Economy set to experience big boost, says HoS

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The Acting Head of Service of the Federation, Dr Folashade Yemi-Esan, on Friday, said that the restoration of the January to December budget cycle would boost the country’s economy.

She said this in Kano at the opening ceremony of the 2020 procurement retreat for Federal Permanent Secretaries, Accountant-General of  the Federation and Auditor-General of the Federation.

The retreat had the theme: ‘Procurement implementation in the new budget cycle.’

The acting HoS noted that the new budget cycle would ensure effective implementation.

She said in order for proper budgetary and accounting systems to ensure improved internal control, accountability and transparency, the permanent secretaries, accountant-general and the auditor general must be proactive and employ all necessary mechanisms towards seamless implementation of the budget of their respective ministries.

Esan added that the new budget cycle, besides encouraging the tracking of budget implementation, would also enable the private sector, as well as the country’s development partners, to easily align their plans, programmes and projects with the country’s new budget cycle, among other benefits.

She said, ‘’This of course will go a long way in employing the full participation of all stakeholders in the provision of critical amenities and infrastructure for Nigerians.

“Furthermore, it is of great essence for you to be fully abreast and involved in the procurement processes of agencies under your ministries.”

SourcePUNCH.

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