Business
NGO Seeks Government’s Commitment To Budget Survey
The Executive Director, Civil Resource Development and Documentation Centre (CIRDDOC), an NGO, Mrs Oby Nwankwo, has urged government at all levels to commit themselves to the establishment of good governance through budget survey.
Nwankwo gave the advice on Monday in Abuja at the West African launch of the 2010 Open Budget Index, organised by CIRDDOC and the International Budget Partnership (IBP), Washington D.C., in collaboration with the Economic Community of West African States.
She said the aim of the launch was to make budget system more responsive to the needs of the society and make it transparent and accountable to the public.
“The launch will provide an opportunity for stakeholders in the budget process — government officials, media, policy makers and the public — to discuss issues of transparency in West African countries and make recommendations on barriers to accessing budgetary information.
“A good budget is expected to be transparent and allow participation of the governed,” she said, adding that it should also be a legal framework defining institutional roles and responsibilities that included check and balances.
She said CIRDDOC had been part of budget survey in Nigeria since 2007, noting that its 2010 findings would be based on collected and verified information.
At the presentation, Elena Mando, the Programme Coordinator of the open budget survey at the IBP, said 74 of the 94 countries whose budgets were assessed failed to meet transparency and accountability standards.
She said government could improve transparency and accountability easily by publishing budget information online and inviting public participation in the budget process.
“The open survey is the only independent, comparative measure of budget transparency and accountability around the world, produced by independent budget experts not beholden to any national government,” she added.
Earlier, Dr Kenneth Ozoemenwam, a social policy specialist at the UNICEF, Enugu, described budget as a key tool in advocacy for the rights of children and women of Nigeria.
“We are working with CIRDDOC to take our budget programme to the national level,” he said, promising that UNICEF would team up with the CIRDDOC and IBP in this regard.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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