IMF Supports OAGF on Cash Management

By AMOS DUNIA – Abuja

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

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

The AGF noted that the mission has been very enriching and mutually beneficial to both the OAGF team and IMF, adding 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 by learning from the unique experiences of Nigeria as a developing economy with its own challenges in the area of cash management and forecasting.

A statement by the Director of Information, OAGF Mrs. Kenechukwu Offie, said 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 just as he promised to bring other issues to the appropriate authorities.

In his 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.

In his closing remarks, the Director, Funds Department, Mr. Adeyemi thanked the team for the visit and assured them of the Treasury’s commitment to ensure a more efficient cash forecasting and management in the country.