The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio, said on Monday the Federal Government has launched the Open Treasury Portal to ensure greater transparency in the government’s financial transactions.
Adio, who disclosed this on his Twitter handle @Waziriadio, with this latest move by the federal government, all the Ministries, Departments and Agencies (MDAs) are mandated to publish, on a daily basis, reports of payments in excess of N5million, monthly budget performance and other official financial dealings.
The publications, according to him, must be in line with the International Public Sector Accounting Standards.
He said: “With the launch of the Open Treasury Portal today by President Muhammadu Buhari, all MDAs are to publish the following: daily reports of payments from N5m; monthly budget performance; quarterly financial statements; and annual financial statements prepared in compliance with IPSAS.
“All the reports are to be published within stipulated deadlines on this portal: http://opentreasury.gov.ng. The portal will be open to and can be accessed by all.”
He said the Accountant General of the Federation, Ahmed Idris, would also publish on a daily basis inflows and outflows into the Treasury.
“President Muhammadu Buhari, who was represented at the event by the Minister of State for Niger Delta, Senator Omotayo Alasoadura, said ‘all those doing business with government should know that henceforth, all payments they receive will be made public.”
“He urged states and local government areas to key into this transparency initiative, which is line with the Open Government Partnership
“The open treasury portal was conceived and implemented by staff of the Office of the Accountant General, at no cost to the country,” Adio added.
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