In a strategic effort to bridge theory with practice, Ogun State Ministry of Finance has immersed students in the practical workings of public finance administration.
This practical knowledge was imparted during an educational tour to the Ogun State Ministry of Finance, by students of Federal College of Fisheries and Marine Technology, Lagos, at the Ministry of Justice conference room, Oke-mosan, Abeokuta.
In a keynote address, Permanent Secretary, Ministry of Finance, Mr. Adesina Towolawi, described the engagement as a vital exposure that would strengthen the academic foundation of the students and prepare them for professional responsibilities in both public and private sectors. He charged the students to listen with rapt attention and maximise the rare opportunity to learn directly from experienced public finance administrators.
Delivering goodwill messages at the event, were the Permanent Secretary, Ministry of Budget and Planning, Mr. Ahmed Adetona; the Auditor-General of the State, Mr. Lateef Balogun; and the Permanent Secretary/Accountant-General (State Treasury), Mr. Olalekan Taiwo, collectively emphasised the importance of transparency, fiscal discipline, accountability and strategic planning in managing public resources, noting that sound financial management remained the backbone of sustainable governance.
Facilitators during the practical sessions guided the students through the processes involved in public sector budgeting, from preparation and legislative approval to implementation and monitoring; detailed explanations on government revenue generation, taxation frameworks and the role of fiscal policy in economic stability and development as well as expenditure control mechanisms and treasury management procedures designed to ensure efficiency and safeguard public funds.
In his remark, the Head of Department, Public Administration in the school, Mr. Adeoye Adebayo, stated that the tour was organised to enable students experience real-life applications of concepts previously taught in the classroom before graduation. He expressed appreciation to the Ogun State Government and the Ministry of Finance for opening their doors to the students and enriching their learning experience.
Representing the students, Lizzy Nganji and Timileyin Olanrewaju, expressed their gratitude to the Ministry for the knowledge imparted and described the exposure as enlightening and priceless to their academic and professional growth.
Bolaji Abiodun & Doyinsola Ajisebutu,
Information and Public Relations Officer, Min. of Finance