President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to transparency and accountability in public finance management, declaring that funds saved from the removal of fuel subsidy will be channelled into critical infrastructure, social safety nets, and targeted economic reforms.
The President gave the assurance in Abuja while declaring open the 2025 National Conference on Public Accounts and Fiscal Governance, themed Fiscal Governance in Nigeria: Charting a New Course for Transparency and Sustainable Development.
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Represented by the Minister of State for Finance, Dr. Doris Uzoka-Anite, the President emphasized the importance of transparency and accountability in public finance management, citing steps taken to digitise public finance systems through platforms such as the Integrated Payroll and Personnel Information System (IPPIS), the Government Integrated Financial Management Information System (GIFMIS), and the Open Treasury Portal.
These platforms, he stated, ensure that public funds are traceable, public officers are accountable, and the Nigerian people are empowered with information.
“Fiscal governance is the lifeblood of national development. Without accountability, transparency, and sound management of public resources, no nation can prosper, regardless of its natural wealth”
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The conference brought together key stakeholders, including the National Assembly, government agencies, civil society, and the private sector, to discuss ways to promote fiscal transparency, accountability, and sustainable development in Nigeria.
This gathering is a significant milestone in Nigeria’s pursuit of transparency, accountability, and sustainable development, providing a platform for stakeholders to discuss critical issues, share best practices, and chart a new course for fiscal governance in Nigeria.
By strengthening the role of the Public Accounts Committees and promoting transparency and accountability in government, the President’s administration demonstrates its commitment to fiscal discipline and responsible governance.
The conference is expected to yield actionable recommendations that will further promote fiscal transparency and accountability in Nigeria, ultimately contributing to the country’s national development.