By Omowumi Samuel.
The Nigerian government through the Ministry of Education has inaugurated the Council of the Chartered Institute of Treasury Management (CITM).
While inaugurating the board members in Abuja, the Minister of state for Education, Mr. Goodluck Opiah, disclosed that the treasury management is a must for any nation that targets sustainable development, hence it is a strategic approach to optimizing beneficial returns of innovative deployment of both public and private finance.
He also added that the impacts and benefits of the institute will be evident and positive on the Nigerian economy and the society at large.
Mr Opiah also revealed that CITM is expedient to the education sector because it will ensure that finances are properly managed and allocated to the diverse sectors in the arm of government, and will also judiciously manage the ministry’s three focal areas, which are access, quality and systems strengthening, and timely attainment of the ministry’s ten pillars of the education for change.
He also explained that the institute will help the Nigerian education system to prepare youths to take Competitive advantage of the 21 century knowledge driven economy, both at home and abroad.
The Minister enjoined the new council members to put in their best, contribute their quota and ensure that the vision and mission of the institute is duly enforced, to further birth a better and resourceful sustainable Nigeria.
Going forward, the Registrar of CITM, Mr. Adedoyin Olumide, revealed that the process and journey started 18years ago, when there was need to put in place function in managing cash items.
He also added that about 54 countries have keyed into the adoption of treasury management advisories, therefore it is not late for Nigeria to partner with the institute.
