Signalling Transparency, Saraki to Publish National Assembly Budget

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President of the Senate, Dr. Bukola Saraki

Omololu Ogunmade with agency report

After years of opacity regarding the finer details of the budgetary allocation to the federal legislature, the President of the Senate, Dr. Bukola Saraki, said sunday that the breakdown of the National Assembly’s budget would for the first time be made public next week.

This was contained in a statement signed by Mohammed Isa, Special Assistant on Public Affairs to Saraki, reported the News Agency of Nigeria (NAN) in Abuja.

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 that publication of details of the budget was in line with the anti-corruption stance of the Eighth National Assembly, promising that the legislature would not cover any form of corruption.

He also said that the budget of the Senate, which had never been made public, would be published in line with the anti-corruption stance of the Senate.

“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,” he said.

The breakdown of the budget of the National Assembly has always been shrouded in secrecy, thereby attracting harsh criticism from sections of the public over the salaries and allowances paid to the legislators.

The federal legislature has also been criticised for expending billions of naira every four years for the purchase of luxury cars for the leadership of the National Assembly and its members.

Saraki added that the Senate would partner with President Muhammadu Buhari to ensure the success of the anti-corruption war.

He said that the red chamber had already demonstrated its commitment to anti-corruption through its unravelling of fraud such as the management of the Treasury Single Account (TSA), noting that the investigation the Senate conducted on TSA, saved the country over N7 billion.

Saraki stressed that the 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.

“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 need to be amended in order of priority to ease doing business and private sector participation in order to stimulate 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,” he informed The Economist.

He allayed fears that the low prices of oil would have a 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 a decline in revenue in-flow,” he said.

  • Toby

    Hahaha!

  • Thompson Iyeye

    A good first step it will be to publish the budget of the national assembly. However, that by itself falls far short of expectation. Revenue has dropped due to fall in oil price. Lots of people have lost their jobs, as a consequence. Almost everyone is feeling the pinch. Members of the national assembly should also reduce substantially their stupendous salaries and allowances, which they corruptly allocated to themselves. Their continued failure to do this is not only paying lip service to fighting corruption, but considered outright unpatriotic.

  • chyke

    Can you believe this? Saraki has ten phones in front of him. This is incredulous

    • kenn

      You have an eagle eye..lol

    • Communicado

      No I think, they are reporters recording devices. They use it to record interviews or maybe I’m wrong.

    • vic

      and 10 wives at home, does not know which one to ride every night.

  • james_grim_teacher

    Transparency my foot. The leopard does not change spots.
    Simple experiment
    1. Put Saraki and a bag of money in a room. Normal temperature and pressure.
    2. Measure the weight of Saraki and mesure the weight of the bag of money
    3. Record your observations and Close the door on both for 30 minutes
    4. After 30 minutes, revisit room and measure the weight of Saraki and the weight of the bag of money
    5. Repeat this experiment six times.
    6. Plot your results on graph paper.
    7. The loss in the weght of the bag of money should be linearly related to the increasing weight of Saraki
    8. If you dont get this shape of graph, there is an error. Repeat the experiment

    • vic

      well done.
      very scientific and logical reasoning and conclusion befitting saraki 100%.

    • Kamalu

      Let’s give him the benefit of doubt by putting away his past. He must be commended for opting to lift the veil off the 2016 National Assembly budget. It signals two things: 1) the sign of good things to come and 2) That every element is falling in line to our President’s agenda on anti corruption.

  • vic

    MR SARAKI, FIRST PUBLISH THE DETAILS OF YOUR OWN PROPERTIES AND BANK ACCOUNTS ALL OVER THE WORLD AS A FIRST STEP TOWARDS DEMONSTRATING YOUR HONESTY AND TRANSPARENCY BEFORE YOU BEGIN TO DIVERT OUR ATTENTION AND TELL US CUCKOO LAND STORIES ABOUT THE 2016 BUDGET.

    MR SARAKI, YOU MUST KNOW BY NOW THAT YOU HAVE NO CREDIBILITY LEFT IN THE EYES OF NIGERIANS, NO MATTER HOW WHITE YOU TRY TO PAINT YOURSELF. IN THE EYES OF THE NIGERIAN AND THE NATION, YOU ARE THE FIRST RATE FINANCIAL CRIMINAL AND A HIGH THIEF WHO IS AFRAID TO FACE THE CCT PANEL. YOU KNOW IT WELL THAT YOUR FUTURE IS A MINIMUM OF 10 YEARS IMPRISONMENT IN KUJE PRISON SLEEPING AND DINING WITH LOW-LIFE COMMON ORDINARY CRIMINALS OF NIGERIA.

    SHAME ON YOU, YOU HOPELESS HYPOCRITE AND BOLDFACED SHAMELESS CRIMINAL OF NO RESPECT, NO SELF-DIGNITY, NO BASE AND INDEED NO CONSCIENCE. WHO ARE YOU FOOLING????????

    ONCE A THIEF, ALWAYS A THIEF!!!!

  • UOU

    Until we see it, hoping it will not be like the farce asset declaration by, the liar certificate less, baba ajasco traveller, global oil drinker, opec price controller general