Senate Investigates Budgeting System Of NACA | READ MORE
Nancy Okafor
Nov 16, 2022
Senate Investigates Budgeting System Of NACA | READ MORE
The Senate is set to investigate the 2021 and 2022 budgeting system used by the National Agency for the Control of Aids (NACA) in preparing its annual budget.
READ ALSO: 7 Online Money Traps Young Nigerians Are Falling Into
https://youtu.be/tT9xAEMF5Fw
READ ALSO: ABIA LGA ELECTION: See How To Apply For ABSIEC ADHOC Job
Senator Ishaku Abbo, Chairman Senate Committee on Primary Health Care and Communicable Diseases made this known on Tuesday when the Director-General NACA, Gambo Aliyu appeared before the committee for 2023 budget defence.
READ ALSO: How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions
Expressing his displeasure over the discrepancies in the budgeting system of the agency, Abbo said that putting recurrent items under the capital budget was a misnomer.
READ ALSO: Let the crisis in APC continue - Oshiomhole states reason
Abbo said: "The fact that things have gone wrong for 100 years doesn't make it right. We must change how things are done.
READ ALSO: Bring Back Cashless Policy, Naira Will Increase Value - Yul Edochie Begs Tinubu
"How can a board meeting be captured as a capital project?
READ ALSO: NSCDC takes action, bans firearms display by officers at events
"This is not just a discrepancy it is a misnomer. We have to correct this misnomer.
READ ALSO: Angel Smith announces endorsement deal with fitness brand
"The committee will look at it and expunge it. Your capital doesn't sound capital enough. We understand the importance of your agency,"Abbo said.
READ ALSO: Nigeria's Economy Set to Grow 4.7% in 2026 - Edun Projects Job-Rich, Investment-Led Growth
He, however, set up a three-man ad hoc committee to look into the budgeting process of NACA.
READ ALSO: Pastra Arinze Etie Explains How Governor Otti is Ending Revenue Leakages in Abia State
"I'm setting up a three-man ad hoc committee to look at the budgeting processes of NACA and liaise with the Office of the Accountant General of the Federation and the Director-General Budget Office.
"This is so that they will come up with a workable and more acceptable way of doing a budget for NACA."
Abbo said that the ad hoc committee is to be chaired by Sen. Ibrahim Danbaba (PDP-Sokoto).
READ ALSO: Don't Vote Candidate Without Shame, Fear Of God -Amaechi
He equally queried the level with which grants and aids received by government agencies were not accounted for.
READ ALSO: 7 Online Money Traps Young Nigerians Are Falling Into
"Grants and aids are currently received by different government agencies on behalf of Nigerians. This is running into billions of naira.
READ ALSO: ABIA LGA ELECTION: See How To Apply For ABSIEC ADHOC Job
"Nobody knows what they are doing with it. These agencies are a creation of the law. We must know what they are doing with the loans and grants. They must account for them,"Abbo said.
READ ALSO: How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions
He, however, stepped down consideration of the 2023 budget of NACA.
READ ALSO: Let the crisis in APC continue - Oshiomhole states reason
Efforts to speak with the NACA boss was unsuccessful.
READ ALSO: Bring Back Cashless Policy, Naira Will Increase Value - Yul Edochie Begs Tinubu
Meanwhile, after a closed-door session with Dr Ifedayo Adetifa, Director-General, Nigeria Centre for Disease Control (NCDC), Abbo said that the Senate would ensure adequate budgetary provision for the centre to get a befitting Headquarters.
READ ALSO: NSCDC takes action, bans firearms display by officers at events
"We had discussed during the closed-door session, the need for NCDC to get a convenient place for their office.
READ ALSO: Angel Smith announces endorsement deal with fitness brand
"Nigeria must begin to develop health institutions and systems so that we can be prepared for any emergency or pandemic," he said.
Related Stories
Nigeria's Economy Set to Grow 4.7% in 2026 - Edun Projects Job-Rich, Investment-Led Growth
Pastra Arinze Etie Explains How Governor Otti is Ending Revenue Leakages in Abia State
How Trump's Threat Triggered N2.8 Trillion Stock Market Crash In Nigeria - Investors Panic As Confidence Plummets
How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions
Bring Back Cashless Policy, Naira Will Increase Value - Yul Edochie Begs Tinubu
7 Online Money Traps Young Nigerians Are Falling Into
""
— Nancy Okafor