The participants were senior officers drawn from the army headquarters as well as other formations and units in the army.
Closing the conference, the Acting Army Chief of Accounts and Budget, Brigadier General Jahadi Jakko, said the conference was designed to enlighten officers on guidelines necessary for defence procurement.
“The issue of procurement in the Nigerian Army in particular and defence procurement in general has become quite challenging.
If you recall contracts that are awarded in January last year were based on the dollar exchange rate of N197 to dollar.
And most of our defence procurement, particularly the hard wares, the arms and ammunitions are denominated in dollars even though we have to convert them to our currency in naira.
Today, if you are to execute such contracts with the increase of naira exchange from N197 to like N350 today, you can see that you might not even be able to pay half the price of a contract.
Now these are part of the challenges that are confronting us,“ he said.
Jakko said the central objective of the reforms of the Federal Government was to promote transparancy and accountability in all aspect of public bureaucracy.
The General Officer Commanding(GOC), 81 Division of the army, Maj.-Gen. Isidore Edet, who was the special guest of honour, advised the officers to always follow the leader.
“The leader in the nation today has brought a change which we should all follow,“ he said.
He enjoined officers to also show improvement in leadership qualities.
The theme of the 2016 Chief of Account and Budget Conference, “Defence Procurement: Imperative of the Public Procurement Act (2007) for the Nigeria Army’’, was held at the Army Finance Corps, Lagos.
The conference was attended by about 40 officers with souvenirs awarded to some senior officers.
The army top brass at the closing ceremony includes Brig.-Gen. C. Agulanna, Brig.-Gen. E. Edafioghor, Brig.-Gen. M. Aminu- Kano(rtd.) among others