FG to integrate financial reporting on federal projects
The Accountant General of the Federation, Shamseldeen Ogunjimi has revealed that plans are underway to digitally integrate accounting and financial reporting systems for all federal projects. Ogunjimi made the disclosure in Abuja yesterday at a retreat for federal Project Coordinators. He said the retreat will be addressing some critical aspects of the roles of the […]
shamseldeen babatunde ogunjimi
The Accountant General of the Federation, Shamseldeen Ogunjimi has revealed that plans are underway to digitally integrate accounting and financial reporting systems for all federal projects.
Ogunjimi made the disclosure in Abuja yesterday at a retreat for federal Project Coordinators.
He said the retreat will be addressing some critical aspects of the roles of the Federal Projects Financial Management in achieving Project Development Objectives.
“We shall explore innovative solutions and share best practices aimed at ensuring transparency, accountability and efficiency in the financial management of Federal Projects. We shall, among others, take a cursory look at the digital interface as I have approved to unify and integrate the accounting and reporting systems of all federal Projects with a view to providing real-time-online reporting to key Stakeholders.
“We are seeking partners to fund this initiative, including the Islamic Development Bank (IsDB) which we have already approached for support. We shall also look at the relationship between the Projects, FPFMD and the Office of the Auditor-General of the Federation. Not left behind in our discussions will be the Internal Audit function in Projects,” he explained.