Financial Mgt: ADSC Seeks Adherence To Global Best Standards

The Executive Director, African Development Studies Center (ADSC), Mr Victor Walsh Oluwafemi, has called for strict adherence to international standards of public financial management to uphold public trust.

Oluwafemi made the call at the opening of the National Workshop on Current Trends in Public Sector Accounting and Auditing in Abuja on Monday.

“Our aim is to ensure that our financial management systems are up-to-date with current trends and best practices and adhere to international standards.

“By staying informed and adopting innovative practices, we can significantly enhance the 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 and transparency are the cornerstones of our governance,” he said.

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

He commended a member of the House of Representatives and chairman of the House Committee on Public Accounts, Bamidele Salam, and the Office of the Auditor General of the Federation for their continuous support and collaboration.

Oluwafemi called for stakeholder partnership, saying that the ADSC was dedicated to providing high-quality training and consultancy services.

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