The Minister of State for Finance, Doris Uzoka-Anite, has reaffirmed the federal government’s (FG) commitment to sound fiscal management and sustainable economic development through the introduction of the revised policy on Cash Management and Bottom-Up Cash Planning.
Uzoka-Anite made the statement during the Stakeholders Review Meeting on the Implementation of the Revised Policy on Cash Management and Bottom-Up Cash Planning Protocols, held in Abuja.
The Minister emphasised that the revised policy, introduced in 2024, marks a critical milestone in the government’s efforts to streamline fiscal management and promote economic growth.
“This policy represents a pivotal step in ensuring that funds are allocated and utilized in line with approved plans,” she said. “It has significantly advanced budget execution, enabling the timely implementation of projects, and enhancing transparency and accountability across government institutions.”
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The Minister highlighted the role of the policy in boosting fiscal discipline by requiring greater scrutiny and justification for fund requests.
This has reduced opportunities for financial mismanagement, ensuring public funds are safeguarded.
She also noted that the policy has fostered data consistency across key government institutions, which is vital for accurate economic indicators and greater transparency.
In addressing the ongoing challenges, Uzoka-Anite acknowledged concerns regarding the time-consuming nature of some processes and the need for certain Ministries, Departments, and Agencies (MDAs) to develop the requisite expertise for full implementation of the Bottom-Up Cash Planning approach.
The Minister reassured stakeholders that the government is engaging in open and constructive dialogue to identify areas for improvement and implement solutions.
“We are committed to ensuring that this policy achieves its full potential,” she said.
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“Together, we can build a more transparent, accountable, and efficient public financial management system that serves the best interests of all Nigerians.”
Uzoka-Anite also stressed the importance of structural reforms, particularly in agriculture, to address food supply challenges and ease inflationary pressures in the country.
As the administration moves forward with the revised Cash Management Policy, the Minister emphasised that this reform represents a key element of the government’s broader goal of fostering sustainable development.
