Federal Government to Review Financial Management Policies and Ensure Smooth Implementation of Reforms
Abuja, September 15 - The Federal Government has taken the decision to review key financial management policies, including the Integrated Payroll and Personnel Information System (IPPIS) and the Government Integrated Financial Management System (GIFMIS), as part of its ongoing efforts to enhance efficiency. Addressing potential barriers to development, the government has also committed to providing a consistent flow of funds to Ministries, Departments, and Agencies (MDAs), as well as at the federal, state, and local levels.
In an official statement released by the Office of the Accountant General of the Federation (OAGF), Oluwatoyin Madein, the Accountant General, expressed her intent to promptly address challenges and permanently resolve any observed threats to the implementation of financial management reforms initiated by the government.
The Accountant General emphasized the importance of reviewing current policies in-depth to incorporate new ideas and strategies garnered from the analysis. Madein has been personally involved in conducting this review since assuming office, ensuring that the gains made thus far are sustained and built upon.
Furthermore, the OAGF recently engaged in meticulous consultations with IPPIS service providers, leading to notable improvements in the platform's operations. The review of other financial management policies is presently underway, with the objective of revitalizing and optimizing their functionality.
Through these reforms, the Federal Government aims to reinforce the efficiency of financial management systems and ensure a seamless implementation of initiatives. By streamlining policies and addressing potential obstacles, the government remains steadfast in its commitment to fostering development and progress across the nation.