POLICY OBJECTIVES
a) Government Commitment to Transparency
A financial transparency policy will cement government commitment at improving governance and supplement the recently launched Whistleblower Policy and equip the general population with the tools they need to report financial wrongdoing. Furthermore, the government has also pledged to ensure full implementation of the Freedom of Information Act so that government held data sets can be requested and used by the media and the public at large, and then published on regular basis.
These guidelines are in fulfillment of the Presidents promise to Nigerians in an effort to build public trust in Government.
These guidelines are in fulfillment of the Presidents promise to Nigerians in an effort to build public trust in Government.
b) Partnership Building for the Fight against Corruption
To facilitate the fight against corruption, it is crucial that more transparency is not only encouraged but also enforced at all levels. These guidelines are aimed at enabling timely availability of financial information to the civil society organizations and the public at large by all MDAs of the Federal Government. Through this initiative, the foundation for a strong partnership against corruption will be laid.
c) Setting the Threshold for Transparency.
These guidelines are also aimed at setting the minimum requirements for financial transparency by all MDAs. While full and complete disclosure should be encouraged, a minimum needs to be set to ensure that non-compliance can be established and addressed.
d) Defining Responsibility for Transparency
These guidelines are also targeted at setting the deadlines and allocation responsibility for financial transparency.
In addition to the responsibility for publication outlined in section 2.2, all MDAs are required to promptly respond to additional requests for information beyond what is published.
In addition to the responsibility for publication outlined in section 2.2, all MDAs are required to promptly respond to additional requests for information beyond what is published.