Home Uncategorized Zero-based budgeting will block financial leakages, says Minister

Zero-based budgeting will block financial leakages, says Minister

0
0
36

The Minister of Budget and Planning, Senator Udoma Udo-Udoma said yesterday that the Federal Government’s plan for zero-based budgeting from next year would block all financial leakages and bring accountability into government spending.

Udo-Udoma said this at an event to commemorate the 2015 Evaluation year declared by the UN as well as the inauguration of the Association of Evaluators, Nigerian chapter.

He said that when adopted, the zero-based budgeting would help government to adopt a management framework on how to manage funds.

“Steps are being taken to review and update our long term strategic framework so that Nigeria can key into the 2015 sustainable development goals.

“We are embarking on the reformed budgeting /planning process by adopting the zero base budgeting policies driven approach for appropriating 2016 budget.

“Efforts are being made to block financial leakages through measures that include the operation of single treasury accounts to grow the size of government revenues especially from the non oil sources.

The Chief Planning, Monitoring and Evaluation, UNICEF Nigeria, Mr Dennis Jobin said the 2015 Monitoring and Evaluation Day was one of the tools for good governance.

He said that the group had a mandate to create awareness on immunising children from diseases.

“Each year more than four million children die of diseases such as polio, meningitis, yellow fever among others,’’ he said.

Speaker of House of Representatives Yakubu Dogara, said the commemoration of the day in Nigeria would promote nationalism and synergy between the federal government and other countries.

Load More Related Articles
Load More By John Mayaki
Load More In Uncategorized

Leave a Reply

Your email address will not be published.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

Check Also

Today not my birthday – John Mayaki

I woke up this morning to a flurry of messages from friends, associates, colleagues and a …