By: Aisha Mohammed
Public Financial Experts says Financial Instructions, meant to clarify Government policies in Public Financial Management are tools to manage risk in Public Financial systems.
They made the assertion at the Adamawa State review of Financial Instructions Validation workshop organized by State2State in Yola Adamawa State.
One of the Consultants at the validation meeting, Chinedu Eze said the Financial Instructions form part of the reform agenda contained in the Public Financial Management Reform Roadmap and Plan.
Eze added that they are a major Government policy initiatives intended to ensure that Government maintains a sustainable fiscal position, effective resources allocation, public goods and services are delivered efficiently.
On his part, Ismail Adeleye who is also a consultant and a resource person at the validation workshop said the Financial Instructions guard Government’s finances and other resources to be used in a controlled and transparent fashion, adding that Government officials are accountable for the use of those public resources.
Adeleye added that the Instructions are produced for each major element of public financial management and set out in details on the Government’s legal framework and financial management systems, together with financial management principles, policies and procedures to be followed by government departments and agencies.
The Consultants therefore stressed the need for government officials at the Adamawa State financial sectors to take ownership of the validated documents for effective service delivery.
Explaining the rationale behind the Adamawa State review of Financial Instructions Validation workshop, Adamawa State Team Lead, Suzanne Myada, represented by the State2State Public Financial Management Specialist, Adamawa State, Allahdon Kenan said Adamawa State is still implementing the Financial Instructions of the defunct Gongola State which have never been reviewed or updated since the creation of Adamawa in 1991.
Myada added that, with the passage of new laws and several Public Financial Management reforms in the state, there is the need to review and revise the Financial Instructions.
The Adamawa State Team Lead for State2State, Suzanne Myada, said the major objective of this intervention is to work with the relevant Public Financial Management institutions in Adamawa State to review the current Financial Instructions, revise and update the same with the recent legal and regulatory changes in Public Financial Management for effective service delivery in the state.
