Anambra Assembly passes bill for law to regulate public financial management

The Anambra State House of Assembly has passed a bill to regulate the Public Financial Management of the State to ensure that all revenue, expenditure, assets and liabilities of Government are managed efficiently and effectively to meet current and future challenges of the State and to provide for related matters.

The lawmakers passed the Executive bill during yesterday’s plenary.

Speaking to Tribune Online, shortly after the plenary to throw more light on the bill, the Chief Whip of the House and member representing Dunukofia state constituency, Hon. Laurence Ezeodu stated that the bill will ensure transparency, accountability and sound management of revenue, expenditure, assets and liabilities of Anambra State Government and other public institutions of the state.

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On his part, the Chairman House Committee on Information and Culture, Honourable Okechukwu Okoye noted that it will eliminate waste, corruption, improve the economy of Anambra State and ensure equitable distribution of resources the three Senatorial District.

The members representing Njikoka Two Constituency, Dr Pete Ibida and his Anambra West counterpart, Hon. Patrick Udoba commended the Executive Arm of Government for the initiative as according to them, it will block loopholes through which the state funds are diverted into private pockets.

Speaker of the House, Hon. Uche Okafor expressed confidence that the bill, when signed into law will attract more funds to Anambra from Donor Agencies.