The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, yesterday warned that Ministries, Departments, and Agencies (MDAs) to comply with the revised Bottom-Up Cash Planning Policy or be restricted from accessing funds for capital projects.
The minister the issued the warning at the Stakeholders’ Review Meeting on the Implementation of the Revised Policy on Cash Management and Bottom-Up Cash Planning which was organised by the Office of the Accountant General of the Federation (OAGF) in Abuja.
Edun explained that the bottom-up cash policy, introduced in 2023 and integrated into the 2024 budget, was designed to enhance transparency, accountability, and efficiency in public financial management.
He noted that some MDAs had been slow to adopt the policy’s operational guidelines, necessitating temporary restrictions on their access to the Government Integrated Financial Management Information System (GIFMIS), the platform for fund disbursement.
Edun said, “The implementation of the revised cash-management and bottom-up cash-planning policy as the AGF told us, was approved by Mr. President and was expansiated with so many circulars and guidelines, having been initiated in 2023 for the capital projects.”
