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<p>The Chairman of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC),<a target="_blank" href="http://gistreel.com/tag/Muhammed-Bello-Shehu"><strong> Muhammed Bello Shehu</strong></a>, has stated that traditional revenue generation methods alone will not be sufficient to drive Nigeria’s <a target="_blank" href="http://gistreel.com/tag/economic-growth"><strong>economic growth</strong></a>.</p>
<p>Speaking during a <strong>meeting with the National Space Research and Development Agency (NASDRA) at the Commission’s office in Abuja, Shehu emphasized the need for innovative approaches to revenue optimization.</strong></p>
<p>According to a statement by RMAFC spokesperson Maryam Umar Yusuf, the visit marked the launch of the Presidential Initiative on Revenue Optimization and Digitalization through Space Technology.</p>
<figure id="attachment_1149052" aria-describedby="caption-attachment-1149052" style="width: 950px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-1149052" alt="" width="950" height="629" data-lazy- src="https://toptechblitz.com.ng/wp-content/uploads/2025/01/Shehu-Bello.jpg"/><img decoding="async" class="size-full wp-image-1149052" src="https://toptechblitz.com.ng/wp-content/uploads/2025/01/Shehu-Bello.jpg" alt="" width="950" height="629" /><figcaption id="caption-attachment-1149052" class="wp-caption-text">Muhammed Bello Shehu</figcaption></figure>
<p>Shehu highlighted that economic recovery depends on discovering new revenue streams, stressing that President Bola Tinubu’s <em>Renewed Hope Agenda</em> can only be achieved by implementing modern, technology-driven revenue strategies.</p>
<p>“We are entering a new era where innovation, creativity, and collaboration fuel economic growth. Traditional revenue sources are not only outdated but also insufficient to meet the evolving needs of our nation,” he stated.</p>
<p>He called for a strategic, technology-driven approach to revenue mobilization, emphasizing that efficient collection, accountability, and proper utilization of revenue are essential for national development. According to him, optimizing revenue sources is not just a necessity but a collective responsibility for all stakeholders.</p>
<p>“<em>We are on the verge of writing a new chapter in Nigeria’s leadership. The commitment of stakeholders gathered here is crucial to enhancing revenue collection and utilization—this is a task we must accomplish for our country,”</em> Shehu added.</p>
<p>Meanwhile, NASDRA Director-General Matthew Olumide Adepoju underscored the potential of space technology in revenue generation. He noted that through advancements in artificial intelligence, robotics, and space innovation, Nigeria could generate up to $50 billion annually while also bolstering national security.</p>
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<p><a href="https://www.gistreel.com/fg-explores-new-revenue-streams-to-boost-economy/" previewlistener="true">Source link </a></p>

