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Budget implementation: House Committee gives AGF pass mark

By on September 26, 2013

The Chairman, House of Representatives Committee on Finance, Mr Abdulmumin Jibrin, on Wednesday in Abuja rated the office of the Accountant General of the Federation (AGF) fair on budget implementation.

“We have looked at the releases and performance of the office of the AGF and we won’t say it is excellent, but we will say that it is fair,’’ Jibrin said during the committee’s oversight visit to the office.

“We have had a very good interaction and we believe that the AGF is doing a good job; the committee will continue to support him so that the office can deliver better.

“Apart from asking you questions about your activities, we also have the responsibility to protect you.’’

Jibrin also asked the AGF to present a report on issues currently facing the Federal Account Allocation Committee (FAAC) to the House.

The News Agency of Nigeria (NAN) reports that FAAC meeting held twice in September without sharing any funds due to disagreements in revenue sharing between states and Federal Government.

Earlier, the Accountant General of the Federation (AGF), Mr Jonah Otunla, said it was unnecessary for the AGF’s office to be divided into two as proposed by the National Assembly.

“I have noted that there is a proposal to split the AGF’s office into two namely: the office of the Accountant General of the Federation and the office of the Accountant General of the Federal Republic of Nigeria.

“The creation of two offices from the present office of the Accountant General of the Federation is not only unnecessary, but also preposterous and against international best practices.

“The present institutional arrangement is adequate to address whatever fears or concerns states may have on the equitable distribution of allocations,’’ he said.

He said the office was working to implement the International Public Sector Accounting Standards and Government Integrated Financial Management Information System (GIFMIS) in the treasury to enhance accountability and transparency.

“With GIFMIS, once we have agreed to share the federation revenue for the month between the three tiers of government, it can be done and within two hours, and all tiers will receive their money,’’ he said. (NAN)