It is…recommended that both the federal and state governments, including their Ministries, Departments and Agencies embrace accountability leveraging on both PEFA and ICAN Accountability Index. States should endeavour to implement accrual-based IPSAS and employ chartered accountants to help drive proper implementation.
It is through accountability that leadership can demonstrate to citizens and business partners that they do what they promise and can therefore be trusted. Citizens and businesses partners repose trust and confidence in any government that subjects itself to accountability. Lack of accountability and transparency in public finance management has stunted the growth and development in every sector of the economy of Nigeria. Multilateral agencies look up to accountability and transparency as yardsticks for dealing with government. To address this problem, the Institute of Chartered Accountants of Nigeria introduced the ICAN Accountability Index .
Lack of accountability and transparency in public finance management has stunted the growth and development in every sector of the economy of Nigeria. Multilateral agencies look up to accountability and transparency as yardsticks for dealing with government. To address this problem, the Institute of Chartered Accountants of Nigeria introduced the ICAN Accountability Index .
The assessment for 2017 and 2018 fiscal years were quite comprehensive and Kaduna State came first for both years. States that were at the bottom of the index may blame their performances on the non-provision of data/information required by the assessors. However multilateral agencies that partner with states…will see non-provision of data/information as the lack of accountability in public finance management.
Sometimes I wonder how we can translate seminars and conferences to real benefits. If the disgraced AGF was still in office, he could have been an expensive sought-after keynote speaker here only to have possibly made the fraud value to be (N80bn + x)