FEDERAL MINISTRY OF POWER, WORKS & HOUSING

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FUNCTIONS OF THE FINANCE AND ACCOUNTS DEPARTMENT
29 January, 2018

The Finance and Accounts Department of the Power Sector of the Federal Ministry of Power, Works and Housing is headed by the Director (Finance and Accounts) and is divided into four functional divisions,namely: Budget, Capital Expenditure, Recurrent Expenditure and Finance.  The functions of the Department are as follows:

⦁    Ensuring compliance with Financial Regulations by staff under the control and supervision of the Power Sector of the Ministry;
⦁    Ensuring adequate supervision of the disbursement of funds;
⦁    Advising the Accounting Officer on all financial matters as well as the more technical provisions of Financial Regulations and other Treasury and Finance Circulars;
⦁    Liaising with Accountant-General of the Federation in the interpretation of the provisions of the Financial Regulations and other Treasury Circulars;
⦁    Preparation,compilation, submission and defense of the Budget of  the Power Sector;
⦁    Receipt, custody, disbursement and accounting for funds,as well as monitoring of recurrent and capital budgets of the Power Sector;
⦁    Request forand receipt of funds from the Office of Accountant-General of the Federationfor Warrants and AIEs issued to the Sector;
⦁    Liaising with the Federal Ministry of Finance, Ministry of Budget and National Planning, Budget Office of the Federation and the National Assembly on matters relating to the Budget of the Power Sector;
⦁    Proper monitoring and accounting for revenues;
⦁    Maintenance of proper accounting records and books e.g. Vote Books, Cash Books, Registers, Ledgers,etc.;
⦁    Rendition of financial returns to the Office of the Accountant-General of the Federation and Preparation of Monthly Statement of Vote Balances for submission to the Permanent Secretary and Honourable Ministers;
⦁    Responding to audit queries issued by the Internal and FederalAudit Units, Offices of the Accountant-General and Auditor-General for  Federation and the Public Accounts Committees of the National Assembly;
⦁    Supervision of Nigeria Bulk Electricity Trading Company Plc.,(NBET) and Nigerian Electricity Liability Management Company Ltd (NELMCO);
⦁    Other functions as may be directed by the Permanent Secretary and Honourable Ministers.

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PHOTO NEWS
12 April, 2017

FASHOLA AREGBESOLA AT THE 14TH MONTHLY MEETING OF POWER SECTOR OPERATORS IN OSOGBO

Hon Minister of Power Works Housing Mr Babatunde Fashola SAN right Governor State of Osun Ogbeni Rauf Aregbesolamiddle and Deputy Governor Mrs Titilayo Laoye Tomorileft during the 14th Monthly Meeting with Sectoral Paricipants in the Power Sector hosted by the Transmission Company of NigeriaTCN at the National Control Centre NCC Osogbo Osun State on Monday 10th March 2017

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PHOTO NEWS
21 May, 2018

FASHOLA INSPECTS ONGOING CONSTRUCTION WORK ON 2ND NIGER BRIDGE IN ANAMBRADELTA STATES ON DAY THREE OF TOUR OF INFRASTRUCTURE PROJECTS IN THE SOUTH EAST ZONE

Personnel of Julius Berger Plc at workduring theinspection tour of the ongoing construction work on 2nd Niger Bridge in Anambra and Delta States by theHon Minister of Power Works Housing Mr Babatunde FasholaSANon Day Three of his inspection tour of Federal Government Infrastructure Projects in the South East Zone of the country on Thursday 19th May 2018

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