AGF Idris advocates evolution of strategies to manage pandemic -induced challenges

*Photo L-R: Permanent secretary (special duties) federal ministry of finance,
 budget and National planning Alhaji Aliyu Shinkafi, Accountant General of the 
federation Ahmed Idris Fcna, Deputy Governor of Akwa ibom state Dr Moses Ekpo 
and the minister of state , finance ,budget and National planning Mr Clem Agba at 
the opening ceremony of the 4 National 
Treasury workshop, Uyo Akwa ibom state.*

By Henshaw Ogubike

The Accountant General of the Federation, Ahmed Idris FCNA has called on managers of the 
country's economy, economic experts and critical stakeholders in the country's economy to
 come up with strategies and practices that could be deployed in the effective management
 of inevitable financial challenges such as that caused by the COVID-19 pandemic. 

Idris made the call at a two-day National Treasury Workshop, in Uyo, Akwa Ibom State
 with theme, "COVID-19 and the global economy, implications on the Nigerian national treasury".

 The workshop was meant to provide a forum for economic experts, officials of the Federal and
 State Governments, the academia and the private sector to brainstorm and come up with effective
 strategies for managing national economies in the face of pandemics and other global disasters. 

The Accountant General of the Federation maintained that the reality of the pains inflicted
 on the Nigerian economy and the national treasury by the COVID-19 pandemic has made it overtly
 imperative to fashion out ways to effectively manage the economy during pandemics and handle 
any pandemic-induced financial challenges. 

He tasked the economic experts and government officials to come up with viable ideas that
 will, among other things, help the country withstand financial shock caused by any pandemic
 and also help control aggregate cash flows within fiscal, monetary and legal limits to improve 
the management of critical government borrowings. 

Furthermore, he said ideas should be evolved that will help establish and sustain the
 consciousness of and accountability for public expenditure, efficient budget execution 
and resource allocation as well as effective public service delivery that accords value 
for money at all times. In his address at the Workshop, the Minister of State for Budget 
and National Planning, Prince Clem Agba noted that the dwindling revenue profile of the 
country and the attendant challenges on the cash flow occasioned by the COVID-19 pandemic 
called for prudent management of available resources and evolution of better, more effective 
and robust administrative mechanisms to resolve the revenue challenges. 

He made known that in an effort to mitigate the impact of the pandemic, prevent potentially
 deep recession and accelerate quick recovery of the economy, the Federal Government had 
developed three broad strategies namely, provision of economic stimulus packages, 
mobilisation of external support/funding and increased the Non-Oil revenue generation.

 He said as a result of these measures adopted by the government, health and economic 
data have continued to be on the positive trajectory despite the impact of the COVID-19 pandemic.

 Also speaking, the Governor of Akwa Ibom State, Mr. Udom Emmanuel commended the initiative of 
the Office of the Accountant General of the Federation in organising a workshop to look into 
ways and means of repositioning the Nigerian economy in a post COVID-19 era.

 He expressed optimism that the workshop will come up with ideas and approaches to stimulate
 and grow the Nigerian economy in a new world put forth by the COVID-19 pandemic. 
The fourth National Treasury Workshop, earlier scheduled to take place from Monday 18th to
 Wednesday 20th January 2021 was put off due to the rise in the COVID-19 cases as announced
 by the Presidential Steering Committee on COVID-19. 

*Henshaw Ogubike mnipr is Director (Information, Press and Public Relations), 


Leave a Reply

Your email address will not be published. Required fields are marked *