Rivers
RSG To Adopt New Accounting Standard
Rivers State Government
would adopt modern public accounting procedures as a way of transforming its Public Finance Management system to be in line with acceptable global accounting standard.
Governor Chibuike Amaechi made this known through the Secretary to the State Government, Mr. George Feyii at a one-day sensitization workshop organised for Commissioners and Head of Government Ministries in the State on International Public sector Accounting Standard (IPSAS) in Port Harcourt, recently.
According to the governor, the new accounting system in the state would create room for economic development, unlike in the past when public accounting procedures were done on cash basis which often results in complications.
He urged participants at the workshop to key into the new system of accounting practice and to show more commitment toward the process.
Also speaking, the Commissioner for Finance, Dr. Chamberlain Peterside explained that with the new accounting standard, it would be possible to keep pace with changing accounting, developments, improve accountability in the State and ensure transparency through IPSAS compliant financial statements.
He said while old accounting practices should be discontinued, supportive accounting policies must be developed to guide accounting in the State in line with IPSAS requirements which includes, adoption of accurate budget codes and charts for all accounting equations, revenue and expenditures.
Other requirements listed by the finance commissioner for effective implementation of the new accounting standard include its translation into specific policies and the creation of operational double-entry accounting system in all the State ministries, departments and agencies.
In a presentation, the World Bank representative at the workshop, Mr. Jens Kristensen said “public financial management touches on politics and power and the reform of budget system amounts to restructuring of politics and power”.
He said Rivers State was among the four states including Delta, Edo and Bayelsa presently benefitting from the SEEFOUR Project of the World Bank geared towards economic empowerment.
Some of the participants who shared their expectations said they were confident that the workshop would achieve desired objective.
The International Public Sector Accounting Standard (IPSAS) is adjudged to be the best form of accounting practice for public sector organisations as it provides consistent application of accounting principles for the three tiers of government.
City Crime
Health Commissioner Extols Fubara’s Commitment To Community Healthcare Delivery
The Rivers State Commissioner for Health, Dr. Adaeze Chidinma Oreh, has praised the State Governor, Siminalaye Fubara, for his commitment to community healthcare delivery in the state.
Dr. Oreh said this shortly after receiving an award of Excellence on behalf of the Governor from the Rivers State Hospital Management Board at a thanksgiving service, sendforth and award ceremony in Port Harcourt.
The Health Commissioner said the Governor is not only committed to transforming the health sector, but fiercely protecting the interest of Rivers State people.
She said it was against this background that the Governor is working hard to ensure quality healthcare for all rural communities in the state.
According to the Commissioner, “it is this protectiveness that makes him to standup for the people of Rivers State.
“It is this protectiveness and acknowledgement that health is first wealth, that makes him to give necessary attention to the health sector.”
Dr. Oreh also praised past and present Chief Medical Directors of the Board for their efforts in keeping Secondary health care institutions in the state afloat despite various challenges.
The Commissioner also commended the current Chief Medical Director (CMD), Dr. Bright Ogbonda, for his competence and dedication to service, adding that she was particularly delighted that the current CMD has adopted an innovative approach to accomplish so much in the Board.
She promised to continuously stand as an advocate for the Board and push for improvement in the conditions of health care workers across the state.
Earlier the Chief Medical Director of the Board, Dr. Ogbonda, commended the State Governor for reforming the secondary health sector, stressing that within the last two years, the Governor has carried out massive reconstruction of General Hospitals across the state and constructed of the Neuro psychiatric hospital at Rumuigbo, Port Harcourt.
He also commended the Governor for employing over 2,000 health workers and ensuring prompt payment of salaries and allowances of newly employed health workers in the state.
Ogbonda said the gesture by the Governor has made the Board the envy of other boards and parastatals in the state.
He also attributed the success recorded so far by the Board to the effort of past CMDs, Directors and staff who laid a solid foundation for the growth and development of the Board.
The occasion featured the presentation of awards of Excellence to the Governor, the Commissioner for Health, and all former CMDs of the Board.
Other awards include, award for best performing hospitals in the state in which General Hospital, Ogu, emerged first, seconded by both civil servants clinic and Zonal Hospital, Bori, while third place went to General Hospital, Eleme.
For the best performing Medical Directors, the first position went to the Doctor incharge of Okrika General Hospital, while first and second runners up went to Dr. Mina Ikuru of Civil Servants Clinic and Dr. Okere of Eleme General Hospital.
The occasion also featured the unveiling of the third edition of Health Spring Magazine by the Board.
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