Category: Finance

GOVERNOR OYETOLA ALLIGNS WITH INTERNATIONAL BEST PRACTICES ON FINANCIAL MANAGEMENT

The Governor of the State of Osun Mr. Adegboyega Oyetola has been described as a prudent Governor for upholding and strengthing Reforms in Public Financial Management in the State of Osun.The good news was broken by the State Project Coordinator, State and Local Governance Reform SLOGOR Project, Mr Yemi Ijidele while fielding questions on SLOGOR’s achievements from journalists in his office.The Project Coordinator highlighted the achievements of Mr. Governor under European Union and World Bank assisted State and Local Governance Reform (SLOGOR) Project andapplauded the people’s Governor, Mr. Adegboyega Oyetola for ensuring passage of Financial Legislations which among others includes:State Audited Bill, passed into law in 2018 and public Financial management Bill, passed into law in the year 2020.Mr. Ijidele who appreciated the State helmsman for making another achievements on Budget Reform listed: 1. preparation of ten years development plan for the State. 2. Medium Term Expenditure framework (MTEF) and 3. Medium Term Sector Strategy was developed to strengthen transparency and accountability in governance.The Project Coordinator also mentioned that Mr. Governor has demonstrated to be people’s Governor in several instances. In terms of External and Internal Audit, Mr. Governor carries the people of the state along and rendered stewardship through presentations of the Audited Accounts to the representative of the general public notably the CSOs, Trade Unions, Journalists etc. It is noteworthy to mention that the people’s Governor has been promptly submitting the State Audited Accounts to the State Legislature as required by Law.On Public Procurement, Mr. Yemi Ijidele thanked the State Government for establishing Public Procurement Agency (PPA) in the State. He noted that PFM reform championed by SLOGOR Project also supported government to develop Standard Bidding Documents and created E-portal for the Agency.Finally, the Project Coordinator applauded Mr. Governor for embracing automation of the State Public Financial Management System tagged State Integrated Financial Management Information System {SIFMIS}. He noted that SIFMIS will soon be officially commissioned by Mr. Governor and immediately becomes the e-governance platform where all financial transactions of the government will be operated. Olugbenga OniSLOGOR Communication Officer.

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Osun O-YES Cadets Audit; no intention to downsize- says Govt

The State Government of Osun under the leadership of Governor Adegboyega Oyetola, has ordered the audit of the OYES cadets to ascertain their population and veracity of various engagements.

This was disclosed in a statement signed by the Honourable Commissioner for Youth and Sports, Mr. Yemi Lawal, who said that the exercise was embarked upon on Wednesday 18th, March 2020 and it was conducted all over the State but was met with stiff resistance from the few individuals who thought the exercise was to downsize the workforce of the cadets.

Speaking about the audit exercise, the government noted that: “the State Government of Osun under the leadership of our amiable Executive Governor does not intend to downsize the OYES cadet corps but rather audit the program and ensure sustainability for the benefit of citizens of Osun”.

“The exercise when concluded will strengthen the corp as well as improve the programme tremendously.For the sake of emphasis, the audit exercise is not aimed at downsizing the workforce but strengthening it to be more productive”, the statement added.

The statement assured the people of Osun that “as a responsible
Government, the good people of the State of Osun deserve the best and the Government is committed to ensuring this to reposition the State of Osun for a better tomorrow”.

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Full Automation Of Government Transactions/Services – Osun Finance Commissioner

No Going Back On Full Automation Of Government Transactions/Services – Osun Finance Commissioner


Kingsley Omoyeni

Commissioner for Finance, Mr Bola Oyebamiji has said that the ongoing process to fully automate all government financial transactions and services is a step that the present administration will not renege on.

He said for the state to fully block all financial leakages, boost revenue and be ranked among the best economies of the country the automation process of the present government should be taken seriously.

Oyebamiji stated this during a meeting with the technical implementation team of the State Integrated Financial Management Information System(SIFMIS), a customized technology that will improve the state’s financial management system.

The Commissioner who urged officers selected from different MDAs for the SIFMIS programme to show high sense of commitment said the state has no choice but to embrace full automation of her activities so as to completely block all financial leakages.

He said, “Apart from the huge benefit which the SIFMIS programme is bringing to our state interns of improving our financial management system, I want officers selected for this project to see it as a form of skill acquisition which will in the long run be mutually beneficial.

“Automation of all our financial transactions and services is the best way to go right now, all strong economies of the world are on full automation. It brings about transparency and prudence in spending by the government.

“It makes the people who are being governed to have trust and confidence in the government they voted and will in turn improve their payment of taxes and other levies for growth and development. So I urge us all to take full advantage of this SIFMIS project.

“This project when completed will give the government and the people of Osun a globally acceptable platform for open Governance and further boost the accountable style of governance which the Adegboyega Oyetola administration has always strived to achieve”. Oyebamiji stressed.

It will be recalled that the state government of Osun had signed off on the contract to develop a customized State Integrated Financial Management Information System(SIFMIS) for improved transparency in governance.

The SIFMIS technical implementation team include: the Commissioner for Finance, Mr Bola Oyebamiji who is the Chairman, Commissioner for Budget and Economic Planning, Prof. Olalekan Yinusa, Permanent Secretary, Ministry of Finance, Mrs Adebimpe Ogunlumade, Accountant General, Mr Sunday Igbaroola, Chairman, Osun Internal Revenue Service, Mr Gbite Ademikanra, Auditor General(State), Mr Folorunsho Adesina, Auditor General(Local), Mr Emmanuel Kolapo among others.

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