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From Uche Usim, Abuja
As Nigeria’s income tumbles, the Accountant General of the Federation, Dr. Oluwatoyin Madein, has assured of deepening financial reforms to plug wastes and make funds available for the government to operate.
She also reaffirmed her commitment to upholding and promoting the ideals of prudence, transparency and accountability in government financial transactions.
In a statement issued in Abuja by Bawa Mokwa, the Director (Press) at the Office of the Accountant General of the Federation, said the AGF will take requisite steps to permanently resolve observed and potential threats to the efficient and continuous implementation of all the financial management reforms initiative of the Federal Government.
“Madein explained that since assumption of office, she has undertaken an in-depth review of the financial reforms and will leverage on the outcome of the review to inject new ideas and strategies into the projects so that the gains so far recorded will be sustained.
“Recently, the OAGF had meticulous engagements with IPPIS Service providers, I can assure you that there has been great improvement in the operations of the payment platform. The review of other financial management policies is underway. The objective is to give the necessary revitalization to these policies to make them function optimally”, he explained.
Mokwa further quoted the AGF as pledging to sustain the practice of publishing the details of FAAC revenue distribution to the three tiers of government.
“She noted that publication of the revenue distribution will keep Nigerians abreast with the revenue generation and distribution effort of the Federal Government and also help them balance government performance with revenue inflows at all levels.
“A government can only thrive if the citizens are carried along in the management of public funds. Nigerian need to be aware of the inflows and expenditures. With this, they can compare revenue collected with the developments on grounds to ascertain whether the government is performing or not.
“She revealed that the 2022 revenue distribution figures were ready for publication, adding that this will be followed by the publication of the details of the revenue distribution so far made in 2023.
She explained that the seeming delay in publishing the 2022 figures was due to a number of factors including the overriding determination to institute appropriate and permanent mechanisms that will guarantee continuous publication of the revenue distribution”, Mokwa added.
