Khalil Halilu, the Executive Vice Chairman and CEO of the National Agency for Science and Engineering Infrastructure (NASENI), is spearheading a new era of financial accountability with the unveiling of the agency’s revised Accounting Manual. The announcement was made during the quarterly meeting of the Finance & Accounts Directorate, marking a significant step towards enhanced transparency, accountability, and operational efficiency within NASENI.
Recognizing the critical role of sound financial management in achieving NASENI’s mandate, Mr. Halilu emphasized the importance of adhering to global best practices in public finance management. The revised Accounting Manual is designed to serve as a comprehensive guide for all financial operations within the agency, ensuring proper record-keeping, streamlined processes, and strict compliance with relevant regulations.
The new manual is expected to have a far-reaching impact on NASENI’s financial operations, including:
- Enhanced Transparency: The manual provides clear guidelines for financial reporting and disclosure, making it easier for stakeholders to understand NASENI’s financial performance and resource allocation.
- Improved Accountability: By establishing clear lines of responsibility and accountability for financial transactions, the manual helps to prevent errors and fraud, ensuring that public funds are used effectively and efficiently.
- Streamlined Operations: The manual simplifies and standardizes financial processes, reducing paperwork, minimizing delays, and freeing up staff time for more strategic activities.
- Compliance with Global Best Practices: The manual incorporates the latest international standards and best practices in public finance management, ensuring that NASENI’s financial operations are aligned with global norms.
Mr. Halilu expressed his confidence that the revised Accounting Manual will play a vital role in strengthening NASENI’s financial management capabilities and enabling the agency to achieve its strategic objectives. He urged all staff members to familiarize themselves with the new manual and adhere to its guidelines in their day-to-day work.
The introduction of the revised Accounting Manual is part of a broader effort by Mr. Halilu to transform NASENI into a world-class science and engineering institution. By promoting transparency, accountability, and efficiency in all aspects of its operations, NASENI is well-positioned to drive innovation, foster economic growth, and improve the quality of life for all Nigerians.
