Saturday 10 December 2016

Senate under fire over N1.4tn demand

The Senate, on Friday, came under attack over a plan to allocate 20 per cent of the national budget (N1.4tn) for constituency projects. 

Socio-political groups and experts, in separate interviews with Saturday Punch on Friday, said the demand for N1.4tn for constituency projects, clearly indicated that the lawmakers were insensitive to the plight of Nigerians.
They noted that the lawmakers had not given a good account of themselves in handling the projects.
The Senate had on Thursday, approved for further legislative work, a bill seeking to reserve 20 per cent of annual budgets for its members to execute constituency projects exclusive of the executive arm of government.
Going by the projected budget of N7.2tn for 2017, which President Muhammadu Buhari is to present to the joint session of the National Assembly on Wednesday, the lawmakers are expected to get the sum of N1.4tn allocation for constituency projects.
Condemning the proposal, groups and individuals including the Campaign for Democracy and the convener of the Coalition of Northern Politicians, Academics, Professionals and Businessmen, Dr. Junaid Mohammed, said it was another way of increasing corruption in the country.
President of the Campaign for Democracy, Bako Usman, said that the National Assembly members should concentrate on their oversight functions.
Speaking on the development, some experts described the move by the Senate as premature.
The Head, Banking and Finance Department, Nasarawa State University, Keffi, Uche Uwaleke, said that while the country needed to develop the rural communities through investment in constituency projects, channeling it through lawmakers would not guarantee the needed result.
In his comment, a former Managing Director, Unity Bank Plc, Mr. Rislanudeen Mohammed, said as far as budget implementation was concerned, constituency projects had never been effective.
 He said, “Constituency projects have never been effective as far as budget implementation is concerned.”

No comments:

Post a Comment

Popular Posts