Current Issues in Public Sector Treasury Management in Nigeria

Objectives:
• To understand the current trends in Public sector treasury management
• To appreciate the role of treasury management in improving the revenue base at the Local Government through internally generated revenue
Course Content:
• Objectives of Treasury Management
• Scope of duties and responsibilities of today’s Corporate Treasurer
• The Nigerian Constitution and its Implications for Public Sector-Treasury Management
• Government funds: Consolidated revenue fund, development fund, contingency funds, special and trust fund, treasury funds etc.
• Relationships in Federal, State and Local Government Funding
• Sharing allocations Grants, Loans, Guarantees, etc.
• The Appropriation Procedure
• Appropriation bill, Finance Act, etc.
• Public Sector Financial Regulations, Treasury and Financial Circulars
• The role of the Federal Ministry of Finance, The Accountant-General, the Auditor – General, the Presidency, the Central Bank, Public Accounts Committee, etc.
• Public Treasury Books of Accounts
• Petty Cash book, main cash book, cash control accounts, memorandum accounts, journal entries, etc.
• Cash Audit and Internal Control Issues in Treasury Management
• Public sector computerized vote accounting
• Treasury Management Policy and Improvement in Revenue Base
• The need for a proper Treasury Management Policy and Practice in the Nigerian System at all levels of Government
• The role of the Treasury department in generating and collecting external and internal revenue due to the local government
• The judicious utilization/disbursement of revenue collected and the preparation of annual budget for consideration of the finance committee and subsequent approval by the approving authority
• Concept of Treasury and Treasury Management in Nigeria
• The unit/department that is charged with the responsibility of management of public funds, creating and safeguarding effective internal control, creating the conditions for prompt and efficient provisions of services and proper maintenance and preservation of necessary records of all financial transactions

FOR WHOM:
All Accountants and Auditors in the Public Sector

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH:        4th – 7th Feb,                    2025      

2ND BATCH:       9th – 11th June,                 2025
3RDBATCH:        21st – 24th Oct,                 2025