NLNG Corporate Caring banner First bank SME Connect Fidelity bank card banner Emerald Energy Institute Camano banner

Senate to Presidency: Expedite action on release of budget funds

By Onyedi Ojiabor, Abuja on 03/07/2018

Gmail icon

Views: 675

•Senate during plenary
•Senate during plenary

The Senate Tuesday asked the Presidency to expedite action on the release of funds for the implementation of 2018 budget project.

The upper chamber said that expeditious release of funds for the implementation of the budget is the only way Nigerians could begin to appreciate the positive impact of the fiscal estimates.

Senate President, Abubakar Bukola Saraki, stated this in his address to welcome senators back to plenary Tuesday.

Saraki also charged senators to “fasten to their seat belts and power on with the work we have been tasked to do.”

He said that posterity is watching them “and history will vindicate us if we do the job with diligence and in truth.”

Saraki said, “Happily, the 2018 Budget has been signed by the President. We call on the Executive to expedite the release of funds for Budget implementation, so that our people can begin to see the positive impact in their lives without delay.

“We as the Senate must continue to exercise our oversight functions to ensure successful implementation and value for money.

“Naturally, we continue to work towards reforming the budgetary process. Clearly, it is necessary for the Executive and the Legislature to work towards a more robust engagement on the need for a better budget environment and process, going forward.”

Saraki said that it is clear that internal tensions are also a reflection of the economic condition of Nigerians.

He said that all stakeholders should put economic bills on the fast lane in order that “we may conclude them, so that we can open the door to greater opportunities for our people.”

He noted that growth and development could only serve to deepen the country’s democracy.

“To this end, I call on Committees that have not reported on their various mandates to quickly do so, so that we can conclude work on outstanding bills intended to create economic prosperity for Nigerians.”

Saraki said that the Senate clocked its third anniversary while they were on break and given the somber mood of the nation, there was no celebration.

He noted that they have had occasion to get an overview of the considerable achievements of the Eight Senate since its inauguration on June 9, 2015.

Said, “Indeed, we have come a long way, and have set a new bar in the legislative history of this country. We have passed 213 Bills in the period under review and cleared 138 Petitions – surpassing in three years the records of the entire four-year terms of every previous Senate.

“This is no mean feat. As we hit the home run, therefore, it is important we do not back-pedal or slow down; we must intensify efforts towards doing all that we are sworn to do for the electorate that voted for us as their representatives.

“With the backing of the people, we have been able to introduce landmark legislation that has helped boost our recovering economy.

“These include: the Companies and Allied Matters Act (CAMA), which is the most significant business reform Bill in Nigeria in nearly three decades. As a result of the signing into law of the Secured Transactions in Movable Assets Act and the Credit Bureau Reporting Act, for instance, Nigeria was upgraded on the World Bank’s annual Ease of Doing Business ranking.

“This has been a very welcome development for our economy and for restoring investor confidence in our business terrain. “Other landmark economic Bills include: the Warehouse Receipts Bill, the Nigerian Railways Authority Bill, and the National Transportation Commission Bill.

“We have given tremendous support to the fight against corruption with the passage of Bills such as: the Mutual Assistance in Criminal Matters Bill, the Witness Protection Bill, the Whistleblower Protection Bill and the Federal Audit Service Commission Bill.

“You will recall that it was the quick intervention of the 8th National Assembly – through the passage of the Nigerian Financial Intelligence Unit Bill (NFIU) – that saved Nigeria from being expelled from the global community of the Egmont Group.

“It was in the life of this Senate that we finally ‘split the atom’ of the once intractable Petroleum Industry Bill (PIB), after almost two decades in the legislative wilderness.

“We split the Bill into four manageable parts; and, not only have we passed the first of those, the Petroleum Industry Governance Bill (PIGB), we have started work on the remaining three – the Administrative, Fiscal and Host Communities components of the Bill and have already taken them up to Public Hearing stage.

“The clock is ticking and we must ensure that we conclude work on the remaining PIB Bills as soon as possible. Nigerians deserve no less.

“Our many interventions over the last three years, have shown that we are a Senate that is responsive to the needs of the people.

“This is observable in the constitutional amendment Bills that we have passed. Notable among these is the #NotTooYoungToRun Bill, which received Presidential assent on May 31, 2018, to wild jubilation around the country, due to the momentous generational shift it is expected to trigger in national leadership, in paving the way for the greater participation of youths in governance.

“A youth-oriented focus has similarly informed our engagement with relevant organisations on youth development and empowerment, in order to create jobs that will usefully occupy our teeming youths.

“We should be rightly proud of the milestones we have reached in this regard, because as we all know, youth inclusiveness is key to sustainable democratic governance.

