Bukola Saraki

Good News! National Assembly budget to be published next week – Saraki

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The President of the Senate, Dr. Abubakar Bukola Saraki, said on Sunday that the budget breakdown of the National Assembly would be published next week.
This was contained in a statement signed by Mohammed Isa, the Special Assistant on Public Affairs to Saraki, and made available to News Agency of Nigeria in Abuja.

The statement said Saraki made the disclosure while speaking with a team of editors of the London based newspaper, the Economist.
Saraki, who is the Chairman of the National Assembly, said the publication of the details of the budget was in line with the anti-corruption stance of the 8th National Assembly.

He pledged that the legislature would not cover any form of corruption.
Saraki also said the budget of the Senate, which had never been made public before, would be published in line with the anti-corruption stance of the Senate.

He said: “For the first time we promised Nigerians that the Senate will disclose its budget breakdown, the committee will make its report available by next week.
“We are resolved to break the tradition of one line item.”

Saraki said the Senate would partner with President Muhammadu Buhari to ensure the success of the anti-corruption war.‎
He said the red chamber had already demonstrated its commitment to anti-corruption through its unravelling of transaction fraud such as the management of the Treasury Single Account.

He said the investigation the Senate conducted on the TSA saved the country over N7 billion, stressing that the 8th Senate would not hinder or water down any allegation of corruption.
On the economy, Saraki said the Senate was doing all within its power to create an enabling environment for the private sector to thrive.

He said: “It is only when the private sector thrives that the issue of unemployment will be addressed and the nation’s GDP will increase.
“Few days ago, we received a report on the laws that needed to be amended in order of priority importance to ease doing business and private sector participation in the stimulation of Nigeria’s economy.
“We will soon commence the implementation of the recommendations in the report in addition to pushing for the amendment of the Procurement Act to protect our local industries.”

Saraki allayed fears that the low prices of oil would have negative impact on the implementation of the 2016 budget, saying: “What we need to do is to block leakages and show more transparency.
“Without blocking leakages, even if oil was sold at more than $100 per barrel, Nigeria will still continue to witness decline in revenue in-flow.”

-NAN.

One comment

  1. Its nothing new in Nigeria. In recent memory both 2014 and 2015 budgets were signed mid may. That s not the issue. I believe the bigger issue is how well the budget is implemented rather than when it was passed.

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