FG Conducts Training for MDAs on 2024 Budget Preparation

The Federal Government has initiated a comprehensive training program in collaboration with the Budget Office of the Federation for personnel within Ministries, Departments, and Agencies (MDAs).
House of Assembly
House of Assemblytwitter

The training focuses on equipping them with the necessary skills to efficiently utilize the Government Integrated Financial Management Information System Budget Preparation Sub-System (GIFMIS/BPS) for the preparation of the 2024 budget.

This endeavor is driven by the aim to strengthen fiscal discipline and enhance accountability in the management of public funds. Furthermore, it is expected to streamline the process of preparing and submitting the 2024 budget to the National Assembly by October 2023.

Mr. Ben Akabueze, the Director General of the Budget Office of the Federation, disclosed these developments during a two-day training session held for the South-West region in Lagos.

Represented by Hajiya Hapsatu Momoh, Director of Revenue and Fiscal Policies within the Budget Office of the Federation (now incorporated into the Ministry of Planning and Economic Development), Mr. Akabueze emphasized the government's unwavering commitment to bolstering fiscal discipline and financial responsibility in the public sector.

He also stated: “The GIFMIS Budget Preparation Subsystem Training programme serves as a platform to equip us with the tools and knowledge required to facilitate our budgetary processes. This technology-driven system enhances our efficiency, minimizes bottlenecks, and enhances accountability.

“In the last four to five years we have been submitting the budget in good time.

“We hope to submit the 2024 budget by the end of October 2023.

“We are hoping that it works even though there is a new administration, we are still hoping that we meet up with that deadline so that the National Assembly will do thier own and the budget is passed within the year.

“The President Tinubu’s administration is firm in its commitment to fulfilling its promises to our citizens. Our focus therefore should remain steadfast on using the budget as a veritable tool for delivering government’s commitment to all Nigerians.”

Related Stories

No stories found.
Latest Lagos Local News - Lagoslocalnews.com