SWITZERLAND, DECEMBER 09 – The Federal Government has launched the Open Treasury Portal, with the hope of making public the daily treasury statement on how monies that come into government coffer are being spent.
This was made known on Monday by the Executive Secretary, Nigeria Extractive Industries Transparency Initiative, Mr. Waziri Adio, in a series of tweets via his Twitter handle @Waziriadio.
Now, all the ministries, departments and agencies are mandated to publish, on a daily basis, reports of payments in excess of N5m and over, monthly budget performance and sundry other official financial dealings.
The publications must be in line with the International Public Sector Accounting Standards, Adio said.
Adio had tweeted, “With the launch of the Open Treasury Portal today by President Muhammadu Buhari, all MDAs are to publish the following: daily reports of payments from N5m; monthly budget performance; quarterly financial statements; and annual financial statements prepared in compliance with IPSAS.
“All the reports are to be published within stipulated deadlines on this portal: http://opentreasury.gov.ng. The portal will be open to and can be accessed by all.”