• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Adeosun denies breaching fiscal responsibility act

Fikayo OwoeyebyFikayo Owoeye
5 years ago
in Business News
Powerful CBN: “Experts” React To Kemi Adeosun’s Comments

Kemi Adeosun, Minister of FInance

Share on FacebookShare on TwitterShare on Linkedin

The Minister of Finance, Mrs. Kemi Adeosun, said her ministry as well as the Office of the Accountant General of the Federation (OAGF) has always complied with the Fiscal Responsibility Act (FRA).

Adeosun, while reacting to rumours that her ministry  breached the FRA Act described as false the report that the Federal Ministry of Finance and the OAGF failed to adhere to the FRA.

The statement which was signed by her Special Adviser, Media and Communications, Oluyinka Akintunde, added:

“The minister wishes to unambiguously refute the entire misconceived report by the online medium and states that both the Federal Ministry of Finance and the OAGF have always complied with the Fiscal Responsibility Act (FRA) as required by Section 22 of the FRA.”

“The OAGF has always prepared a cash plan for payment on a daily and month basis as well as revised it periodically. Both cash payment plan and revised plan are presented to the Cash Management Committee presided over by the Minister of Finance.”

Members of the Cash Management Committee include: the Minister of State for Budget and National Planning, Accountant General of the Federation, Director-General of the Budget Office of the Federation, Director-General of the Debt Management Office, Director of Cash Management Department in the Federal Ministry of Finance, a representative of the Central Bank of Nigeria, and some support staff from the Ministry, OAGF and Budget Office.

“The minister further wishes to elucidate that the federal government’s cash payment platform, the Government Integrated Financial Management Information System (GIFMIS)makes it mandatory that a cash plan must be in place.”

“This implies that the cash plan must be prepared, reviewed and finalised on the GIFMIS before any disbursement could be made whether personnel, overheads or capital expenditure related.”

“The decisions on disbursement to projects are also taken and approved by the Cash Management Committee.” the release noted. 

Related

Tags: Fiscal Responsibility ActKemi AdeosunMinistry of FinanceOffice of the accountant General of the federation

Leave a Reply Cancel reply

hfm
UBA
Mega Millions
Mega Millions
fidelity banner
HFM







NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Market operators react as Tinubu set for monetary policy housecleaning
  • Bonds issuances increased by 502.4% in 5years
  • President Tinubu promises affordable electricity to all Nigerians

Follow us on social media:

Recent News

Market operators react as Tinubu set for monetary policy housecleaning

Market operators react as Tinubu set for monetary policy housecleaning

May 29, 2023
Bonds issuances increased by 502.4% in 5years

Bonds issuances increased by 502.4% in 5years

May 29, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up
  • Cart

© 2023 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In