Stephen Dunmoye
The Minister of State for Education, Goodluck Opiah, said that the treasury management is a ‘MUST BE’ for any nation that targets sustainable development because it is a strategic approach to optimising beneficial returns of innovative deployment of both public and private finance.
The minister stated this during the inauguration of the Council of the Chartered Institute of Treasury Management in Abuja on Tuesday
He added that the treasury management helps to put in place preventive mechanism to safeguard resources and ensure that there is value for money.
“I am very confident that the benefits and impacts of the establishment of this Institute will be positive on our society and the Nigerian economy when fully operational.
The Chartered Institute of Treasury Management is particularly important to the education sector because it will help ensure that finances allocated to the sector by government, civil society and nongovernmental organisations will be judiciously utilised for the achievement of the Ministry’s three focal areas of Access, Quality and Systems Strengthening and of course the timely attainment of the Ministry’s 10 Pillars of the Education for Change’’.
While highlighting the importance of treasury management, the minister said that supervision and management of cash flows and its balances will be better managed and utilized, thereby stressing the needs for the education system in Nigeria to prepare the youths for a knowledge-driven economy.