Close Menu
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
    • Life & Style
      • Crime
      • R&D Health
      • Diet and Fitness
      • Intimacy
  • Videos
  • About Us
    • Contact Us
Facebook X (Twitter) Instagram
Trending
  • NDDC backs security agencies, assures on development projects
  • Shell Nigeria Gas engages stakeholders on deepening gas distribution
  • Owa Obokun coronation: Tinubu seeks stronger ties with traditional rulers
  • Woman arrested for allegedly killing co-wife’s child
  • Atiku, Sambo visit Aregbesola ahead of Owa Obokun’s coronation + Video
  • Greener Future: Transcorp expands environmental initiative with donation of waste bins to schools
  • LOGIC Church unveils annual ‘Jesus + Nothing Conference’ with renowned speakers, music ministers
  • Governor lifts mining ban for 159 cleared operators
Facebook X (Twitter) Instagram
The Eagle OnlineThe Eagle Online
  • Home
  • News

    NDDC backs security agencies, assures on development projects

    May 23, 2025

    Owa Obokun coronation: Tinubu seeks stronger ties with traditional rulers

    May 23, 2025

    Greener Future: Transcorp expands environmental initiative with donation of waste bins to schools

    May 23, 2025

    Governor lifts mining ban for 159 cleared operators

    May 23, 2025

    Tinubu congratulates new Owa Obokun of Ijeshaland

    May 23, 2025
  • Sport

    Federation Cup: Giant-killers Abakaliki FC get eulogies

    May 23, 2025

    ITTF: Aruna bows out after tough Calderano clash

    May 23, 2025

    NSF Day 5: Bayelsa soars with 30 gold, 12 silver, 13 bronze + Medals table

    May 23, 2025

    NSF: Ogun Swimmer sets new festival benchmark

    May 22, 2025

    Amorim offers to quit if Man United board wants new boss

    May 22, 2025
  • Politics

    Atiku, Sambo visit Aregbesola ahead of Owa Obokun’s coronation + Video

    May 23, 2025

    Ex-agitator To Natasha: Enough of the distractions

    May 23, 2025

    Yahaya Bello distances self from purported 2027 rally

    May 23, 2025

    Governor to Appointees: Follow me to APC or resign

    May 23, 2025

    INEC adopts AI integration in election planning, administration

    May 22, 2025
  • Column

    Will Nigeria be as lucky as King Sunny Ade?, by Tunde Odesola

    May 23, 2025

    How Nigeria’s traditional medicine policy falters in the face of a healthcare crisis, by Oladoja M.O

    May 22, 2025

    Pope Leo XIV, President Tinubu, Babachir Lawal and Lessons from Rome, by Jude Ndukwe

    May 22, 2025

    Ishaq Oloyede’s cross, by Azu Ishiekwene

    May 22, 2025

    A word for Babachir Lawal, by Femi Fani-Kayode

    May 21, 2025
  • Business

    Shell Nigeria Gas engages stakeholders on deepening gas distribution

    May 23, 2025

    Fidelity Bank increases staff salaries

    May 23, 2025

    Otedola speaks on investing N320bn in First Bank, credits Tinubu, Cardoso reforms 

    May 22, 2025

    Shell sees bright future for Nigerian companies in offshore developments

    May 22, 2025

    Fidelity emerges fastest growing brand as value more than triples

    May 22, 2025
  • Entertainment
    1. Photos
    2. Fashion
    3. Movies
    4. Music
    5. Life & Style
      • Crime
      • R&D Health
      • Diet and Fitness
      • Intimacy
    Featured

    The royal bell, by Akeem Lasisi

    By Ganiyu MubarakMay 22, 2025 Life and Style 3 Mins Read
    Recent

    The royal bell, by Akeem Lasisi

    May 22, 2025

    Osun residents benefit from Fidelity Food Bank Initiative

    May 22, 2025

    Tade’s Dreamrun stirs children’s hearts towards their homes, parents, friends, by Michael Olatunbosun

    May 22, 2025
  • Videos

    Video: 2027: Alliance to have Atiku as president for one term, Obi as VP, to then run for presidency in 2031

    April 12, 2025

    APC Crisis: Why Tinubu demanded for Sanwo-Olu’s resignation

    April 10, 2025

    How Driver Of Gas-Bearing Truck Brought Misery To Many Under Otedola Bridge – Dotun Oladipo

    March 15, 2025

    Korra Obidi calls out ex-husband for failing to pay child support

    December 7, 2023

    2024 will be year of turbulence -Apostle Selman

    December 7, 2023
  • About Us
    • Contact Us
The Eagle OnlineThe Eagle Online
Home»News»Our new accounting manual will attract more investors — Lagos
News

Our new accounting manual will attract more investors — Lagos

The Eagle OnlineBy The Eagle OnlineMay 2, 2025No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Accounting Manual developed for use by all accountants employed by the Lagos State Government has been described as a document that will attract more investors to the state and further portray it as a business-minded and forward-thinking government.

