This is the third article in a four-part series on the above subject. So far, we have looked at public financial management in the pre- and post-1992 periods and noted a number of reform initiatives in the latter period. However, we felt that those initiatives were not voluntary acts on our part but rather conditionalities imposed by international financial institutions for the grant of debt relief. Once we became the beneficiaries of the generosity of the IFIs and friendly countries, we turned our backs at these initiatives. As a result, most the initiatives were not followed through to finality so that we could derive the full benefit of them.
Today, we will reflect on the two remaining initiatives, namely the creation of the Revenue Authority;