Finance Minister Kemi Adeosun Goes Tough on Nigerian State Govts

adeosunNigeria’s Finance Minister Kemi Adeosun, according to Vanguard, has stated that Nigerian state governments must publish their accounts publicly at the end of every fisical year.

“Fiscal discipline is a destination; we will continue to improve discipline on an ongoing basis,” she said, adding that similar reforms have been carried out at the federal level with success.

“Ghost workers which we prefer to call payroll clean-up has been very successful and the continuous audit unit at the FG level will continue to monitor and improve our efforts there,” she said.

The Minister pointed out that state governments play a key role in diversifying Nigeria’s economy.

“We see the states as strong partners in diversifying our economy away from oil and getting Nigeria working again. This is one of the key drivers behind the administration’s fiscal sustainability plan with states,” she said. “It is about improving accountability and transparency, increasing public revenue, effective expenditure, improving public financial management and managing debt sustainably.

According to her, this is true reform and it “starts with discipline and ends with diversification of our economy.”


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