Buhari Launches Open Treasury Portal

Buhari Launches Open Treasury Portal


President Muhammadu Buhari has launched Open Treasury Portal, a transparency initiative of the Federal Government.

With the launch of the Open Treasury Portal today by President Buhari, all MDAs are to publish the following: daily reports of payments from N5m; monthly budget performance; quarterly financial statements; and annual financial statements prepared in compliance with IPSAS.

All payments to the Treasury to be made public and accessible. All the reports are to be published within stipulated deadlines on this portal: opentreasury.gov.ng

The President stated that all those doing business with government should know that henceforth all payments they receive will be made public. He urged states and LGAs to key into this transparency initiative, which is line with the Open Government Partnership (OGP).

Speaking at the ceremony, the Accountant General of the Federation said that the open treasury portal was conceived and implemented by staff of the Office of the Accountant General, at no cost to the country.

He also said that his office will also publish on a daily basis inflows and outflows into the Treasury and that the portal will be open to and can be accessed by all.

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