Thursday, 30 April 2015

Buhari Laments High Recurrent Expenditure

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The Nigeria's President-elect, General Muhammadu Buhari (rtd), has restated the urgent need to collectively tackle the menace of high recurrent cost that has been at the expense of capital and human development.
Speaking at the induction of new legislators of the National Assembly organised by the National Institute for Legislative Studies in Abuja on Wednesday, Buhari noted that appropriate policies needed to be put in place and that such policies may have to be translated into laws.

He said: “The oversight functions of the legislature are critical in ensuring that policies are implemented effectively and transparently. Therefore, my mission to bring integrity into governance would better succeed if complemented with a strong culture of transparent oversight.
“We need to collaborate on the budget process and restructuring of the public sector so as to collectively tackle the menace of high recurrent cost at the expense of capital and human development.”
Buhari also said there was urgent need to contain the high state of insecurity in the society. “All of you are representing various communities. We need to work together to address the problem from both its roots and manifestations. The strongest mitigating forces at this point are the need to redress the power sector deficits, encourage investments that are job-creating and focus on human development and reconstruction. We also need to deploy efforts in conflict resolution and peace building in all our communities.
“I am here today to invite you to work with the executive as partners in progress, as champions of good governance and development and as warriors for change. Together, we can make this nation great and a role model in Africa and to other emerging economies and democracies.”

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