These objectives require an overhaul of the financial management approaches adopted to meet financial obligations on time and ensure that cost effective financial support is provided to public institutions
Browsing: Kemi Adeosun
According to the statement, Adeosun said this at a meeting with stakeholders on Public Private Partnership.
She said decades of underinvestment and poor maintenance have left Nigeria’s infrastructure in bad shape, thus PPP was the best way to correct this
Adeosun, who was represented by the Permanent Secretary of the Ministry of Finance, Mahmoud Isa-Dutse, announced this while addressing newsmen on the outcome of the Federation Accounts Allocation Committee meeting
According to the minister, the Terms of Reference of the committee include a critical review of the draft Insurance Consolidated Bill to make it a framework or principle-based legislation
Adeosun, who addressed journalists alongside the Minister of Information and Culture, Alhaji Lai Mohammed, said the need for ministers to take personal charge of ensuring that leakages are plugged formed the major discussion at the meeting presided over by President Muhammadu Buhari
Adeosun announced this when she addressed newsmen on the outcome of the Federation Accounts Allocation Committee meeting in Abuja
The Finance minister, who noted that measures had been put in place to compel revenue generating MDAs to remit all funds they generated to the treasury, said: “The era when an agency generates money and spends 99 per cent of it is over.”
The circular is aimed at compelling Boards and Agencies, which currently operate outside of budgetary control, to comply with the law
Adeosun said N6.3 billion was refunded to the federation by Nigerian National Petroleum Corporation and was also proposed for sharing
Adeosun spoke at the inauguration of the Capital Market Master Plan Implementation Council, National Investor Protection Fund and the launch of Corporate Governance Scorecard for quoted companies
Shortly after the meeting, the minister received the handing over note from the Director of International Economic Relations Department, Haruna Mohammed, at about 4:45pm
Running through the list of your nominees as ministers of the Federal Republic of Nigeria, as being forwarded to the National Assembly for screening and confirmation, we and other concerned Nigerians, can not and must not pretend to be comfortable with some names prominent among which is that of Mrs. Kemi Adeosun, the former Finance Commissioner in Ogun State of Nigeria, hence this petition
According to a report monitored on Bloomberg, financial analysts, including Bismarck Rewane, Chief Executive Officer of the Financial Derivatives Co, have tipped Adeosun for the Ministry of Finanace