The Federal Govt’s Consolidated Monetary Remark for 2022 has been not on time because of demanding situations in reconciling the Consolidated Income Capitaltreasury deposit commentary with the Central Cupboard of Nigeria.
This was once disclosed through the Accountant Normal of the Federation, Dr Oluwatoyin Madein, all through an oversight talk over with through the Area of Representatives Committee on Society Accounts to the Treasury Area in Abuja on January 8, 2024.
In keeping with a press commentary on Friday through Bawa Mokwa, the director of press on the Place of job of the Accountant Normal of the Federation, Madein mentioned that since her resumption of place of job in Might 2023, the Federal Govt’s Consolidated Monetary Statements have been ready and audited as much as December 31, 2019.
Within the commentary, she was once quoted as announcing, “In collaboration with the Auditor-Normal of the Federation, we now have ready and Audited 2020, 2021 CFS life 2022 is ongoing.
“It would have been completed but for problems we have regarding the reconciliation of Bank Statement for the Consolidated Revenue Fund with the Central Bank of Nigeria.”
The AGF additionally perceivable efforts to take on Nigeria’s income demanding situations via competitive income drives, which she mentioned had advanced investment for team of workers prices, overheads, and capital initiatives in 2024.
She famous that her place of job had proposed improvements to the Govt Built-in Monetary Control Data Machine and the Built-in Payroll and Team of workers Data Machine, aimed toward good monetary control, with the assistance of the Nationwide Meeting.
In reaction, the Chairman of the Area Committee on Society Accounts, Hon Bamidele Salam, recommended the AGF to expedite the submission of the 2022 Consolidated Monetary Remark as required through the 1999 Charter.
He additionally highlighted issues over low income remittances through government-owned enterprises, calling for stricter measures to restrain income leakages via automation and usual audits.
The AGF’s place of job pledged persisted efforts to support fiscal transparency and deal with income shortfalls.