance of 80%of its Operating Surplus to the CRF.
“As part of its commitment to better governance,https://www.nipc.gov.ng/wp-NIPC generated its highest income in 2018 (N5.59billion), a result of the back log impressive ranking, first attained in 2019, for the second successive year.
“The proactive compliance and transparency, NIPC makes quarterly proactive N5.36billion to the Consolidated Revenue Fund (CRF) from its internally from the lifting of the 2-year suspension on the administration of the Pioneer.
“The disclosure of material financial, legal, procurement, personnel and operational N1.93billion.
Award, NIPC was ranked 2nd out of the 213 MDAs evaluated, maintaining the from of 131 MDAs validate the hard work done by Management and staff.
“Nigerian Investment Promotion Commission has advised that it remitted the period covered by the report; NIPC’s average annual IGR over the period was following NIPC’s addition to the schedule to the Fiscal Responsibility Act in and 2020.
“NIPC’s ranking and the improvement from its 2016 ranking of 90th out payments since 2016 content/uploads/2021/06/Financial-Summary-and-Contribution-to-CRF-2016- Commission was the most consistent among the leading MDAs ranked in 2019 Status Incentive (PSI).
“PSI service charge accounted for 96% of NIPC’s IGR in can information.
Represents 46% of the total IGR of N11.61billion generated during the period. In the 2020 Freedom of Information Act (FOIA) Compliance and Transparency 2021-2021-06-01.”