Home News World Bank, Cross River Award N1.3 Billion For Upgrade Of Financial Technology

World Bank, Cross River Award N1.3 Billion For Upgrade Of Financial Technology


Akpan Etukudoh Asare

With supports from the European Union and World Bank, the Cross River State government has awarded a contract worth N1.3billion to Counterhouse Limited for the upgrade and re-implementation of the State Integrated Financial Management Information System (SIFMIS) of State and Local government Reform Project (SLOGOR).

Both parties signed a Memorandum of Understanding in Calabar, which event was moderated by the Ministry of International Donor Corporation and the Consultant.

Explaining, the Commissioner for International Donor Corporation, Mr. Francis Etta said the project was aimed at addressing the financial operations of the state with ease, so that at anytime and at whichever point, relevant officials can always access the state finances at the click of some buttons.

He added that the project was also targeted at adopting a long term strategy where Information and Communication Technology would be integrated into its operations and its Ministries, Departments and Agencies.

According to him,”the project is what we call SIFMIS and if that comes operationalised, it means the financial operations of Cross River State would be digitalized, at a press of a button, the budget is out, the accounting systems are out and the audited account of the state will just be out unlike the way we have been going manually that takes a whole lot of time to produce an account, that would become a thing of the past and that is the core essence.

“With the governor’s concept, being a digital governor, we want to digitalise the operations in Cross River State for him.”

The Managing Director and Chief Executive Officer of Counterhouse Limited, Mr. Rotimi Olugbohungbe assured the state of delivery the project in two weeks immediately the necessary things are put in place.

While commending the Governor, Senator Ben Ayade for choosing to digitalise, he said, “we always deliver ahead of schedule and that is what we are going to do for Cross River State and when the necessary thing is done, I think we can deliver in the next two weeks.”

Speaking earlier before signing the MOU on behalf the state, the State Co-ordinator of SLOGOR, Mr. Joseph Imbufe, disclosed that the National Project Coordinating Unit (NPCU) of SLOGOR had engaged the services of expert consultants to provide technical and quality assurance support towards the success of the project.


Please enter your comment!
Please enter your name here