By Amos Tauna
An organization, Mold Academy meant to develop, and use Government Integrated Financial Management Information System, GIFMIS, to conduct training has been commissioned in Kaduna.
The first of its kind Academy Hostel in Africa, equipped with state-of-the-art technology has commenced operation.
The 80-room facility is located in the central business district of Kaduna City, off Independence Way.
Speaking to newsmen after the commissioning, Chief Executive Officer of Mold Treasury Academy, Mr. Emmanuel Onyekwere, explained that the modern facility was a product of 20 years of hard work and research.
He explained that the structure would further enhance budgeting in the country in view of the training that would be received from the academy.
Speaking earlier before the commissioning, he said governments at all levels had wasted resources in acquiring foreign technology not compatible with Nigeria.
“Governments at all levels in Nigeria have spent enormous resources in the acquisition of foreign technology products not suited to our environment to implement public sector financial management reforms with little or no impact in the provision of comprehensive and timely budget implementation performance reports,” he added.
The CEO further reeled out a worrisome statistic that shows that Nigeria has lost N1.5 trillion in the last 20 years with technology products and training that add no value to economic management in Nigeria.
“In order to bridge this gap and save Nigeria this colossal losses, improve local content and ownership, Mold Treasury Academy was established with the latest technology tailored to the needs of the federal, states and local government areas in Nigeria,” he explained.
