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FG Warns States: No More Bailouts For Unpaid Liabilities - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsFG Warns States: No More Bailouts For Unpaid Liabilities (6420 Views)

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FG Warns States: No More Bailouts For Unpaid Liabilities by TimeManager(op): 2:36pm On Mar 01, 2025
The Accountant General of the Federation (AGF), Dr. Oluwatoyin Sakirat Madein, issued the warning during her working visit to the Federal Pay Office in Kano.

The President Bola Tinubu-led Nigerian government has declared that it will no longer assume responsibility for unpaid liabilities incurred by state governments, urging them to improve revenue collection and financial discipline.

The Accountant General of the Federation (AGF), Dr. Oluwatoyin Sakirat Madein, issued the warning during her working visit to the Federal Pay Office in Kano.

According to a statement from the Office of the Accountant General of the Federation (OAGF), released by Director of Press and Public Relations, Bawa Mokwa, Madein stated the need for states to address revenue leakages to ensure financial sustainability.

“This will ensure that state governments receive their revenues as and when due, and the Federal Government will not be burdened by unpaid liabilities,” she said.

Madein also directed Federal Pay Officers (FPOs) to enforce compliance with public financial management reforms across Ministries, Departments, and Agencies (MDAs).

She stressed the importance of financial prudence and called for an end to manual accounting processes, advocating for modern technology in financial operations.

[b]“The use of manual processes in carrying out financial activities will soon be over. The use of modern technology in the accounting profession is key and vital,” she stated.


To further enhance financial accountability, the AGF revealed that her office had commenced implementing an enterprise concept management system aimed at fully digitizing financial activities, including those of FPOs.

Madein also announced a shift from the traditional Annual Performance Evaluation Report (APER) to a performance management system that will provide a more accurate measure of staff and management efficiency.

“This system will involve all staff and serve as a tool for measuring management performance,” she explained, urging FPOs to become proficient in digital operations.

Aminu Umar, Chairman of the Committee of FPOs for the North-West Zone, expressed appreciation for the AGF’s visit, noting its impact on shaping future financial leadership.

“It will go a long way as a pace-setter for the incoming Accountant General after your leave,” Umar stated.
https://saharareporters.com/2025/02/26/nigerian-accountant-general-warns-states-no-more-bailouts-unpaid-liabilities

Re: FG Warns States: No More Bailouts For Unpaid Liabilities by TimeManager(op): 2:40pm On Mar 01, 2025
One of the best news since independence. I think the federal government is preparing the ground for tax reform bill, whereby states have to get what they earn. Therefore, if you incur unexplained liabilities, you are on your own. All these tough decisions can only happen under a bold leader like Jagaban.


-Kiss the truth!
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by Aonkuuse(m): 2:43pm On Mar 01, 2025
What I know is that Nigerian states are very lazy..... It's funny how a state government will refuse to pay workers and will be blaming allocation for not been enough.
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by CodeTemplar: 3:27pm On Mar 01, 2025
Gradual restructuring. Next is funding of amnesty program with each geopolitical zone resources. If northern masses like let them use groundnut tax to sponsor RUGA or Hajj or shut schools to fast.
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by JagabanBorgu: 6:55pm On Mar 01, 2025
Very necessary, most state governments are dysfunctional yet they are very Ioud mouthed.
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by Akinzo2121(m): 6:55pm On Mar 01, 2025
E no concern me
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by temitope27(m): 7:00pm On Mar 01, 2025
That is a welcome development
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by tunjijones(m): 7:03pm On Mar 01, 2025
Governors are the worst set of politician.

But it's unfortunate that we blame only the FG. Governors are hiding behind this to under perform.
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by johnjay4u2u(m): 7:10pm On Mar 01, 2025
Lazy constitution
Lazy governors
Lazy politicians


The day monthly allocations stop will birth the healing of rhe nation and states getting sense.
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by Voicered: 7:11pm On Mar 01, 2025
Good
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by theophorus(m): 7:20pm On Mar 01, 2025
Abeg, make Governors stop running to FG for bailouts and make FG stop to dey give bailouts so that we can know the Governor that is really Governing.
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by aribisala0(m): 7:25pm On Mar 01, 2025
Tinubu has done well to appoint the RIGHT people to head the Inland Revenue, Tax , Customs, Finance ministry, Central Bank, Accountant General etc

Well done Omo oko ni e
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by helinues: 7:48pm On Mar 01, 2025
Better.

No more handout
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by MightySparrow: 8:01pm On Mar 01, 2025
The North would have preferred an ignoramus, money embezzler as the AGF to be siphoning the money to sponsor Boko Haram than a good person.

Tinubu should have put more igbos into his government. Maybe he is afraid of Emefiole.

What of Birom, Ikwerre, Gen.....?
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by oluwatomiwa(m): 8:08pm On Mar 01, 2025
We blame only FG while state governments squander the money received from FG
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by NastiLord: 8:14pm On Mar 01, 2025
The governors are so powerful. Dem go hold FG for blokos till dem reverse this ban
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by Miramonica: 8:22pm On Mar 01, 2025
This is timely, as some state governors think that Tinubu will give them more bail out funds to embezzle just like Buhari did thinking he was bailing them out, he didn't know he was giving some state governors money to ball.
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by 0taPiaPia(m): 8:24pm On Mar 01, 2025
theophorus:
Abeg, make Governors stop running to FG for bailouts and make FG stop to dey give bailouts so that we can know the Governor that is really Governing.
But FG is running to other countries for bailout, it's a cycle..... Can't be broken.
The FG shouldn't be hypocritical about this
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by Putindbutt(m): 8:32pm On Mar 01, 2025
NastiLord:
The governors are so powerful. Dem go hold FG for blokos till dem reverse this ban
Dem no fit try am with Tinubu
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by heffem(m): 8:55pm On Mar 01, 2025
I'm beginning to love this Jagaban of a man.....
Restructuring in view. Last last, everybody go get sense
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by Omalicious1: 9:21pm On Mar 01, 2025
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by mannobi(m): 12:46am On Mar 02, 2025
It's lazy governors that collect monthly allocations waste it and then cry to abuja for bailout
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by EvilMerodack(m): 7:56am On Mar 02, 2025
wink
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by nwirinedu(m): 8:01am On Mar 02, 2025
Very simple, allocations have trippled, use the funds well, stop spending billions for Hajj, marriages and furniture.
Re: FG Warns States: No More Bailouts For Unpaid Liabilities by Blue3k(m): 1:42pm On Mar 02, 2025
The President Bola Tinubu-led Nigerian government has declared that it will no longer assume responsibility for unpaid liabilities incurred by state governments, urging them to improve revenue collection and financial discipline.
Lol, sub national defaults loading. If states struggle to pay worker and pensions I don't see them paying debts. They won't reduce the size of government aka fire anyone. They don't want to increase taxes on you before you start to question the excesses.
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