Politics
NGO Tasks NASS On Fiscal Responsibility Law Amendment
The Growth Initiative for Fiscal Transparency (GIFT) Nigeria says there is an urgent need for the national assembly to pass the Fiscal Responsibility Act (FRA) amendment bill into law.
The executive director, Order Paper, Oke Epia,said this on Saturday at a media briefing in Abuja.
The Fiscal Responsibility Act 2007 is primarily designed to checkmate wastage and corruption.
Epia said the financial crisis faced by the country is as a result of corruption in the oil sector, which could be resolved through the passage of the amendment of the Act.
“Nigeria is in a fiscal crisis because certain things are not being done right, especially in the petroleum sector which accounts for over 60 percent of revenue earnings and over 90 percent of foreign exchange due to the country,” he said.
“It is the mainstay of the economy and that is where you have the poster child of corruption in this country.”
He said the slow amendment of the fiscal responsibility act gives room for the non-remittance of revenue by the Nigerian National Petroleum Company (NNPC) and other ministries, departments and agencies (MDAs).
“On the side of public finance management, that is what we want to alert your consciousness to, so that we can mount pressure on the national assembly to pass this fiscal responsibility amendment bill, so it will help get monies that are due to government paid to the government without much ado,” he added.
Politics
LP Crisis: Ex-NWC Member Dumps Dumps Abure Faction
Mr Ojukwu, who recently returned to the interim National Working Committee led by Senator Esther Nenadi Usman, noted that the party had 34 elected members in the House of Representatives, eight Senators, and 80 members at the state Houses of Assembly after the 2023 general elections.
“Now we lost all of them,” he said. “I don’t think we have as many as five members in the National Assembly.”
The former national officer of the LP talked to journalists in Abuja and said he chose to join the caretaker committee led by Senator Nenadi-Usman because they are now the officially recognized leaders of the Party.
“I chose to work with the caretaker committee to help save the Labour Party, for the benefit of the party. I also want to use this chance to ask my colleagues at the national, state, and local government levels to come together and help rebuild our party.
“Another election is around the corner. We lost everything we have. They have left to other political parties. So I’ll reach out to all my friends in the other group to get together and work on making this party stronger again.
“The caretaker committee has formed a reconciliation committee. Let’s come together and talk so that we can restore the first opposition political party in Nigeria.”
Mr Ojukwu, who was part of the Julius Abure’s group, said there are no more factions in the LP.
He added, “There is a court ruling, and since it is valid, the right people are in the correct positions.”
He urged Barr Abure and others to drop the legal cases they have filed because they are not helping the party.
“Litigations are killing political parties”, he said. “They’ve seen many political parties disappear because of legal battles, and the Labor Party is losing support every day, which makes me feel sad.”
Mr Ojukwu said he did not think joining the Senator Nenadi-Usman’s NWC was a betrayal of the Abure group, describing himself as “the oxygen” of that faction.
“I’m with this group because of the verdict. But I never betrayed anybody. Rather, I was betrayed,” he added.
