IMF Supports OAGF on Cash Management

The Accountant-General of the Federation, Mr. Ahmed  Idris has commended  the International Monetary Fund, IMF, for their interest and  continued support in developing better  public financial  Management  practice in Nigeria.

Mr. Idris made this remark today at an interactive session between the management of the Office of the Accountant-General of the Federation (OAGF) and a team from the IMF, who were at the Treasury on Technical Assistance Mission, aimed at strengthening Cash flow forecasting and Cash Management.

AGF noted that the mission has been very enriching and mutually beneficial for both the OAGF team, the IMF, saying that while the capacity and skills of the OAGF team have been enhanced in the area of cash management, cash forecasting and TSA, the IMF team on their part have equally gained a lot: learning from the unique experiences of Nigeria as a  developing economy  with its own challenges in the area of cash management and forecasting.

Speaking further, the Accountant-General assured of the commitment and determination of the Treasury, to do all within its  powers to religiously implement the recommendation and agreed timelines, promising to bring other issues to the appropriate authorities.

In a remark, the leader of the IMF Technical Team,  Mr. Amine Mati, a Senior Resident Economist, Africa Department, who gave a report of their activities these past ten (10) days expressed their  satisfaction with the  work being done by the Accountant-General and his team and urged them strengthen the Cash Management Unit.

While  delivering a vote of thanks,  Director Funds Department, Mr. Adeyemi   thanked the team for the Visit and reassured them of  the Treasury’s commitment to ensure a more efficient cash forecasting and management in the country.

Kenechukwu Offie (Mrs.)

Director Information (OAGF)

February 10th 2017