National News

FG Considers Specific Approach To Financial Reforms

The Federal Government on Monday rejected the expressed view of a generalised approach for financial reforms in Nigeria stressing that it would rather consider specific measures towards reforming the countries financial management system.

The Accountant-General of the Federation,
Ahmed Idris, made this announcement while playing host to the Partners of Ernst & Young in his office led by the Advisory Leader, West Africa, Ben Afudego.

Ahmed lauded this consulting firm and further stated that his office is opened to value addition with the firm but advised against a generalised approach.

The PUNCH had reported that in a statement issues in Abuja by the OAGF spokesperson, Henshaw Ogubike, he said, “The OAGF does not want a generalised approach; we want specifics. No more talking and meeting, we want to achieve results.”

Further reacting, Idris, whose office anchored the financial management reforms noted that there success is hinged on implementation of result-oriented ideas.

He called on concerned stakeholders and other major players that could add value to the government’s effort to come forth and as well advocated for a collaboration between treasury departments and EY consulting to help governor achieve the reforms with the application of technology.

Idris said, “As much as we want improvements in our system and value addition, we don’t want generalised approach; we want specific approach. Come up with specific things you can do to add value, we want results.”

In response, Ben Afudego assures that EY Consulting would work with the OAGF in areas of continuous process improvement, data analytics, revenue protection and improvement, asset tracking and monitoring, among others.

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