Very successful implementation of public financial management reforms ― AGF

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The Accountant General of the Federation (AGF), Mr. Ahmed Idris, reiterated his commitment to the implementation of various public finance management reform initiatives initiated since 2015.

These include the Integrated Government Financial and Management Information System (GIFMIS), the Treasury Single Account (TSA), the Integrated Personnel Payroll Information System (IPPIS), and the International Accounting Standards of the public sector (IPSAS).

Mr. Idris gave the assurance to Abuja during his inauguration and inauguration as 1st President (Post Chartered) and Chairman of the Board of the Chartered Institute of Treasury Management (CITM), which was held on Thursday, the minister applauded of Finance, Budget and National Planning, Dr. Zainab Ahmed, along with other supporters, enjoyed achieving the feats.

He said: “One of my statutory duties as Accountant General of the Federation and Head of the Federal Treasury centers on the overall management of Federal Government receipts and payments and the maintenance and operations of the Federal Account. Federation.

“The above mandate effectively covers the simple definition of cash management as the management of an entity’s liquidity and the mitigation of its operational, financial and reputational risks, including the activities of collection, disbursement, investment and financing of the entity.

“What we do, day in and day out, at the Office of the Federation Accountant General, is hands-on cash management at its finest!”

According to him, “Since July 2015, when I was graciously appointed Accountant General of the Federation by His Excellency, President Muhammadu Buhari, GCFR, my team and I were determined to inject a lot of atmosphere into the many reforms of public financial management initiatives undertaken by the Office of the Accountant General of the Federation, and even went ahead to introduce or recommend new ones.

“The main objective of the PFM reforms is to ensure the maintenance of a stable financial position of the federal government which would result in the efficient delivery of public goods and services in a transparent and accountable manner.

“It is common knowledge that the current administration of His Excellency, President Muhammadu Buhari, GCFR has shown very strong will and commitment in its drive to manage scarce resources for the public good.

“May I however say, in all modesty, that we have been very successful with the PFM reforms; although we are aware of some implementation challenges that are not insurmountable. Our wish is to take the reforms to the next level to achieve maximum benefits and effectively sustain the gains of the reforms,” AGF noted.

While agreeing to run the affairs of the Institute, Dr. Idris said the extraordinary diligence and tenacity of the Founding Fathers paid off with the passage and assent of the Chartered Institute Act 2021. of Treasury Management (Establishment), which has been duly published in the Official Gazette. on January 4, 2022 as Government Notice No. 1.

“I wish to state that I humbly accept this honor and express my willingness and commitment to serve as President and Chairman of the Board of the Chartered Institute of Treasury Management (CITM).”

In his address, the CITM Registrar, Mr. Olumide Adedoyin, reiterated the Institute’s desire to institutionalize preventive mechanisms in Treasury management as measures against fraud, embezzlement and embezzlement and to manage them properly by well-trained and articulate professionals.

To achieve this, he emphasized the importance of promoting, studying and practicing good treasury management as a safeguard against outright embezzlement, emasculation, misuse of scarce resources placed under the custody of fund managers.

“Ours is the effective coordination of the flow of service benefits from all finance professionals working in any organization for the optimal delivery of financial services to every organization in the public and private sectors of our country’s economy. “

To achieve the set objectives, Mr. Adedoyin stressed the need to leverage the experience of those who are already on the ground and who occupy different financial positions within government officials and the private sector, supported by initiatives from of our in-depth and continuous research in the fields of our recognized expertise. and approved expertise, we intend to promote proper accountability, transparency and prudence in the management of treasury resources in all sectors of this nation’s economy.

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