This was asserted by top government functionaries during a five-day retreat organised for Directors and Heads of Finance and Accounts.

The officers, across all Ministries, Departments, and Agencies, gathered at Lakowe Golf Resort, Lagos.

The Chairman, Lagos State House of Assembly Committee on Finance, Hon. Femi Saheed, who represents Kosofe Constituency II, at the opening ceremony stated that once the final draft of the manual is approved and becomes operational, Lagos State will once again lead the way in public sector financial management among Nigerian states.

Saheed emphasised that the initiative aligns with globally accepted accounting standards and practices.

As a legislator, the Chairman noted that the ratification of the manual will also enhance the oversight functions of the House of Assembly, as it will provide a clear template for evaluating the financial performance of ministries and agencies.

  • NDDC backs security agencies, assures on development projects
  • Shell Nigeria Gas engages stakeholders on deepening gas distribution
  • Owa Obokun coronation: Tinubu seeks stronger ties with traditional rulers
  • Woman arrested for allegedly killing co-wife’s child
  • Atiku, Sambo visit Aregbesola ahead of Owa Obokun’s coronation + Video

He commended the State Accountant-General for recognising the need for the manual and organising the retreat, which allowed accountants to review their modules, rethink their strategies, and prepare more effectively for future tasks.

Hon. Saheed urged the accountants to adopt the manual as a key reference tool in their daily operations, highlighting its value in ensuring proper accounting and consistent financial reporting procedures.

Declaring the retreat open, the Commissioner for Finance, Abayomi Oluyomi, emphasised the dual significance of professional development and team bonding.

Represented by the Special Adviser to the Governor on Taxation and Revenue, Hon. Abdul-Kabir Opeyemi Ogungbo, the Commissioner described the retreat as a unique opportunity to reconnect, rejuvenate creativity, and reinforce teamwork among financial professionals.

Oluyomi noted that the theme of the retreat: “Excellence in Teamwork: Collaborating for Success in Public Sector Financial Management,” underscores the importance of working collaboratively and purposefully to strengthen the state’s financial systems.

The Commissioner also commended the commitment of Lagos State accountants, acknowledging their vital role in sustaining the government’s economic vision.

In his address, the Head of Service, Bode Agoro, encouraged participants to remain steadfast and dedicated to their roles, describing them as the pillars of the Lagos State Public Service. 

He emphasised the importance of hard work and perseverance, stating that the accountants are not just civil servants, but change makers who influence the future of the state.

Agoro lauded the State Accountant-General/Permanent Secretary, Dr. Abiodun Muritala, for his visionary leadership and mentorship, especially to accountants in the public service. 

He encouraged participants to consistently strive for excellence in their professional duties.

Earlier, Dr. Muritala reiterated that while updating the Accounting Manual is a central goal, the broader mission is to promote transparency, accountability, and best practices in financial governance. 

He noted that the retreat provides an opportunity for participants to contribute their expertise, exchange ideas, and build mutual trust to enhance teamwork and overall efficiency in service delivery.

Also speaking, the Engagement Leader for the Development of the new Lagos State Accounting Manual and a Consultant, Gbenga Olupetu, stated that the retreat offers stakeholders a platform to harmonise their perspectives and ensure the manual reflects the collective vision of finance managers and the state government.

Olupetu noted that the current accounting manual, which is over three decades old, has become obsolete given the evolution of accounting practices and reforms instituted by the Lagos State Government.

He affirmed that the new manual, once finalised, will provide immense value—ensuring uniformity in accounting processes, serving as a knowledge repository, and guiding accountants to better understand their mandates and functions as outlined by the state.

The event brought together key stakeholders in the public finance ecosystem, including the Special Adviser to the Governor on Internal Audit, Dr. Oyeyemi Ayoola, and several Permanent Secretaries.

Post Views: 89

Follow The Eagle Online Channel on WhatsApp

Hon. Femi Saheed Lagos State Government Lagos State House of Assembly Committee on Finance The Accounting Manual
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticlePhotos as Ooni of Ife visits Jonathan in Bayelsa home
Next Article NDDC to commission more projects for Tinubu’s second anniversary
The Eagle Online

Related Posts

NDDC backs security agencies, assures on development projects

May 23, 2025

Owa Obokun coronation: Tinubu seeks stronger ties with traditional rulers

May 23, 2025

Greener Future: Transcorp expands environmental initiative with donation of waste bins to schools

May 23, 2025
© 2025 All Rights Reserved. The Eagle Online.
  • Home
  • Privacy Policy
  • Advert Rates
  • Submit News
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.