INTRODUCTION

The Department of Finance and Accounts is one of the service Departments in the Ministry statutorily charged with the responsibility of providing financial services to the Ministry. The main goal of the Department is to ensure adequate Accountability, Transparency and value for money in the management of financial resources of the Ministry. The Department is headed by a Director, who also doubles as Sub-Accounting Officer. The Department has three main divisions, namely:

• Accounts;
• Finance; and
• Budget;

FUNCTIONS OF THE DEPARTMENT

Receipt, custody and disbursement of public funds

• Prompt processing of all approved payments
• Providing financial information to the Management for decision making
• Liaises with the office the accountant General of the Federal (OAGF), Central Bank of Nigeria (CBN), Budget Office of the Federation (BOF) and other Financial Institutions on issues of financial management and Reporting.
• Liaising with the National Assembly and (PAC) on issues of Budget Defense and Response to Queries.
• Responding to all queries from internal Audit Unit, Inspectorate Department Office of the Accountant General of the Federation (OAGF), Office of the Auditor – General for the Federation (AGF).
• Regulating and guiding all treasury staff under its supervision in compliances with provision of the financial regulations and other financial records and financial documents.
• Ensuring adequate supervision of the disbursement of funds and proper monitoring accounting and reporting Revenue.
• Advising the Accounting Officer on financial matters Effective and efficient.
• Prepares and submits regular management information reports that will aid efficient and effective management decision making.
• Ensures prompt rendition of all financial reports.
• Preparation, Presentation and defending of Budget proposals and ensuring effective budgeting control by matching/comparing budgeted figure with actual expenditure or revenue as the case may be and advise the Accounting officer appropriately;
• Liaising with Accountant-General from time to time when in doubt the interpretation of the provisions of Financial Regulations and other Treasury Circulars or when confronted with difficulties in the performance of duties;
• Monitoring and Evaluation of Budget execution in conjunction with other Departments and Agencies of the Ministry;
• Liaising with the Departments and Agencies to ensure efficient and effective Utilization of Funds;
• Training and Development of staff capacity.