Nigeria’s House of Representatives Committee on Public Accounts has revealed plans to host a National Conference On Public Accounts and Fiscal Governance in Abuja.
Chairman of the House Committee on Public Accounts, Bamidele Salam who made this known at a media briefing said that the high-level national conference will serve as a key component of the 10th House Legislative Agenda which is firmly committed to strengthening good governance as a foundation for sustainable national development.
According to Salam, the conference aims at closing the gaps in Nigeria’s audit system as available records from 2020/2021 Auditor General’s reports reveal that over a quarter-trillion Naira in public expenditures remain unaccounted for, with high incidents of unauthorized virements, growing numbers of audit queries each fiscal year and the reported cases of more than 60% of MDAs persistently failing to comply with financial regulations.
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The committee chairman noted that the conference aims to deliver targeted capacity development and skill-building sessions for Public Accounts Committees, Auditors, Financial Managers and Regulatory Officers across all tiers of government, with an emphasis on contemporary tools and practices for audit efficiency and oversight.
He expressed optimism that the conference themed “Fiscal governance in Nigeria: Charting a New Course for Transparency and Sustainable Development” will produce tangible outcomes which will be significant in reducing unaccounted expenditures from over 300 Billion naira to less than 1Billion naira in 2026.
(Editor: Anoyoyo Ogiagboviogie)
