Financial Management: ADSC Urges Strict Adherence to Global Standards

Executive Director of the African Development Studies Center (ADSC), Victor Walsh Oluwafemi, has called for strict adherence to international standards of Public Financial Management to uphold public trust.

Speaking at the National Workshop on Current Trends in Public Sector Accounting and Auditing in Abuja yesterday, Oluwafemi emphasized the importance of staying informed and adopting innovative practices to enhance transparency and accountability in public sector financial management.

According to him, we aim to ensure that our financial management systems are up to date with current trends and best practices, adhering to international standards.

“By staying informed and adopting innovative practices, we can significantly, enhance transparency and accountability of our public sector financial management.

“This, in turn, will build public trust and contribute to our nation’s overall development and progress.

“Together, we can build a better Nigeria where public resources are managed with integrity and efficiency and accountability, where transparency will be the cornerstones of our governance.”

He urged participants to actively participate, share experiences, and collaborate with one another for success.

He commended Rep Bamidele Salam, Chairman of the House Committee on Public Accounts and the Auditor General’s Office for their continuous support and collaboration.

Oluwafemi called for stakeholders’ partnership saying that the ADSC is dedicated to providing high-quality training and consultancy services.

According to him, our collaboration with over 25 committees in the National Assembly and our track record of successful training.

He said that centre executives across Nigeria, West Africa, East Africa, and Southern Africa, with over 16,000 professionals trained so far, are testaments to the centre’s commitment to excellence.