Nasarawa govt trains financial officers on new budgeting template

From Esther Akaa, Lafia 

The Nasarawa State government has begun training of its financial personnel on application of the National Chart of Account (NCoA), to ensure a realistic annual budget for the state.

The state’s Commissioner for Finance, Budget and Planning, Mr Daniel Agyeno, while declaring the two-day training open on Tuesday in Lafia, said the training was aimed at equipping participants on how to harmonise all the variables in the budget, using the NCoA that would be in tandem with international standards.

Agyeno noted that the training  was vital due to need for the state to have a realistic budget, in view of the uncertainties in the financial inflow to the state.

“We want to stop doing things the old way; we want to do things the realistic way, in order to achieve results,” he said.

He, therefore, urged the participants to be attentive and  make maximum use of the opportunity to learn and apply the knowledge as the government was looking up to them for a more realistic and achievable budget.

In his remark, the state’s Accountant General, Mr Zakka Yakubu, said the training would enhance the budget performance as the budget would be more realistic.

He noted that the budget performance in the state had been very low due to the bogus size of the budget, in contrast to the reality of the resource.

Also speaking, the Permanent Secretary in the ministry, Mr Emmanuel Alidzi, said the training was for officers concerned with financial planning drawn from all Ministries, Departments and Agencies (MDAs) in the state.

According to him, the training will enable participants to be able to communicate effectively within and with the outside world in terms of financial planning.

He said that the world system had evolved a financial system to integrate all countries in such a way that you could access economic activities of every nation with the touch of a button.

“They have prepared a coding system where every item that you name according to that code is known everywhere,” he said.

Earlier, in his remark, Director of Budget in the ministry, Mr Peter Ataka, said the training would improve on the effectiveness of the budgeting process in the state.

He said that the delay and discrepancies often witnessed in monthly or quarterly returns would be addressed with the application of the NCoA template.

“At the end of the training, every participant is expected to know how to prepare budget using the NCoA template.

“Going forward, monthly report and budget performance reports from MDAs will be done electronically,” he said.

1 Comment

1 Comment

  1. Tyoshom

    September 13, 2022 at 11:05 pm

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