FG Moves to Review Outdated Treasury, Accounting Documents

0
689
The Accountant General of the Federation (AGF), Mr. Ahmed Idris

The Federal Government of Nigeria on Thursday, September 9, 2020, said it has commenced a comprehensive review of treasury forms and other accounting source documents that are in use in all Federal Ministries, Department and Agencies (MDAs), in Nigeria.

The Accountant General of the Federation (AGF), Mr. Ahmed Idris, who disclosed this said that the contents of the treasury forms and other accounting source documents in use were no longer relevant and useful to drive the various public finance management reforms of the Federal Government, which are mostly ICT-driven.

He noted that the review was in the exercise of the mandate of the AGF under FR.107 (n) to issue officially approved forms bearing treasury numbers for use in all to ensure uniformity.

Ahmed had earlier inaugurated an inter-ministerial committee to handle the review.

He said the committee was expected to identify all treasury forms and accounting source documents presently in use and come up with new formats in line with the public finance reforms.

Suggested Read: The Need To Document Corporate Entrepreneurial Experiences For Future Studies

The committee will also recommend additions or deletions of the contents; assign relevant number systems to the treasury forms and review the documents in line with GIFMIS operations.

In a statement by the Director of Information, Press and Public Relations, Mr. Henshaw Ogubike – the AGF further stressed that in carrying out the assignment, the committee should be guided by the federal government’s quest for adoption of e-governance at all levels.

He also endeared them to note that the fact that all the public finance reforms initiatives being driven by the treasury are predicated on a full deployment of ICT solutions.

According to the AGF, a comprehensive review and update of these accounting source documents became imperative for an efficient and successful implementation of governments financial management reforms.

He reiterated the governments resolved to ensure a successful review of the documents and charged the committee to give the assignment all amount of seriousness it deserves and delivers on time.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.