Presidency pledges full complince with fiscal responsibility act

The Federal Government has reiterated its resolve to fully comply with the provisions of the Fiscal Responsibility Act and other extant laws as they relate to the submission of budget proposals to the National Assembly.

Presidential spokesman, GarbaShehu informed Journalists in Abuja that under the present dispensation, President MuhammaduBuhari has lived up to this commitment of accountability and transparency with the recent submission of the proposed budgets of Central Bank of Nigeria (CBN), Nigeria National Petroleum Corporation (NNPC), Nigerian Ports Authority (NPA) and others.

Garba said: “The transmission of budgets for the MDAs to the National Assembly, particularly those regarding the Central Bank and the NNPC behemoth is clearly unprecedented.

“The President is determined to make the budgeting process more transparent and participatory.

“It is all part of the re-engineering of the entire processes of governance for the benefit of ordinary citizens.”

SOURCE: CITY BUSINESS NEWS