Onnoghen ,Osinbajo, Saraki, Dogara To Open Reps' Summit On Economic Recession
Prof. Yemi Osinbajo, Vice President, Justice Walter Onnoghen, Chief Justice of Nigeria (CJN), Kemi Adeosun, Finance Minister, Udoma Udo Udoma, Minister of Budget and National Planning, and Dr Alex Otti, are expected to attend the Legislative Economic Summit organized by the leadership of House of Representatives.
The two-day summit with the theme, 'Legislative Framework for Economic Recovery and Sustainable Development’, is scheduled to hold on November 6 and 7 at the International Conference Centre, Abuja, with the Senate President, Bukola Saraki; Speaker Yakubu Dogara; Audu Ogbeh, Tunde Fowler and Governor Aminu Waziri Tambuwal of Sokoto State expected to deliver presentations.
Bode Ayorinde, Chairman, Tactical Committee on Economic
Recession, while speaking on the aims of the summit, expressed optimism that it would afford policy makers, members of the parliament at both federal and state levels, captains of industries, the academia, organised labour, civil society and non-governmental organizations the opportunity to interface and proffer lasting solution to the economic downturn in the country.
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He noted that the Tactical Committee was constituted to amongst
other things, monitor various steps and policies of government; interact with various Ministries and agencies relevant to overcoming the challenges and liaise with the Manufacturers Association of Nigeria (MAN), the organised labour, the CSOs and other bodies considered relevant in the bid to arrest the recession and return the economy to the path of growth and stability.
He said: "The House of Representatives is particular that this process will result in a connected set of legislative framework that will promote transparency, contain robust governance mechanisms, clearly define roles, provide a standardized and acceptable framework for financial management efficiency, regulate and maximize the potentials of various policy strategies and positively promote the realization of sustainable economic development and community benefits while setting the template for economic recovery."
Meanwhile, the House of Representatives' Public Accounts Committee (PAC) has launched a large scale investigation into the finances and expenditures of the 37 Federal Universities across the country with respect to their level of compliance with the Public Service Financial Regulation.
This followed the decision to act on pending queries by the office of the Auditor General of the Federation since 2014 urging the National Assembly to compel the institutions in question to explain rationale behind their violation of the PSFR.
To this end, the committee, led by Hon. Kingsley Chinda (PDP, Rivers), grouped its members in six different units based on the country's geo-political zones to undertake the probe.
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