The Federal Government FG, has reiterated its dedication to fiscal discipline and economic sustainability through the implementation of the Revised Cash Management Policy and Bottom-Up Cash Planning approach.
Speaking at a stakeholder review meeting in Abuja, the Minister of State for Finance, Doris Uzoka-Anite, described the policy as “a milestone in the journey towards sound financial management and sustainable economic development.”
She noted that since its introduction in 2024, the policy has significantly improved budget execution by ensuring that funds are allocated and used in accordance with the approved plans, while also facilitating timely implementation of projects.
The minister also stressed that the revised policy will enhance transparency and accountability by providing tighter controls and justification for funding requests, which will help curb financial mismanagement and protect public money.
Affirming the importance of data consistency across government institutions, she said accurate economic indicators and structural reforms, especially in agriculture, are essential to address inflationary pressures and ensure food security.
“We reaffirm our commitment to the effective use of public funds by adopting this policy, which is essential to advancing development programmes that have an impact and addressing the needs of our people,” she added.
Uzoka-Anite did concede that there are still issues, such as the drawn-out procedures of the policy and the requirement that certain Ministries, Departments, and Agencies acquire the knowledge and resources necessary for its execution.
To address these issues, she assured stakeholders that “the government is engaging in an open and constructive dialogue to identify areas for improvement and develop solutions.”
She gave stakeholders her word that “the government is engaging in an open and constructive dialogue to identify areas for improvement and develop solutions” in order to solve these problems.
She emphasised that a team effort is required to create a more open, accountable, and effective public finance management system and urged stakeholders to actively participate, exchange ideas, and offer workable solutions.
Uzoka-Anite expressed confidence that with sustained commitment and collaboration, the policy would contribute to a more stable and prosperous financial future for all Nigerians.
