Senate to legalize constituency projects - Saraki

Date: 2017-09-26

Senate President Bukola Saraki yesterday said a bill to legalize constituency projects is being considered to address controversies trailing it.

Speaking during a public hearing on three bills tagged," constituency projects (budgetary provision bill), Tax incentives management bill and Companies Income Tax (Amendment) organised by the Senate committee on Finance, Saraki said the bill will ensure that every local government is covered in the allocation of projects in the annual budget.

"In some African democracies with similar presidential system as ours, like Kenya and Uganda; there exist legal and institutional frameworks for the implementation of constituency projects.

"This is to forestall controversies that might arise because of the poor understanding of the implementation process. I am hopeful this bill will aid constituency project implementation oversight and ensure its equitable distribution and execution," he said.

Saraki said it was pertinent to educate the public that this bill is not to empower the National Assembly members to take 20% of the annual budget and use it for personal consumption.

"That has always been the false understanding of constituency projects even amongst the most educated Nigerians. Members of the National Assembly merely identify the needs of their constituents and recommend to the Executive during budgeting.

"Ultimately National Assembly members have no direct control over the release of funds and all payments are processed and effected in accordance with government regulations," he said.

Also speaking, chairman of the Senate committee on finance, Senator John Enoh (PDP, Cross River) said the two other bills when passed would assist in blocking revenue leakages, enhance tax collection and stimulate the economy.

Source

Click to add/read Comments

 

 


Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Hameed Oladipupo Ali     Lukman Adeloyin     Abubakar Suleiman     Oke-Kura     CCB     SGBN     Yoruba     Women For Change And Development Initiative     Aisha Buhari     NTA Ilorin     Nurudeen Muhammed     Labaeka     International Aviation College     Aiyedun     Taofik Abdulkareem     Offa     Wale Oladepo     Cornelius Adebayo     Rueben Parejo     Odolaye Aremu     Nurudeen Mohammed     Ohoro Of Shao     Abdullahi G. Mohammad     Saka Adeyemo     KWASAA     Borgu     Suleiman Ajadi     Olushola Saraki     Firdaos Amasa     Oye Tinuoye     Bankole Omishore     Tayo Alao     LEAH Charity Foundation     Balogun Gambari     Igbaja     Oba Sulaiman Asude     Aro Yahaya     Joseph Daudu     Ishaq Oloyede     Gobir     Najim Yaasin     Oba Abdulkadir La'aro     Maigidasanma     Oniyangi Kunle Sulaiman     V.O. Abioye     Jimoh Lambe Abdulkareem     Balogun Ajikobi     Akeem Olatunji     Onilu     Abubakar Olusola Saraki     Toyin Saraki     Hamidat Sulyman-Yusuf     Laduba     Sa'ad Alanamu     Olusegun Adeniyi     Rex Olawoye     Iqra Books     Oasis Muslim Care Foundation     GRA     Kwara State Internal Revenue Service     Jani Ibrahim     Baba-Isale     Asa     Aminat Omodara     Adamu Ibrahim Sabi     Simeon Sule Ajibola     NaAllah     Gambari     Elerinjare     Goodluck Jonathan     Sola Saraki Educational Foundation     Mohammed Katsina Ahmed     Bilikisu Gambari     Kudirat Arinola Lawal     Kehinde Baale     Tunji Oyawoye     Abubakar Abdulraheem