The Chief Executive Officer of Modo Ante, Mr. Joko Okupe, has advised governments at all levels to generate more revenue for better governance and sustainable growth.

Okupe said there were several untapped potential for revenue growth in the country, adding that even existing revenue-generating entities could be enhanced to make new money.

He advised the government to utilise technology to enhance public service delivery and efficiency.

Okupe disclosed that “a summit on national revenue growth would hold on March 27 and 28, 2024 to seek ways of strategising for new streams of revenues for the government. It would be organized by Modo Ante, a pioneer governance, public sector and political consultancy firm.

He stated that “ the Tinubu’s administration inherited a heavy national debt of over N87.38 trillion as at the end of June 2023 which comprises domestic debt of N54.13 trillion and external debt of N33.25 trillion.”

‘’The resultant effect of this debt burden: low government liquidity, currency devaluation, high inflation rate increased prices of commodities and a sluggish economy.’’

He added: “The government revenue growth summit is to address the present critical need for sustainable revenue generation, by bringing together experts, policymakers, and all stakeholders to explore innovative ways that would bolster government revenue streams.

“ Nigeria need to leverage on her strength in entertainment, sports and extractive mining industry for revenue generation or new money.”