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FG advises finance managers on prudence | The Guardian Nigeria News

Finance Minister Zainab Ahmed has called on the country’s financial managers to be careful, transparent and efficient with scarce resources due to the COVID-19 pandemic.

Represented by the Minister of State, Budget and National Planning, Prince Clem Agba, at a three-day 4th National Treasury Workshop, organized yesterday by the Office of the Accountant General of the Federation in Uyo, she said that financial managers should do better and more devise effective administrative plans that would inform subordinates of lack of funds.

She said the federal government had spent ND 2.3 trillion as a stimulus package to cushion the effects of the COVID-19 pandemic.
With the theme “COVID-19 and the global economy: implications for Nigeria’s national treasury”, the minister noted that the workshop would examine policies and measures to enhance the economic recovery from the COVID-19 pandemic.

“Despite the impact of COVID-19 and declining oil revenues, our strategy has been to expand government activities to cushion the impact of the pandemic with the Federal Government of Nigeria’s total estimated stimulus package of N2.3 trillion.”

Earlier in his welcoming address, the Federation’s Auditor General Alhaji Ahmed Idris said the workshop would provide a financial shock absorber for the government to deal with any financial challenges posed by a pandemic.

Idris said the workshop would further educate government financial managers on how to manage cash flows within fiscal, monetary and regulatory limits.

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