Kemi Adeosun |
The Federal Government on Tuesday unveiled an accounting
software known as OneBook to ensure financial discipline among the three tiers
of government.
The Minister of Finance, Mrs. Kemi Adeosun, launched the
software in Abuja shortly before the commencement of the Federation Accounts
allocation Committee meeting, which was held at the headquarters of the
Ministry of Finance.
She said that the launch of the software became imperative
following the conversion of the financial system of the Federal Government from
the cash to accrual accounting system, adding that the software would help
restore confidence in the public financial management system.
Adeosun stated, “This is tailored to the public sector and
will save our states a lot of money, instead of them developing individual
solutions, and it is in tandem with our objectives to save money.
“It will make us more credit worthy to the international
agencies and it is a great achievement and the first for us in Nigeria.”
The Accountant General of the Federation, Alhaji Ahmed
Idris, who also spoke at the event, said the software was a solution to all the
accounting problems being faced in the public sector.
Idris said his office had endorsed the software for use in
the public sector, adding, “In view of its ability to change the capacity to
change the ride as regards IPSAS accrual, I recommend it strongly to the three
tiers of government.”
Meanwhile, a total sum of N429.12bn was allocated by the
FAAC committee to the three tiers of government for the month of February.
The amount represents a decline of N36.02bn from the
N465.14bn distributed in January.
Adeosun, who also addressed journalists after the meeting,
put the gross statutory revenue for February at N290.16bn, adding that this was
lower than the N324.99bn received in the previous month by N34.82bn.
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