Business - News - May 19, 2022

Accountant General’s Office seek new ways to strengthen reforms in public finance management

MEDIATRACNET

Managers of government finances must seek new ways to advance the reforms in Public Finance management, the Office of the Accountant General of the Federation (OAGF) has said.
The reforms are in line with the mandate of the Treasury of the Federation aimed at addressing possible lapses, strengthening the policies and consolidating the gains of the reform initiatives.
The OAGF stated this during a five-day retreat in Kano for auditors, accountants and other stakeholders to fashion out ways of reducing infractions in the financial system, inculcating the right attitude and entrenching accountability and transparency in managing public financial transactions.
The Retreat was on the theme, “Role of Auditors in Public Financial Management Reforms.”
Minister of Finance, Budget and National Planning, Zainab Ahmed, who declared the retreat open said the dwindling revenue profiles of the country called for more prudence in the management of available financial resources through efficient financial management reforms.
The retreat was attended by auditors, accountants and other stakeholders from Ministries, Departments and Agencies (MDAs) across the country.
Represented by the Permanent Secretary, Special Duties in the Finance Ministry, the Minister said it was imperative to devise better, more effective and robust administrative mechanism to reduce, if not eliminate waste and corrupt tendencies.
The Kano State Governor, Abdullahi Ganduje said internal auditors and accountants have crucial role in the successful implementation of the public financial management reforms.
Represented by the State Commissioner of Finance, Shehu Na-Allah Kura, Ganduje enumerated the concrete measures adopted by the Kano State Government to ensure that available funds were spent in accordance with relevant laws.
The Accountant General of the Federation, who was represented by the Director (Funds) in the OAGF, Mohammed Sabo, explained that the overall objective of the Retreat was to promote accountability and transparency in all facets of the country’s public finance management structure.
The retreat, which drew participants from all MDAs in the country, featured paper presentations and deliberations on diverse issues relating to accountability and transparency in the management of public finances.

Leave a Reply

Your email address will not be published.

Check Also

How CBN’s ACGS Fund impacts economy, cushions global crises on farmers

By Bassey Udo To promote the quest to attain food sufficiency in the country, the Federal …