The World Bank has pledged to support Nigeria’s auditing process to ensure transparency and accountability.
Edward Olowo-Okere, the Bank’s Director on Governance Global Practice, said this during a visit to the Auditor-General of the Federation, Anthony Ayine.
He said timeliness was an important factor in the accountability process and the bank would assist the government in achieving the process.
”It is important for the public accounts committee to review on time and take appropriate actions, so all these things must be done timely for there to be proper accountability,” he said.
Earlier, Ayine commended the bank’s support to the office of the Auditor-General of the Federation.
The auditor-general however listed some challenges faced by the office whereby further support from the bank would be welcomed.
He listed some of the challenges to include the audit bill presently before the Senate, which would help the office get the desired audit independence.
”If we have support from the UN in this area we will appreciate it because, for now, we lack that administrative and financial autonomy as an audit institution,” he said.
