By Seun Adams
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed the Federal Government’s unwavering commitment to achieving a robust and transparent financial management system, even as he assured of the full implementation of the 2024 budget.
The meeting became overarching because of the identified major gaps in the accounting systems and internal controls of various MDAs laying emphasis on the importance of blocking revenue leakages to strengthen national finances.
The Minister gave the assurance in his office in Abuja today, when he met with the House of Representatives Public Accounts Committee led by its Chairman, Bamidele Salam.
The discussion focused on fostering collaboration to enhance transparency and efficiency across the Ministries, Departments and Agencies (MDAs) of the Federal Government.
Key points from the Chairman’s address to the Minister include: – An update on numerous hearings with MDAs, addressing auditor reports and compliance issues.
The Chairman however identified major gaps in the accounting systems and internal controls of various MDAs laying emphasis on the importance of blocking revenue leakages to strengthen national finances.
Other areas of interest discussed include: A proposed structural reorganisation and training programs for auditors and the Chairman urged for accelerated implementation of the 2024 budget to ensure effective performance
With the collective efforts of the Federal Ministry of Finance and the Public Accounts Committee of the House of Representatives, Nigeria is poised towards achieving a robust and transparent financial management system, blocking revenue leakages and strengthening national finances.
Mr. Mohamed Manga, the Director of Communications and Public Affairs in the Ministry, said the collaborative move is a significant step towards ensuring effective performance and accountability in the management of public funds, thus ensuring a brighter future for all Nigerians.