The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; the Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso; and the Chairman of the Federal Inland Revenue Service, Mr Zacch Adedeji, are scheduled to provide a comprehensive briefing to members of the House of Representatives on Tuesday regarding the state of the economy and monetary policies.
Confirming the report, Hon. Akin Rotimi, Chairman of the House Committee on Media and Public Affairs, emphasized that the initiative aims to enhance transparency and accountability in governmental operations. He outlined that the dialogue, part of the House’s periodic policy brief series, will focus on the financial sector.
Rotimi highlighted the importance of enriching the debates with meaningful contributions from the legislators, as encouraged by the Clerk of the House of Representatives, Yahaya Danzaria.
The policy brief series, initiated on November 21, 2023, commenced with the Security sector and will delve into other critical sectors like Power and Agriculture in subsequent editions. The engagement seeks to empower lawmakers with insights and opportunities to address areas requiring legislative interventions.
He said “Honourable Colleagues, as noted earlier, the state of the economy is also of grave concern to us, and we must contribute to promoting sustainable economic growth. Our Agenda has identified concrete measures for economic restructuring, economic diversification, and agricultural development.
“All Committees are directed to streamline their activities towards the realisation of our strategic objectives. The Committee on the Implementation of Legislative Agenda and the Committee on Monitoring and Evaluation of the Activities of Standing and Ad-hoc Committees should ensure that committees and their outputs are in line with the Agenda of the House.
“In this regard, I am pleased to announce that House Sectoral Briefs with MDAs will resume immediately. Accordingly, we shall engage with MDAs and principal actors in the finance sector on Tuesday, 6th February 2024. This engagement will assess the nation’s readiness to mobilise the necessary financial resources for implementing the budget.”
Speaker Tajudeen Abbas underscored the Assembly’s commitment to promoting sustainable economic growth and fostering legislative initiatives aligned with national priorities, including electoral reforms and constitutional alterations.
He assured Nigerians of the Assembly’s dedication to enhancing citizens’ engagement and accountability through initiatives such as the Legislative Open Week and robust consultation processes.
