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2014 Budget: House Suspends Consideration Of Revenue Framework

The House Committee on Finance has suspended the consideration of 2014 budget revenue framework. This is in anticipation of the responses to the 50 questions on the state of the economy expected from the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala.

The public hearing on the 50 questions, which commences on today, would be declared open by the  House Speaker, Aminu Tambuwal, as the continuation of the 2014 budget revenue framework resumes after the hearing.

Prior to Friday's ruling with regard to the state of the economy, various revenue generating agencies and independent revenue generating agencies have appeared before the committee with a view to presenting updates on the status of revenue generation, collections and remittances between the 2011 and 2013.
The Clerk of the Committee, Farouk Dawaki, indicated in a statement that the suspension had vitiated  the planned appearance, for the same purpose, of the finance ministry, Director-General, Budget Office, Office of the Accountant General, Nigerian National Petroleum Corporation (NNPC), Nigeria Customs Service (NCS), among others

“The suspension is informed by the committee’s decision to first conclude work on the state of the economy investigative hearing scheduled to ascertain the true state of our economy and robustly engage the Coordinating Minister for the Economy and Minister of Finance on her responses to our 50 questions,” Dawaki stated.
Members of the committee, the statement added, are “fully determined in our resolve to once and for all unravel the authentic state of our economy,” as “relevant stakeholders, interest groups and the public have already been invited to submit memoranda.”

Comments  

 
0 #1 leke 2014-03-03 16:26
the fact is that this public hearing is an exercise in futility; a wide goose chase. the intention is just to run after the Minister of Finance by those APC lap dogs in the House of Reps.
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