Mr Sani said the Senate was deeply worried about the widening disparity between the substantial revenues accruable to the MDAs and their consistently low remittances to the federation account. “This trend undermines the government’s capacity to fund critical infrastructure and social services, calling to question issues of inefficiency, mismanagement and possible revenue leakages,” he said. According to him, his committee’s mandate is to ensure transparency, accountability and efficiency in the financial operations of the agencies. The senator said the committee would continue scrutinising the MDAs’ revenue projections, performance and adherence to statutory remittance obligations.
Mr Sani said this was to identify systematic doubts and recommend actionable results to reverse the troubling patterns. He sought the cooperation and understanding of all stakeholders at the interactive session, saying it was imperative that accurate data, comprehensive records and open data were presented for the benefit of Nigerians. “Let us approach these tasks with a shared commitment to building a stronger, more accountable fiscal framework for Nigeria. I call on all of us to please be very open on all those areas that we know, even if they are not presented to us,” he said. NEWS AGENCY OF NIGERIA