AGF Tasks Universities on Transparent Management of Finances

Accountant General of The Federation, Ahmed Idris

By Tony Obiechina, Abuja 

The Accountant General of the Federation, Ahmed Idris has enjoined the leadership of Nigerian Universities to entrench the ideals of transparency, accountability and openness in the management of university finances. 

Idris, who gave the advice when the Association of Bursars of Nigerian Universities called on him in Abuja, noted that judicious management of finances have become imperative, particularly at present when revenue inflows is becoming a challenge.  

He also charged Nigerian Universities to be more innovative, more up and doing with regards to internally generated revenue as additional source of funding so that they won’t have to look up to the Government for revenue on all matters that require funding.

“The Government built the infrastructure, Government pays the overhead, Government pays the personnel cost.  There is need for reexamination and reappraisal of other sources of income for the universities and their judicious application for the good of the system’, he advised. 

On the ongoing Government financial reforms initiatives, Idris noted that the determination of the to entrench transparency, accountability and openness in the management of public finances informed the implementation of the ongoing financial management policies. He urged the universities to key fully into the vision of the government.  

He explained that based on his interaction with some members of the university community, there is an obvious gap of misunderstanding regarding some of these reforms and this knowledge gap has resulted in  the animosity towards these reforms initiatives.  

He tasked the Bursars, as managers of financial resources in Nigerian Universities, to undertake to enlighten and educate other employees of universities on the reform initiatives. 

The Accountant General commended the cordial relationship that has existed between the Treasury and the Association of Bursars of Nigerian Universities,  adding that the Treasury and the Association have been interacting at different levels and on various issues, all geared towards bringing about the best in terms of management of finances of Nigerian universities.

Speaking earlier, the Chairman of Association of Bursars of Nigerian Universities, Dr. Victor Imagbe said the essence of the visit was to appreciate the Accountant General of the Federation on the financial management reforms and the impact of the reforms on the system. 

Be the first to comment

Leave a Reply