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Economy

FG Promises Prudent Management of Nation’s Finances

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By Modupe Gbadeyanka

The federal government has said it would continue to implement the various reforms designed to ensure the prudent management of the nation’s finances.

The Accountant General of the Federation (AGF), Mr Ahmed Idris, made this promise when he held a meeting with the management of the Nigeria Civil Aviation Authority (NCAA) in Abuja.

According to him, the reforms have been yielding results, especially with the Treasury Single Account (TSA), Integrated Payroll and Personnel information system (IPPIS) and the International Public Sector Accounting Standards (IPSAS).

He further said, the federal government, in its avowed determination to entrench transparency, inaugurated the Open Treasury Portal (OTP) to give the public access to the revenues and expenditures of every agency of the government.

Mr Idris assured that the national government will continue to work hard and partner with different organisations to ensure accountability and transparency in governance.

He commended the NCAA for its activities so far and stressed the need for implementation of more ideas and strategies that will guarantee continuous safety in the aviation industry.,

“Of recent, you took some drastic measures to ensure safety, sanity and decorum.  It is a good thing and we want to see more of that, we want to see more safety measures taken in the industry,” the AGF said.

He described the aviation industry as a specialised and very technical sector that can only be regulated by professionals, noting that the leadership of the agency has displayed the ability to handle the task before them.

In his remarks, the Director-General of the NCAA, Mr Musa Nuhu, said the aviation industry is critical to the economy of any country and it is imperative that aviation regulations are complied with.

He commended the AGF for his financial management reforms and assured that the agency would not renege in its determination to ensure the continuous safety of the aviation industry.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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