MINISTRY OF FINANCE

 

                               

STATE GOVERNANCE/CAPACITY BUILDING PROJECT

 

Since 1999, Government has taken several reform measures to improve governance capacity, strengthen the Civil Service and increase its efficiency in service delivery.  The measures are targeted at achieving reforms in these key areas namely; improve accountability and transparency, production of timely audited accounts and financial statements, financial management, budgeting and computerization/networking etc.

 

These reforms have met with huge success which has spurred the State Government to strive for more in-depth reforms that will strengthen the machinery of Government.

 

To this end, in the year 2002, the Ministry of Finance, on behalf of the Akwa Ibom State  Government participated in a competitive bidding among the 36 States of the Federation and was successful as one of the six states selected from the South-South Zone for sponsorship under the World Bank State Governance and Capacity Building Project.

 

The project consists of Core-Reforms in Financial Management and Akwa Ibom Specific Reforms Programme in Public Sector Restructuring and Human Resource management in the State Civil Service.

 

Core Reforms Programme (CRP)

 

Specifically, the Core Reforms Programme includes the following:

(a)        Public Financial Management Legislation

(b)        Budget Reforms

©         Treasury Management, accounting and reporting

(d)       Development and Implementation of a properly sized financial Management   Information System.

(e)        Strengthening of Audit.

(f)         Basic Human Resource Management Modernization

 

Akwa Ibom State Specific Reforms

 

Akwa Ibom State Specific Reforms Includes:

(i)         Public Sector Restructuring

(ii)        Human Resource Management which consists of Management Information  System and Performance Management Reforms

 

Presently, the State Government has produced the sub-project document and it is now before the World Bank Council in Washington for consideration and approval.

 

 

 

Activities/On going Reforms

Programme

 AK_SEEDS

MICRO CREDIT SCHEME

STATE GOVERNANCE/CAPACITY BUILDING PROJECT

 EXPANSION OF THE REVENUE BASE

News Update
 

  CONSOLIDATED FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2004