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OAGF-Handbook-2023-V.8

Finance & Economy
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Overview

The document is the 1st edition of the Generic Project Financial Manual for Donor Funded Projects in Nigeria, prepared by the Office of the Accountant-General of the Federation (OAGF) through the Federal Project Financial Management Department (FPFMD/PFMU). It provides a comprehensive guide for the financial management of donor-funded projects at the federal level. The manual covers the historical background of FPFMD/PFMU, which started operations on 1st May 2010 and became a department in 2014. It includes chapters on the selection and deployment of financial management staff, roles and responsibilities, budgeting, accounting, internal controls, funds flow/disbursement, interim financial reports, and audited financial statements. The foreword by the Honourable Minister of Finance, Wale Edun, and the Accountant-General, Dr. Oluwatoyin Sakirat Madein, highlights the department's achievements and the collaborative support from the World Bank, African Development Bank, and other donor agencies. The preface by Director Abdulkarim Ibrahim Ozi emphasizes the manual's role as an indispensable guide for effective financial management of donor-funded projects. The publication is supported by various entities and aims to standardize financial practices, ensure accountability, and enhance transparency in the management of donor funds in Nigeria.

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OAGF-Handbook-2023-V.8