ADDRESS BY THE DIRECTOR (FINANCE & ACCOUNTS), BARR. OKORO OSONDU PETER ON THE OCCATION OF THE INAUGURATION OF THE IPSAS IMPLIMANTATION COMMITTEE OF THE FEDERAL MINISTRY OF HOUSING AND URBAN DEVELOPMENT HELD ON FRIDAY, 14^TH FEBUARY 2025 AT THE DFA’S OFFICE, FEDERAL MINISTRY OF HOUSING AND URBAN DEVELOPMENT, MABUSHI-ABUJA.

 It is my pleasure to welcome you as member of this important committee and to congratulate you for being found worthy to serve in this capacity. Today marks a significant milestone in our journey towards enhancing transparency, accountability and effective financial reporting.

2. Your committee is expected to implement all the operational guidelines issued by the office of the Accountant -General of the Federation vide Treasury Circular Ref.No TRY/A5 & B5/2014 OAGF/CAD/POL./C.0301/VOL.1 dated 23^rd October ,2014 captioned “steps to successful Implementation of International Public sector Accounting Standards (IPSAS) Accrual Basis in Nigeria by 2016” that will ensure the successful implementation of IPSAS by the ministry especially on the Identification,  measurement and Disclosure in our books of account and financial statement, all Non-current Assets of the Ministry including Legacy Assets (Property, Plant and Equipment) acquired prior to commencement of IPSAS Accrual effective 1^st January 2016.Moreso, with the recent pronouncement by the Accountant-General of the Federation of the intention to sanction MDA,s that fail to upload their Legacy Assets to the GIFMIS platform on or before 31^st December,2024 so as to reduce drastically the negative Net Assets of about 33 Trillion Naira which is not good for the Financial Position of the country.

3. I therefore charge you to work collaboratively, leveraging your collective expertise to overcome any obstacles and achieve the committee’s goals. I also want to assure you of my resolve to provide necessary support towards a seamless discharge of your duty.

4.  Again I congratulate you on your nomination to serve the nation in this capacity. I wish you God’s guidance.

5.  It is therefore my honour and privilege to inaugurate the IPSAS Implementation committee of the Federal Ministry of Housing & Urban Development.

 Thank you all!         

PHOTO SPEAK: PUBLIC PRIVATE PARTNERSHIP RENEWED HOPE HOUSING SUMMIT IN ABUJA ON MONDAY 17/3/25

From left: Convener, Renewed Hope Housing Summit, Dr Olayemi Rotimi-Shodimu; Minister of Housing and Urban Development, Ahmed Musa Dangiwa; Chairman, Senate Committee on Land, Housing and Urban Development, Sen. Aminu Tambuwal; Permanent Secretary, Federal Ministry of Housing and Urban Development, Dr Shaibu Belgore; and the Founder/Chief Executive Officer, NISH Affordable Housing Limited, Dr Yemi Adelakun, during the Public Private Partnership Renewed Hope Housing Summit in Abuja on Monday (17/3/25)

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THE OCCASSION OF THE INAUGURATION OF THE FEDERAL MINISTRY OF HOUSING AND URBAN DEVELOPMENT 2025 PROCUREMENT PLANNING COMMITTEE (PPP), BY THE PERMANENT SECRETARY, DR SHUAIB BELGORE

The occassion of the inauguration of the Federal Ministry of Housing and Urban Development 2025 Procurement Planning Committee (PPP), by the Permanent Secretary, Dr Shuaib Belgore

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