1000080485 OBSTETRICS & GYNAECOLOGY SURGERY REVOLVING
Reference: gifmis.gov.ng/grr-number/
GIFMIS
Government Integrated Financial Management Information System (GIFMIS) is an information technology based system for budget management and accounting. It is made by the Federal Government of Nigeria to improve Public Expenditure Management processes, enhance greater accountability and transparency across Ministries, Departments and Agencies.
GIFMIS is designed to make use of modern technologies to help the Government of Nigeria plan and use its financial resources more efficiently and effectively.
It has to do with:
Budget preparation and execution
Treasury management and reporting
General ledger and financial reporting
Procurement, including Commitments, purchase orders, Maintenance of a central supplier register and Support for e-procurement
Receipting, Accounts Receivable and Revenue Management
Payments and Accounts Payable
Inventory and Stock Control
Fixed Asset Management
Project accounting
GIFMIS implementation enables the Federal Government of Nigeria to process financial transactions faster and at a much lower cost. GIFMIS also improves the reliability of management information. This increases the speed at which decisions are taken and services delivered to the general public. It also reduce opportunities for corruption and ensure safety of public resources.
GIFMIS supports public resource management. It’s a targeted anti-corruption initiative, modernising fiscal processes, using better methods, techniques and information technology.
The GIFMIS is aimed at improving the acquisition, allocation, utilisation and conservation of public financial resources using automated and integrated, effective, efficient and economic information systems. The GIFMIS will aid strategic management of public financial resources for enhanced accountability, transparency, cost effective public service delivery, and economic growth and poverty reduction efforts.
Purpose of GIFMIS
The purpose of introducing GIFMIS is to assist the FGN in improving the management, performance and outcomes of Public Financial Management (PFM). The immediate purpose of this project is to enable an executable budget, i.e. a budget which can be implemented as planned by addressing the critical public financial management weaknesses including:
Failure to enact the budget before the start of the financial year
The budget is not based on realistic forecasts of cash availability
Lack of effective cash management – multiple bank accounts within Treasury and MDAs that make effective control impossible; when combined with the lack of cash forecasting this leads to inefficient and unplanned borrowing.
A lack of integration between different financial management functions and processes, e.g. budget is prepared in a way that makes it difficult to manage the budget execution through the chart of accounts.
Remita
Remita is a payment platform. It enables individuals, businesses, government, and financial institutions to make and receive payments online and offline.
It is owned by SystemSpecs.
SystemSpecs, a software company, was founded by John Obaro in 1991. The company is based in Lagos, Nigeria.
John Obaro
SystemSpecs commenced operations in 1992 as a reseller of SunSystems ERP.
In 2006 it developed Remita. An Account-to-Account Switch.
How to generate RRR (Remita Retrieval Reference)
To generate RRR (Remita Retrieval Reference) you will do the following:
• On the website, in the search box for biller, write the name of the MDA (Ministry, Department or Agency) to which you want to make payment
• On the search result, click on the name of the MDA you want to make payment to.
Remita will open the MDA page.
• Click on the type of item you’re paying for under ‘Name of service/Purpose.’
• Fill out the form correctly (choose a payment method, enter details as required)
• Confirm your details and click the ‘I am not a robot’ checkbox.
The system will automatically generate the Remita payment code (the RRR – Remita Retrieval Reference number).
▶ You can now use the code, the Remita Retrieval Reference (RRR), to make payments at the bank or online straight to the MDA you want. You will be given a receipt at the bank hall or via email if you pay online.
