AGF Vows to Eliminate Threats to Financial Reforms

James Emejo in Abuja

The Accountant General of the Federation (AGF), Dr. Oluwatoyin Madein, has reaffirmed her commitment to upholding and promoting the ideals of prudence, transparency and accountability in government financial transactions.

The AGF said she will take requisite steps to permanently resolve observed and potential threats to the efficient and continuous implementation of all the financial management reform initiatives of the federal government.

She also declared that a review of other financial management policies was underway, pointing out that the objective was to give the necessary revitalisation to these policies to make them function optimally.

Madein, in a statement issued by the Director of Press, Office of the AFG (OAGF), Mr. Bawa Mokwa, further explained that since assumption of office, she has undertaken an in-depth review of the financial reforms adding that she will leverage the outcome of the review to inject new ideas and strategies into the projects in order to sustain the gains so far recorded.

She said, “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.”

She said the OAGF will sustain the practice of publishing the details of FAAC revenue distribution to the three tiers of government, noting 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.

Madein said, “A government can only thrive if the citizens are carried along in the management of public funds. Nigerians 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 would 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 mechanism that will guarantee continuous publication of the revenue distribution.