“As a people-oriented Senate, we have made major interventions on the drug abuse epidemic afflicting our communities, especially the youth demographic. In so doing, we have helped spark a national debate about drug abuse that is now the subject of major media attention.

“Additionally, we have drafted two Bills to tackle the problem, namely the Drug Control Bill and the Mental Health Bill. It is now incumbent on us to introduce these Bills and for the legislative process on the two to begin without delay, following their review by the relevant Civil Society Organisations and other stakeholders.

“Among our most transformative achievements, my distinguished colleagues, is the step we have taken to make healthcare a right of Nigerians, and to put it within the reach of our entire population of 180 million people.

“This we have done through the setting aside of 1% of the Consolidated Revenue Fund (CRF) to establish the Basic Healthcare Fund in the just concluded 2018 Budget.

“This is grounded in our belief that all Nigerians, no matter their economic status, deserve access to qualitative and affordable healthcare, to make for a stronger Nigeria with healthy and vibrant citizens who will, in turn, drive the country’s growth and development.

“We are resuming plenary today under a pall of national anxiety and apprehension over the state of insecurity in the country.

“We have been alarmed at so many senseless killings of Nigerians, with the high number of casualties in Plateau being among the most egregious of late.

“We held a Security Summit some months back, specifically to address the rising insecurity and to work out strategies in collaboration with security agencies on safeguarding Nigerian lives.

“We set up the Ad-Hoc Committee on the Review of Security Infrastructure in Nigeria, chaired by Senate Leader Ahmed Lawan; and we must now take steps to consider the Report of that committee and take forward the recommendations therein as may be appropriate.

“Events have shown that we were right to take these steps in response to the security challenges facing the nation at this time.

“Let me reassure Nigerians that we are as concerned as they are in the face of this challenge; and we continue to hold government accountable, in order to see to improvement in this area. In addition to the Security Summit earlier mentioned, we held briefings with Security Chiefs in a bid to better understand the problems; and have urged them to table their requests for more funds, so that the legislature can work on that aspect as well, to better equip the security forces to protect lives and property.

“Through our oversight functions, we can ensure the proper utilisation of such funds and see to it that we have full accountability in the management of the current security crisis.

“I must say, once again, that the responsibility for ensuring security rests with each and every one of us. Issues of criminality are involved in these heinous acts, and the vigilance of community leaders and the average citizen is crucial, to assist the security agencies do their job.

“For us as the Senate, it does seem that these issues are also an indication that it is time to revisit the issue of State Police; and to devise a framework for the mopping up of the 350 million pieces of light weapons estimated to be in circulation within our borders – an alarming ratio of three weapons to one person.” (The Nation)

Source News Express

Posted 03/07/2018 8:11:39 PM

 

 

CLASSIFIED ADS

 

You may also like...
Buhari may be APC’s last President — Party...
Secret sickness kills Ghana’s president
Gunmen kidnap American woman in Kogi

Suspect who made N200m from kidnapping in 6...

Lagos, FG to partner on housing provision for...

Ogun: Police allege plan to unleash violence by...

2019 Lagos Guber: APC leaders, members being misled,...

Nigeria, Congo DR Friendly: Disu explains Super Eagles’...

Fashola urges court to dismiss Falana’s suit seeking...

Melaye vs Police: Embattled Senator’s spokesman clears the...

Troops rescue 54 Boko Haram captives

Enyeama quits Super Eagles after humiliation by Oliseh...

 

Latest News BREAKING: Oshiomhole gets ultimatum to resign as APC chairman Why I am confident of a second term 5,000 Boko Haram terrorists in military’s net — Buratai Noise pollution: Lagos threatens to close down mosques, churches, others Expel Obaseki, Edo APC LG Chairmen tell Party’s National Leadership Kogi Polls: Armed thugs to be shot on sight, IGP warns Outrage over proposed death sentence for hate speech Why kidnapping is rampant in Kuje — Residents Court Ruling: Secondus demands disqualification of Bayelsa governorship candidate School Principal killed in Taraba ambush We will fight FG to finish on IPPIS ― ASUU Unpaid Salaries: 500 teachers protest, block Cross River Governor’s Office

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (561,706 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (451,798 views) Shameless Genevieve Nnaji exposes breasts in public (400,757 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (334,816 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (303,148 views) 10 cars more expensive than Jets (279,460 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (258,497 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (256,607 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (238,110 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (224,429 views) Lagos plane crash: Journalist releases victims’ names (201,095 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (197,886 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (108) Business & Economy (4,564) Business Verdict (86) Columnists (1,142) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (702) Features (844) Global Business Monitor (493) ICT Monitor (67) International (4,198) Interview (211) Live Commentary (30) Love Matters (176) Maggie's Blog (481) News (53,894) Opinion (1,418) Pidgin (17) Politics (11,700) Religion (1,118) Sports (2,221) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera