Abuja - Senate President, Bukola Saraki, has
offered to play a role in curbing wasteful spending and support government
initiatives to improve the living standards of locals.
Saraki stated this during the commencement of public
hearing on the “Abuse and Mismanagement of Treasury Single Account (TSA)
Regime” Organised by the Senate Joint Committee on Finance; Banking, Insurance
and other Financial Institutions and Public Accounts, held in Abuja.
“We are together with the executive on the need to curb
waste and plug all loopholes in our revenue and expenditure streams. We are
equally concerned and are exploring ways of shoring up the national revenues in
spite of the persistent fall in the oil price in the international market,”
“We embrace these challenges as we believe that it will
more than anything enable us to think outside of the box to draw up innovative
solutions that would strengthen our institutions and the economy at large.”
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He welcomed the steps already taken by President
Muahammadu Buhari to move the country towards efficiency and away from the
business as usual mindset through reduction in wasteful expenditure.
One of such step he welcomed is the full pursuit and
implementation of the Economic Reform Governance Project (ERGP), which has as
its core objective the modernization of Public Finance Management (PFM).
The Senate President added that the adoption of the PFM
was in line with the globally accepted Government Integrated Financial
Management Information Systems (GIFMIS) aimed at plugging revenue wastes.
“All these are supportive of the introduction and the
enforcement of the Treasury Single Account (TSA) which has been fully
authorised by the President,” Saraki said.
- CAJ News