The Presidency on Thursday commended the Senate President,
Dr. Abubakar Bukola Saraki. for initiating the reform of the nation’s budgeting
process. It said the executive fully supports the move.
Minister of Budget and National Planning, Mr. Udoma Udo
Udoma, according to a statement by the Chief Press Secretary to the Senate
President, Sanni Onogu, disclosed this during the formal presentation of the
report of the Technical Committee on the Budget Reform Process in Nigeria,
inaugurated by the Senate President on July 25, 2016.
“This initiative of Your Excellency, the Senate
President, is an initiative that has the full support of the executive,” Udoma
said. “We believe that the budget and the budget process is something that we
have to work on together closely and collaboratively.
“Consequently, your initiative to look at the reform of the
process is an initiative that we welcome and which was why the Director General
of the Budget Office, with my authority, participated fully in the
deliberations.
“As the Senate Leader indicated, the success of any budget
depends on very close collaboration between the executive and the legislature.
I believe that this process that you have embarked on and the reforms will help
to smoothen some of the issues that arise from time to time when we are
considering the budget,” he said.
In his remarks after receiving the report from the Chairman
of the Technical Committee and Leader of the Senate, Senator Ali Ndume, the
Senate President, Dr. Abubakar Bukola Saraki, described the report as one of
the most important exercises of the Senate so far, while commending the
Committee for complying with the stipulated time frame for the exercise.
Saraki also commended the Minister of Budget and National
Planning for his participation in the processes that led to the report, saying,
“I think as a country, what we are doing today is long overdue for us to have
reviewed the budget process. I think we are truly building a solid foundation
for the years ahead.
“I agree that the recommendations require the review of
certain laws, but I think there are some of them that have to do with
processes. I think we can immediately begin to implement those that have to do
with processes.
“As we all know, for many years, this has been an area of
acrimony and disaffection between the two arms of government which is mainly
due to ambiguities in some of the laws and processes,” Saraki said.
The Senate President specifically noted the recommendation
in the report dealing with pre-budget participation of the public in the
process as he said “there is really very little participation of the public in
the process”.
“We have public hearings on so many things but the most
important law that we have to pass, has very little participation of the
public. I am happy it was captured in this report that even when we do the
review of the budget, the public should also participate,” he stated.
Earlier, Senator Ndume noted that the low development
indicators and lackluster performance of the economy in general are not
unconnected with inefficient and ineffective public financial management and
budgeting in particular.
He noted that the broad objective of the exercise is to
address the pitfalls and challenges in the budget process and significantly
improve formulation, enactment, implementation, monitoring and evaluation with
a view to improving budget performance and development outcomes.
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