General

Sokoto Government set to migrate to IPSAS

The Sokoto state Government has set up a road map in line with the Global best practice, for the full implementation of the International Public Sector Accounting Standards known as (IPSAS) for private and public sector in the state

The State Commissioner of Finance, Mr Abdussamad Dasuki, stated this while speaking at a sensitization excercise organised for accounting officers and other stakeholders in Sokoto.

Mr Dasuki said the state had developed a comprehensive and standardized accounting procedures where ministries are coded according to their functions to eased implementation of the new accounting system.

The new Accounting procedure is an integrated budget and accounting classification system which has been prepared primarily for the adoption of the state new accounting system that is IPSAS compliant. The Commissioner said.

He commended the speaker Sokoto State House of Assembly, Honourable Aminu Manya Achida, for his cooperation and support to the State Governor, Aminu Waziri Tambuwal.

He said the speed with which the state 2020 budget was passed by the state legislatures was highly appreciative and commendable.

He pointed that his Ministry had since his assumption of office maintained a higher level sense of discipline and excellent Accounting procedure with a view to ensure transparency and sanity of it’s financial records

The Commissioner called on the stakeholders to work towards the success of the new system introduced by the state government.

In his remarks, the Sokoto State Accountant General, Mr Umar Ahamad Tambuwal, said preparation and implementation of budget is all inclusive and participatory as such all stakeholders should be involved in it’s preparations.

Mr Tambuwal told the gathering that, the implementation of IPSAS would build confidence in the minds of donor Agencies as well as lenders to the state Government.

According to him, IPSAS would also enhanced public private partnership as well as leverage the state economy and improved service delivery through holistic reportage of government financial transactions.

Also in his remarks, the State Head of Service, Dr Buhari Bello Kware, cautioned public officers against digressing from the path of the new accounting procedure.

Dr Bello urged accounting officers to be alive to their responsibilities as the state Government would soon commenced past tracking it’s budgetary provisions and expenditures incurred and those found wanting would have themselves to blame.

The Head of Service called on civil servants in the state to ensure strict compliance with the new accounting system introduced by the state Government.

Source: Voice of Nigeria