Niger State Government of Nigeria
Request for Expression of Interest (REOI)
Engagement of Public Financial Management Consultant
Country: Nigeria
Project: Public Sector Governance Reform & Development Project (World Bank Assisted)
Credit No: Po97026
Project ID: NGSPSGR&DP/PFMC01/013
Contract No:
1.0 Background
The Federal Government of Nigeria has received a credit from the International Development Association (IDA) towards the cost of implementing the Public Sector Governance Reform and Development Project (PSGR 4 DP). The overall objective of the project is to improve transparency, accountability and quality in Public Financial Management and Human Resources Management with a view to strengthen governance in participating States. Niger State is a beneficiary of this credit and intends to apply part of the proceeds for consultancy service in Public Financial Management Reforms.
Niger State Public Sector Governance Reform and Development Project now invite eligible consulting firms to indicate their interest in providing the services. (Public Financial Management with special attention to Accounting Expenditure Control and Financial Reporting) Interested firms must provide information indicating that, they are qualified to perform the services (brochures, description of similar assignments, experience and evidence of similar assignment carried out in the past with relevant references, and availability of appropriate staff etc.
1. Objectives
The financial management reforms aim at: –
i) Providing a system of accounting that reflects accurately, and in accordance with recognized accounting standards, the flow of transaction and the year end stock of financial resources of the State Government in a timely manner and serves as key instruments in the formulation and implementation of State Government Policies.
ii) Reinstating effective expenditure control by overhauling existing processes such as a commitment controls and payment authorization/approval, and
iii) Rapidly enhancing the quality and number of professional staff in the service.
2. Scope of Services
- Conduct an extensive review of current accounting practice, highlighting in particular, their strengths and weaknesses.
- Develop standard charts of accounts in line with the National Chart of Account and recommendations of the IPSAS gap analysis.
- Introduce new classifiers such as function program, virtual poverty fund for introducing Multi-year Budget Framework (MYBF) and poverty related expenditure tracking, fund source and geographic location.
- Review existing business process of the Treasury Department from appropriation commitment control for budget execution, receiving accounting and recording, the receipt of monthly transactions from all spending MDAs to the production of trial balance, general ledger, monthly and Annual accounts to records management.
- Develop a revised and more robust business process for revenue, expenditure, assets and liability, with adequate internal controls. Where the computer-based information systems will take over from earlier system, recommend changes and conduct staff training in all revised processes and procedure.
- Conduct a general review of the existing initial control environment including the effectiveness of initial audit, due process and other internal control variable.
- Ad as a facilitator in conducting series of seminars to enlighten the Chief Executives, Legislators and other Stakeholders on PFM reforms.
- Improve cash management through i) strengthening revenue and expenditure forecasting; ii) implementation of a cash management system based on quarterly cash plans, with month spending programs, that identifies and matches the flows of revenues with those of disbursements and provides explicit contingency plans; and iii) a substantial reduction in a number of State bank accounts towards a Treasury Single Account (TSA) concept; and iv) execution of appropriate training for central Ministries and MDAs Managers and Staff on Accounting Standard, new chart of account, new business process and reporting.
- Assist the Government in prioritizing the implementation of appropriate government accounting standards that are in full accord with IPSAS. These will necessarily include the recommendations that determine:
a) The accounting basis and choice of appropriate accounting standard in accordance with IPSAS.
b) Assist with the implementation of the National chart of account (including structure of fund accounts and ledgers) in line with the recommendations of the IPSAS gap analysis.
c) The treatment of contingency liabilities; and
d) The format of annual financial statement.
4. Minimum Qualification
a) Team Leader: a public financial management expert who must be a Professional Accountant with International recognized professional qualifications, plus a minimum of first degree in Economics, Business Administration or Accounting and not less than 15 years post qualification experience and also have participated in consultancy assignment in public sector accounting standard (IPSAS).
Other key staff must also include public sector financial management expert with a minimum of 12 years experience, minimum of first degree in Economics/Business Administration/Public Finance or related field and must be ICT compliant.
– Vast knowledge of the Nigerian Public Sector and demonstrable experience and expertise in public sector accounting, auditing and financial management reform in Nigeria or elsewhere.
– Experience in similar assignment will be an added advantage.
5. Selection of Consultant
A reputable Professional Accounting Firm with considerable experience in Public Sector Accounting and Financial Management shall be selected using Consultant Qualification (C.Q) method and in accordance with the procedures set out in Guidelines: Selection and Employment of Consultant under IBRD Loans and IDA Credits by World Bank Borrower January, 2011.
Interested consulting firms may obtain further information at the address below during office hours 0900 to 4:00 p.m. Monday through Friday except public holidays.
Expression of interest (one original, two copies) in a sealed envelope clearly marked “Expression of Interest for Public Financial Management Consultant” must be delivered to the address below on or before 29th July 2013 during office
hours 09:00am to 4:00 p.m. Monday through Friday except public holidays only short listed firms would be invited or notified for further correspondence.
Niger State Public Sector Governance Reform and Development Project Attention:
Project Coordinator
SPCU Secretariat
No. 48, Okada Road, Minna
E-mail: nigercapacitybuildingproject@gmail.com
Tel No.: +23408036780510, 08034344444
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