Buhari Decries Non-Audit Of Petroleum Industry

Must Read

Court Asks DSS To Probe Bayelsa Deputy Governor For Certificate Forgery

The All Progressive Congress(APC) has launched a counter-attack on the newly sworn-in deputy governor of Bayelsa state, Lawrence Ewhrudjakpo...

I Didn’t Forge My Certificate – Sacked Bayelsa Gov-Elect

The sacked deputy governor-elect of Bayelsa state, Biobarakuma Degi-Eremienyo has called a press conference where he stated that he...

Rep Introduces Bill On Automatic Employment For Graduates After NYSC

Eta Mbora, who represents Calabar Municipal/Odukpani federal constituency of Cross River State in the lower chambers of the National...

Fani-Kayode Hails Zulum, Matawelle On Fight Against Insurgency

Former minister of aviation, Femi Fani-Kayode has hailed the Governors of Borno and Zamafara States, Babagana Zulum and Bello...

Adamawa State Polytechnic Sacks Four Lecturers Over Exam Malpractice

Four lecturers of Adamawa State Polytechnic, Yola, have been dismissed after investigation revealed that they were responsible for modifying...
daniel
Ardent Reader, News Freak, Socio-Political Commentator, Archaeologist & Pro-Democrat.

Muhammadu-BuhariA former Head of State, Gen. Mohammadu Buhari, on Monday urged the National Assembly to adopt a holistic approach to ensuring transparency and accountability in the oil and gas sector.

Buhari made the call at a roundtable for Legislators and Civil Society Organisations organised by the Progressive Governors Forum (PGF) in Abuja.

PGF is a forum of 16 state governors who are members of the All Progressives Congress (APC).

The theme of the roundtable was; “Improving governance through transparency, budgeting, accountability and effective public financial management”.

He noted that it was a duty of legislature in every democracy to demand accountability in the management of national resources from the executives.

Buhari, who decried lack of transparency in the management of petroleum industry, stressed the need for the legislature to champion the fight against corruption in the industry.

He said petroleum industry accounted for 85 per cent of domestic revenue and 90 per cent of foreign revenues in the country, hence the need for proper auditing of the industry.

“It is unfortunate that the legislature has allowed the most important sector of the Nigerian economy for eight years without being audited”, Buhari said.

The Chieftain of All Progressive Congress (APC) said that NASS oversight functions should be reinvigorated to ensure strict compliance with budgetary provision.

He expressed concern over lack of functional refinery in the country as one of the major oil producing countries in the world.

Mr Femi Gbajabiamila, Minority Leader, House of Representatives, proposed the review of the timeframe for budget presentation by the executive to Sept 30 of evey year.

His words: “I propose an amendment to the words ‘anytime’ to September 30 which gives the legislature three clear months to work on the budget before the beginning of the next fiscal year”.

Gbajabiamila said fiscal federalism must feature prominently in allocation of resources and urged NASS to shun being partisan during budget consideration.

The Chairman of the PGF, Gov. Rochas Okorocha of Imo, expressed determination of APC to provide good governance that would promote equity, transparency and the rule of law.

Okorocha said that the objective of the roundtable was to address the problem of poor public finance management on the delivery of public goods and service.

“APC is desirous of building strong partnership with civil society organisations aimed at strengthening capacity of citizens to engage governments at all levels.

“The APC would also ensure that all public officials are transparently accountable”. (NAN)

- Advertisement -
Ad ==> Discover how a young Nigerian graduate now makes a consistent 40k per week doing a legitimate online business. You too can start yours now, click here!!!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More Articles Like This

- Advertisement -