Bauchi Govt Reforms Financial Sector To Block Leakages, Accelerate Progress – Commissioner

The Bauchi State Commissioner for Finance and Economic Development, Honorable Modibbo Abdulkadir Ahmed has assured that the state government will continue to initiate public finance reforms that will be in the best interest of the state and its people.

The Commissioner made this known while commenting on his full participation at the conference of the National Council On Finance and Economic Development (NACOFED) 2021 hosted in Lagos by the State Government.

According to Modibbo, the conference is an opportunity for them as Commissioners of finance of their respective states to interact with critical stakeholders for economic development.

He said in line with the desire of the administration of Governor Bala Mohammed towards ensuring improvement in financial management, his Ministry will assist the governor to achieve his desired objectives.

Honourable Modibbo Abdulkadir appreciated the governor for the prudent management of resources especially freeing resources for the execution of legacy projects that have a direct bearing on the lives of the citizenry.

To this end, The Bauchi finance Commissioner said the present administration has since extended its hands of mutual partnership with stakeholders in finance management to enable the state to access more interventions.

At the opening ceremony of the event, the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed called for collaboration with all State Governments in the Federation in the quest towards revamping the economy from prevailing strains, particularly as posed by the COVID-19 pandemic.

She said the Federal Government would sustain a strong relationship with other levels of government as the Government is committed to the reforms aimed at creating the right fiscal space for investment and diversification of the revenue base of the economy.

The Finance Minister said the interventions recently initiated by the Federal Government to assist States include the approval of the bridging facility in the sum of N656.1 billion to be granted to States over a period of six months towards cushioning the effects of the resumption in the payment of the three Federal Government Bailout facilities (salary bailout, excess facility and budget support facility).

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