The Next Edition
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
The Next Edition
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
Home Headline News

Buhari Orders AGF, MDAs To Publish Daily Financial Statements

Next Edition by Next Edition
December 9, 2019
in Headline News
No Date Yet For Reopening Of Nigeria’s Borders, President Buhari Insists
0
SHARES
1
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

President Muhammadu Buhari has directed the Accountant General of the Federation (AGF) to publish a daily statement that will provide information about what came into the national treasury and what went out every single day unfailingly.

The President, gave the order on Monday at the launch of the federal government financial transparency policy/open-treasury portal in Abuja.

You might also like

Media Laws: Information Minister Assures Nigerian Editors Of Cooperation

Ambassador Sarafa Tunji Isola To Chair 7th Penpushing Media Anniversary Lecture

APC Reinstates Kebbi Gov’s Aide Suspended For Bringing Snake To Gov’t House 

He was represented at the event by the Minister of State for Niger Delta Senator Donald Tayo Alasoadura.

According to Buhari, the order was part of his government’s committed to full implementation of the Freedom of Information Act 2014 so that government-held data-sets can be availed and used by the media and the public at large.

“All MDAs are required to promptly respond to additional requests for information beyond what is published,” the President said.

After Monday’s marching order the AGF and all Accounting Officers must now publish Daily Payments Reports. “With these reports, the Treasury will publish payments of at least 10 million naira while all MDAS must publish payments above 5 million naira made out of all public funds under their purview.”

The information President Buhari said “must include the MDA responsible, the beneficiary, the purpose and amount of each payment.
Accounting Officers are responsible for providing answers to any questions from the public relating to transactions completed by entities under their charge.”

In addition, “all MDAS must publish Monthly Budget Performance Reports. These reports must include performance of the budget by various dimensions including MDAs, functions and economic activities performed by all Federal Government Agencies. These reports must be ready within seven (7) days after the end of the month.”

READ ALSO: Court Invasion: Rein In Your Wild Dogs Of Disobedience, Soyinka To Buhari

The President also directed the AGF to “publish monthly Fiscal Accounts detailing fiscal performance of the Federation including receipts from all the collection agencies and payments out of the Federation Account. This must be done within 14 days after the end of the month.”

He said the AGF and all Accounting Officers of MDAs “must publish Quarterly Financial Statements for government as a whole and for individual MDAS respectively. These must be published within a month after the end of the quarter.”

The AGF equally must “publish Annual General Purpose Financial Statements while all public Sector entities are required to publish statements for their individual entities. These statements must be prepared following International Public Sector Accounting Standards and must be ready within a month after the end of the first quarter of the following year” the president directed.

Buhari stressed that “public officers should act in awareness of the reality that information about their fiduciary responsibilities and actions will be easily accessed by not only law enforcement agencies but also the general public.”

For contractors and other service providers to government agencies, the President urged them to “take note that any payment you receive from the public purse will be published. Ensure you collect public money for legitimate purposes for if not, it will not take long before it is known.”

This policy President Buhari said has to be implemented in order to achieve the following: cementing government commitment to improving governance and supplementing the recently launched Whistle-blower Policy and equipping the general population with the tools they need to report financial wrongdoing;

Facilitating the fight against corruption through partnership building, so that transparency is not only encouraged but also enforced at all levels because this policy is also aimed at enabling timely availability of financial information to the civil society organizations and the public at large by all MDAs of the Federal Government.

The policy also hopes to set the minimum requirements for financial transparency by all MDAs. “While full and complete disclosure should be encouraged, a minimum needs to be set to ensure that non-compliance can be established and addressed. I encourage MDAs to publish even more” the President urged.

To enable implementation of this policy, www.opentreasury.gov.ng was opened yesterday for all MDAs to publish all the information required by the policy and for immediate access by all Nigerians.

As of today, the rollout of the Government Integrated Financial Management Information System (GIFMIS) to over 800 Ministries, Departments, and Agencies (MDAS), has enabled government to build what it called “a rich repository of financial information about the affairs of the Federal Government. Within government, we know who is collecting what revenue and who is getting paid which money and for what purpose. This information is available online real-time,” the President said.

Tags: CorruptionFederal Government of NigeriaNIgeriaPresident Mohammadu Buhari
Next Edition

Next Edition

Recommended For You

Media Laws: Information Minister Assures Nigerian Editors Of Cooperation

Media Laws: Information Minister Assures Nigerian Editors Of Cooperation

The Minister of Information and National Orientation, Alhaji Mohammed Idris, has assured the Nigerian Guild of Editors (NGE) of cooperation in their quest to seek for harmonisation of...

Ambassador Sarafa Tunji Isola To Chair 7th Penpushing Media Anniversary Lecture

Ambassador Sarafa Tunji Isola To Chair 7th Penpushing Media Anniversary Lecture

  A former Nigerian Ambassador to United Kingdom, Ambassador Sarafa Tunji Isola has accepted the role of chairman at the 7th anniversary lecture of Penpushing Media, scheduled to...

APC Reinstates Kebbi Gov’s Aide Suspended For Bringing Snake To Gov’t House 

APC Reinstates Kebbi Gov’s Aide Suspended For Bringing Snake To Gov’t House 

    The All Progressives Congress (APC), Kebbi chapter has announced the reinstatement of Alhaji Kabir Sani-Giant, Special Adviser to Gov. Nasir Idris on Power and Politics.  ...

Udeme Ufot to chair QEDNGCreative Powerhouse Summit

Udeme Ufot to chair QEDNGCreative Powerhouse Summit

  Mighty Media Plus Network Limited, publishers of the online newspaper QEDNG, has announced Udeme Ufot as Chairman of the inaugural QEDNG Creative Powerhouse Summit.   Ufot is...

Next Post
Nigerians Paying Lip Service To The Fight Against Corruption— ICPC Boss

Nigerians Paying Lip Service To The Fight Against Corruption--- ICPC Boss




Related News

FRSC Patrol Teams To Use Body Cameras- FCT Sector Commander 

FRSC Patrol Teams To Use Body Cameras- FCT Sector Commander 

Jonathan Tasks Politicians On Unity, Love

Nigeria Can Be Peaceful, United If Leaders Value Every Section Of Nigeria – Jonathan

2017: The year of the underdogs

2017: The year of the underdogs




The Next Edition

Office Address

3B, Agboola Aina street, Off Toyin Street,
Ikeja, Lagos.

Quick Contact Details

Phone:
08033018430
Whatsapp:
08051679910

Email:
[email protected]
[email protected]

Categories

  • Aviation
  • Beauty
  • Breaking News
  • Business
  • Columnists
  • Editorial
  • Entertainment
  • Fashion
  • Featured
  • Football
  • Foreign
  • Headline News
  • Home & Garden
  • Interviews
  • Investigations
  • North Central
  • North East
  • North West
  • Opinion
  • Parenting
  • Politics
  • Relationships
  • South East
  • South West
  • South-South
  • Special Reports
  • Sports
  • Top News
  • Vox Pops

© Next Edition Business Development Limited

  • About Us
  • Advert Rate
  • Contact Us
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate

© Next Edition Business Development Limited