The reps panel recovers the lost revenues of N2ria billion, pushes for the passage of the Audit law

On Monday, the public finance committee (PAC) of the House of Representatives announced the recovery of over N2ria billion of revenue lost for the federal government in the last year.

President of the Committee, Hon. Bamidele Salam, revealed it to the eleventh annual conference and at the General Assembly of the West Africa Association of Public Conti (Waapac), which Nigeria hosts for the first time since the body was founded in 2009.

The five -day program, held from 8 to 12 September at the Complex of the National Assembly, Abuja, is the theme “to strengthen the parliamentary supervision of public debt: the role of financial committees and public accounts”.

Salam explained that the recovered sum, estimated at $ 150 million, has been made possible through “pragmatic measures” to strengthen tax conformity, improve transparency and increase efficiency in public financial management.

“This recovery demonstrates the power of legislative supervision if combined with institutional reforms and proactive involvement,” said Salam.

He observed that the recovery is among the most significant results of the Committee from the return of Nigeria to democracy in 1999. The CAP said, he had completed several relationships duly adopted by the Chamber, while a report was unusually rejected: “A healthy reminder that democracy thrives on control and debate”.

Another milestone, according to him, is the passage of the long -awaited Audit invoice by the House of Representatives.

The legislation, pending competition in the Senate before the transmission to President Bola Tinubu, for assent, will provide a legal framework for some time for the supreme institution of Nigeria, who operated for decades without one.

“We can’t wait for the competition and the presidential consensus of the Senate to remove Nigeria from the list of countries without an adequate legal framework for its institution of supreme revision,” said Salam.

The PAC also took measures to deepen transparency and responsibility. In July, he convened the first Nigeria national conference on public commitment in supervision, bringing together legislators, civil society, professional bodies and technocrats to reinvent legislative control and build a stronger tax discipline.

The Committee also launched Waapac magazine, which offers citizens and development partners insights into its activities, results and recommendations.

In addition to national reforms, Salam said that Nigeria’s PAC has intensified cross -border parliamentary cooperation, exchanging experiences with twin parliaments in Ghana, Kenya and Rwanda and hosting delegations from Uganda and Zimbabwe.

“These exchanges promote equal learning and help to preserve the best practices across the continent,” he observed, underlining that regional collaboration through Waapac is crucial to face the growing public debt crisis in Africa.

The conference continues to Abuja with the participants who should deliberate in innovative ways to strengthen supervision and improve tax responsibility through all West Africa.

‘

Do you want to share a story with us? Do you want to advertise with us? Do you need advertising for a product, service or event? Contact us on WhatsApp +2348183319097 email: platformtimes@gmail.com

We commit ourselves to an investigative journalism of great impact for human interest and social justice. Your donation will help us tell other stories. Please give any amount HERE