By Tony Obiechina Abuja
The Accountant General of the Federation (AGF), Mr Babatunde Ogunjimi has set new targets of performance for project coordinators in the financial management of projects under their purview.
According to the AGF, these targets and reforms are all geared towards helping them to execute their given mandates with a view to achieving “your various Projects’ Development Objectives (PDOs’).
Ogunjimi gave the charge in his remarks at the 2025 OAGF retreat for project coordinators in Abuja on Wednesday.
He said, “I seek your cooperation and support in achieving new targets of performance in the financial management of the Projects under your purview. These targets and reforms are all geared towards helping you to execute your given mandates aimed a achieving your various Projects’ Development Objectives (PDOs)”.
The AGF who was represented by the director of federal projects, Mr Joshua Luka, said, “I look forward to working closely with you through the Federal Project Financial Management Department in fostering unity and collaboration to move the nation forward”.
“We are all aware that we have been entrusted with not just Public Funds, but borrowed public funds which must be repaid in time, either in ours or that of our children”.
Ogunjimi further charged the coordinators that “it is a privilege that you have been chosen among the many Nigerians to safeguard the future of this great nation to manage the borrowed funds as represented by the over forty (50) Donor Funded Projects”.
He said the retreat will be addressing some critical aspects of the roles of the Federal Projects Financial Management in achieving Project Development Objectives, adding that “we shall explore innovative solutions and share best practices aimed at ensuring transparency, accountability and efficiency in the financial management of Federal Projects.
“We shall, among others, take a cursory look at the digital interface I have approved to unify and integrate the accounting and reporting systems of all federal Projects with a view to providing real-time-online reporting to key Stakeholders.
” We are seeking partners to fund this initiative, including the Islamic Development Bank (IsDB) which we have already approached for support. We shall also look at the relationship between the Projects, FPFMD and the Office of the Auditor-General of the Federation. Not left behind in our discussions will be the Internal Audit function in Projects”
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In his remarks, a senior financial management specialist at World Bank, Mr. Akram Elshorbagi urged the national coordinators to carefully study the digital interface for a better implementation of the government’s social safety net programmes.
He said the programmes won’t make the right impact is they are not properly executed.
