The Chairman of the Committee, Senator Olamilekan Adeola, said this during an interface with heads of National Metrological Development Agency and Federal Government Staff Housing Loan Board
Browsing: Fiscal Responsibility Act
Abubakar said this in a statement he personally signed, which was made available to journalists on Friday
Victor Muruako, the Acting Chairman, Fiscal Responsibility Commission, said over N1.4 trillion accrued into the Consolidated Revenue Fund of the Federal Government between 2007 and 2017.
Hon Abdulrazak Namdas, Chairman, House of Representatives Committee on Media and Publicity, made the commendation in a statement in Abuja.
Tony Ojobo, the NCC’s Director of Public Affairs said in a statement on Thursday that the remittance was in compliance with the Fiscal Responsibility Act of 2007 (FRA 2007).
Other areas which the joint committee expected government to realise revenue for the financing of the budget are looted funds, redundant government assets scattered across the country that can be liquidated and pension fund and trust funds as well as amending Fiscal Responsibility Act.
The Senate’s decision was sequel to a motion sponsored by the Deputy Senate Leader, Bala ibn Na’Allah, over the non submission of the 2017 Budget by some Public Corporations in violation of the Fiscal Responsibility Act
The report, which was presented to the President of the Senate, Dr. Abubakar Bukola Saraki, by the Leader of the Senate, Ali Ndume, recommended that annual budget be presented in the first week of September
He said that it was unimaginable that the NNPC, which operated in a lucrative sector, could claim to be making losses and as such was not returning its operating surpluses