In 2017: 36 states borrowed N2trn above generated revenue

Finance Min. tasks staff on treasury reform

The Minister of Finance Zainab Shamsuna Ahmed, tasked treasury directors of finance and accounts and directors of internal revenue on treasury reform. 

Finance Min. tasks staff on treasury reform 
By Abdulyassar Abdulhamid 

The minister made the observation on Thursday at the opening ceremony for 2020 Management Retreat organized by Office of the Accountant-General of Federation, Ministry of Finance, Budget and Planning at Bristol Hotel, Kano.

The retreat themed “Global Best Practice in 21st Century Treasury Management” aimed at reviewing the progress so far achieved by the sector on treasury reform and examinig the challenges facedit faces.
Zainab urged the directors to put the training, experiences and skills they have acquired to help the Federal Government in managing the limited resources it has; and in cutting down unnecessary expenditure.
Zainab said: “Let tell our selves the truth and really help the current administration in putting the economy on the path of growth, especially as the country is facing a very difficult situation.”
The minister also reminded the participants of the cardinal objectives of the Buhari administration, saying that the administration has welfare of the citizens, economic growth and fight against corruption as its cardinal objectives.
He added that the Buhari administration has strongly demonstrated political will to ensure accountability and transparency in all its dealings.
She added: “Stringent efforts have been made by the current adminstration to reposition the public financial sector to achieve the desired effectiveness and efficiency in managing scarce resources and enhancing the overall effectiveness for a value-deriven economy.”
The minister, however, called on the drivers of the economy to be exposed to the global best practices, adding that it was apt for the routine retreat to focus on directors of finance and accounts and directors internal revenue.
Welcoming the participants, the Accountant-General of Federation, Ahmad Idris, said the 2020 Management Retreat, would enable the directors to brainstorm for public treasury reform.
Idris urged the participants to be the change agents in positioning the treasury for greater height and improving service delivery.
Idris said: “The objective of this retreat is, among others, to review the progress achieved so far in the implementation of all financial management reforms we have started with specific emphasis on challenges and examining the way forward thereby making them realize the objectives for which we set out to implement.”
In his remarks, the facilitator of retreat, J.K. Naiyeju urged the office of the Accountant-General of the federation to take stock of where the treasury was and is at the present and where it is going to for years to come, saying that that was only possible when the directors become active participants.

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