Nigeria’s public finance system needs paradigm shift -Ogunjimi

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By Christiana Ekpa

The Accountant-General of the Federation, Dr. Shamsudeen Babatunde Ogunjimi, has called for a paradigm shift in Nigeria’s public financial management system from delayed, post-mortem audits to proactive, real-time transparency backed by technology and institutional discipline.

Speaking at the 2025 National Conference on Public Accounts and Fiscal Governance organized by the Senate and House of Representatives Public Accounts Committees in Abuja, Ogunjimi stressed the urgent need to entrench accountability, fiscal prudence, and efficiency in the management of public resources, especially in light of Nigeria’s economic challenges.

He commended the Public Accounts Committees of both chambers of the National Assembly for organizing the event, describing it as a crucial platform for charting Nigeria’s path toward transparency, accountability and responsible governance.

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He noted that at the core of every functioning democracy lies the principle that those who manage public resources must be answerable to the people.

According to him, public institutions are not just bureaucratic structures, but stewards of fiscal discipline and custodians of public trust.

When Nigeria’s public financial systems function optimally, he said, they do more than balance books, but reflect the nation’s values of service, integrity and prudent decision-making.

Ogunjimi, however, acknowledged that the journey toward full transparency and accountability in Nigeria has been uneven.

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