To develop, evaluate
and implement effective and enduring policies relating to financial matters and
activities of the State;
To formulate policies and programmes that will promote the development of cottage and small scale industries in the state.
To promote programmes and activities that will attract Development Finance Institutions to the State and liaise with diplomatic communities on financing Anambra State.
Other key responsiblities are:
– Implementing government decisions on financial policies
– Advising the State Government on policy directives aimed at the efficient allocation of the State’s financial resources
– Coordinating Federal Accounts Allocation Committee (FAAC) matters
– Managing relationships with Federal Agencies like Revenue Mobilization and Fiscal Commission, Debt Management Office, Central Bank of Nigeria, Federal Inland Revenue Service, Federal Ministry of Finance, Federal Road Safety Corps, etc.
– Custody, allocation and distribution of Government Funds
– State Government accounts maintenance and banking.
– Conducting policy research and analysis involving expenditure of public funds
– Management of the State domestic and external debts
– Supervision of Board of Internal Revenue
– Supervision of Pools Betting/Gaming, Lotteries, Lotto and Casinos
– Processing of salaries for the workers
– Production of State Annual Accounts
His Excellency, Chief Dr. Willie Obiano has in his usual manner made sure that the Ministry functions efficiently and delivers promptly on its functions.
Anambra State is one of the very few States that did not take any bailout loan from the Federal Government to pay salaries. Workers’ salaries are paid judiciously on the 25th of every month. When the Governor perceived that there were possibilities of have ghost workers on the State’s payroll, he took a drastic and result-oriented approach of installing biometric machines to clock attendance and payment of one month’s salary by physical cheques in order to fish out the culprits.
With the dwindling global oil prices with attendant dwindling Federal Allocation of funds,
the Governor set up the Fiscal Responsibility Commission headed by the Honourable Commissioner for Finance, in response to the quest for a regime of prudent, ethical and efficient management of the State’s resources. It is aimed at building structures around optimizing and prioritizing the use of the scarce resources available.
The Governor in his desire to be very transparent to Ndi Anambra on funds availability and utilization, was able to throw light on the purported N75 billion in the Handover Note of the past administration. The truth told to our people was worth every bit of the dust it raised.
He has used the Ministry of Finance to effectively monitor the activities of the Government transport agencies and streamlined them to start making positive contribution to State’s IGR.
The Governor, being a Banker per excellence, has started negotiations to clear all the commercial bank loans inherited from the previous administrations so that the State will maintain a healthy balance sheet.