Category: Policy and Strategy
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The International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS) were adopted as the official accounting standards for Nigeria in 2010, under Goodluck Jonathan’s administration, based on the recommendations of the IMF and the World Bank. The exercise took off with earnest determination across the country. When Buhari’s administration came in on…
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President Tinubu’s policy of Nigeria First in the procurement of goods is a welcome development. But what are its implications for the implementation of IPSAS in Nigeria?