When President Muhammadu Buhari said there is no more hiding
place for looters or room for people to loot our nation's treasury through
secret budgets anymore, some thought he was joking. Alas! Mr President has
written himself into history as he forwarded budgets of agencies and
corporations not captured in the national budget to the National Assembly for
consideration.
President Buhari’s action is predicated on his stand that
government money must be spent openly. And his position is backed by the Fiscal
Responsibility Act of 2007. In a June 30 letter to Speaker of the House of
Reps, Yakubu Dogara, the president submitted budgets of 38 agencies and
corporations.
The submitted budgets were that of:
Central Bank of Nigeria (CBN), Federal Inland Revenue
Service (FIRS), Nigerian National Petroleum Corporation (NNPC), Nigerian Ports
Authority (NPA), Securities and Exchange Commission (SEC) and National Agency
for Food and Drug Administration and Control (NAFDAC).
Others are Bureau of Public Enterprises (BPE), National
Maritime Authority (NMA), Federal Airport Authority of Nigeria (FAAN), Nigerian
Communications Commission (NCC), Nigerians Deposit Insurance Corporation
(NDIC), Nigerians Immigration Service (NIS), Federal Housing Authority (FHA),
Federal Mortgage Bank (FMB) and Corporate Affairs Commission (CAC), among
others.
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