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Nigeria’s Senate President, Dr. Ahmad Lawan on Tuesday in Abuja, said the generation and collection of revenues have remained the country’s major challenges as well as the massive loss of revenue through oil theft, now “debilitating and threatening to throw the economy into a coma.”
Lawan, while welcoming his colleagues from the long annual recess, lamented that revelations about the scale of oil theft shows that Nigeria could soon lose all revenues from that sector.
He charged his colleagues to ensure that everything possible was done to curtail this theft.
Lawan said the nation’s economy is still challenged, and stressed the need for the National Assembly and the Executive to continually seek better responses to the dire economic situation.
The Senate President said the focus of the Assembly must be on ensuring a secured and safe country with an economy that works for all citizens.
“In the next nine months, our attention and devotion should bring improvement to the current situations. This Senate is a Senate that will continue to work for all Nigerians at all times,” Lawan said.
The Senate President informed that the confirmation of the acting Chief Justice of Nigeria, CJN, Justice Olukayode Ariwoola, work on the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategic Paper, MTEF/FSP, 2022 budget and work to support the nation’s defence and security forces, among others would largely be the focus of the upper legislative chamber in the next three months.
He also informed that President Muhammadu Buhari would be presenting the 2023 budget estimates to the joint session of the National Assembly in the first week of October.
He said “The ninth Senate has established the practice of processing the annual Appropriation Bill of each year between October and December. I commend distinguished Senators for this achievement and a legacy that has changed the annual budgetary cycle of the federal government,”
Lawan reminded his colleagues that they have resumed to continue with the very good work they have done in the last three years.
“As we all know, this resumption marks the final session of our tenure. The Ninth Senate has nine months to conclude its tenure.
“Like the last three years, we are prepared to make the remaining period very productive and successful. No doubt that the 9th Senate has performed creditably and will end very well. We scored so many feats and broke many jinxes through various legislative interventions. I must commend all of us for the commitment, dedication and patriotism and sense of duty,” he stressed.
The Senate President recalled the “serious concerns” of the Senate on the security situation in the country and expressed happiness about the successes recorded so far by the security agencies.
He however promised that the Senate would continue to engage with the defence and security agencies through its appropriate committees, to ensure that the engagements are sustained, commending them for stepping up their operations.
With respect to the 2023 general elections, he said the Senate and the National Assembly will work with the Independent National Electoral Commission, INEC) to ensure very successful, transparent and credible elections.“We are ready to support INEC in all possible ways as a legislature.
