The Senate which also accepted its failure on legislation and oversight that will ensure that the budget is in line with the country’s plans and vision, decried abandoned projects amounting to trillions of naira.
To avert reoccurrence, the red chamber have resolved to organise a roundtable headed by its committees on Finance, National Planning and Appropriation.
Omo-Agege said just listening to the debate on the motion, he came to a conclusion that Nigeria does not lack ideas, insisting that the country has resources but added that there should be political will.
Stella had prayed that the Senate should mandate its committees on Appropriations, National Planning and Finance, to conduct a thorough review of Nigeria’s budgeting practices as well as national planning process, with a view to creating a more synergized and collaborative system that is both effective and efficient.
She said budgeting and national planning have to be in tandem with global best practices and in line with the aspirations and demands of Nigerians.
“It’s about having a proper circle for the budgeting process so that we don’t have a gap with proper planning as the key player,” Stella said adding that the round table discussion will help the players to talk about the budgeting plan in line with the administration’s goals regardless of party.
She said that there should be penalty for non-compliance with such policy, insisting that Nigeria’s underdevelopment was not about lack of money, but that there was no proper planning and enforcement.
Also, Sen Aisha Dahiru Ahmed Binani (Adamawa Central), in her contribution, called for visionary budget.
Sen Ibikunle Amosun (Ogun Central) also disclosed that the motion was beautiful adding that despite the wonderful ideas Nigeria has had, all the visions including the vision 2020 have come to meet them undeveloped.
“Vision A will come, vision B will also come without much planning on it. The rail ways that started in 2007 were stopped by another administration,” Amosun said adding that they must force the executive to follow the national plan.
Contributing, Sen Ishaku Abbo (Adamawa North), said the budget process was very scandalous adding that the drafters of the budget stay in their offices to do an estimate for people in an area they don’t know.