Wednesday, 8th December 2021
<To guardian.ng
Search
Breaking News:

FG advises finance managers on prudence

By Inemesit Akpan-Nsoh, Uyo
24 November 2021   |   3:46 am
Minister of Finance, Zainab Ahmed, has called on finance managers in the country to be prudent, transparent and efficient in handling scarce resources occasioned by the COVID-19 pandemic.

Mrs. Zainab Ahmed, Honourable Minister of Finance, Budget and National Planning

Minister of Finance, Zainab Ahmed, has called on finance managers in the country to be prudent, transparent and efficient in handling scarce resources occasioned by 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 organised by the Office of the Accountant General of the Federation in Uyo, yesterday, she said financial managers should devise better and more effective administrative plans that would enlighten subordinates on funds paucity.

She said Federal Government had spent N2.3 trillion as stimulus package to cushion effects of the COVID-19 pandemic.
With the theme, “COVID-19 and the Global Economy: Implications on Nigeria’s National Treasury,” the minister noted that the workshop would examine policies and measures to enhance economic recovery from COVID-19 pandemic.

“In spite of the impact of COVID-19 and dwindling revenue from oil, our strategy was to expand government’s activities to cushion the effect of the pandemic with the total estimated stimulus package by the Federal Government of Nigeria of N2.3 trillion.”

Earlier in his welcome address, the Accountant General of the Federation, Alhaji Ahmed Idris, said the workshop would provide financial shock absorber for government to manage any pandemic-induced financial challenges.

Idris said the workshop would further enlighten finance managers in government on how to control cash flows within fiscal, monetary and legal limits.