THE Lagos State Government has expressed its commitment to invest more in the education and capacity training for accountants in the state.
The state Commissioner for Finance, Dr Rabiu Olowo, disclosed this, according to a statement on Thursday, during a recognition event organised by the Association of Chartered Certified Accountants in Alausa, Ikeja.
The ACCA also commended Governor Babajide Sanwo-Olu for his contribution to professional accountancy and enabling the adoption of International Public Sector Accounting Standards for state employees.
Olowo said, “The investment in the capacity development of the accountants by training over 800 accountants within the state employ was as a result of the determination of the state government to standardise its finance and accounting processes to meet acceptable global practices.
“The recognition as a significant one; an acknowledgement by ACCA which attests to the commitment of the state government’s ongoing training, education and capacity training for employees especially in the area of retooling the capacity of accountants for effective Public Finance Management.
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“Although Lagos State is ahead of other states in the area of IPSAS compliance, the state government remains committed to continue to enhance the capacity development of its workforce for effective performance and service delivery.”
The state’s Accountant-General, Dr Muritala Abiodun, said there was the need for PFM to revolve such that the state government can easily respond quickly, effectively and transparently to emergency situations and during crisis, taking notes from the COVID-19 experience.
Culled from: https://punchng.com/govt-pledges-more-training-for-accountants/