Ogun State House of Assembly has expressed concern over failure of Governor Dapo Abiodun to give his assent to the state's Audit Law passed by the house, to shore up revenue generation profile of government
Speaker of the house, Right Honourable Olakunle Oluomo and Chairman of the House Public Account Committee, Hon.Musefiu Lamidi expressed the worry in their seperate remarks during the defence of the State's Medium Term Expenditure Framework (MTEF2022-2024)by the Budget and Planning Commissioner, Olaolu Olabimtan before the Assembly on Tuesday in Abeokuta
The State according to Oluomo, is losing $2 million annually due to non-implementation of the Audit Law by government
The Speaker also stressed the need for the State Government to begin immediate Implementation of the financial autonomy for both legislative and judiciary as independent arms of government as provided in the amended provision of the 1999 constitution of Nigeria
He insisted that the allocation for the two arms of government should come directly from the consolidated revenue charges of government in its yearly budgetary provision
Oluomo frowned at the current situation where the two arms were allocated just less than two percent of this year's budget size of N338.6bilion, saying the executive arm should stop treating the other arms as extension of its departments in terms of allocation of financial resources
He however pledged the House's readiness to pass the Medium Term Expenditure Framework, to provide direction for the preparation of the 2022 budget proposal
Responding, the Budget and Planning Commissioner promised to convey the lawmakers' message to the governor on the non-signing of the Audit Law transmited to him
Olabimtan quickly corrected the impression that the State Government had issued bond to raise fund from the Capital market, explaining that government was fine-tuning the process for the issuance of the financial instrument
Edu-Biznews recalled that the house on June 2020, passed the law for the establishment of the State Audit Service Commission and Office of Auditor General still awaiting the assent of the governor
Sent from
No comments:
Post a Comment