To minimize excessive abuse of public resources, the financial management system must be strengthened, while the government must carry out intensive economic reform to identify policy gaps, and bridge the holes that enable people to evade or undermine the collection of taxes.
These were part of the resolutions at a stakeholders’ dialogue on, Policies, Gaps and Alternatives in Fiscal Transparency in Private Sector Governance, organised by Civil Society Legislative Advocacy Centre (CISLAC), and Transparency International (TI), with support from OXFAM’s country office in Nigeria.
They also urged policymakers to intensify efforts in looking for other sources of revenue that can ensure development in Nigeria.
Specifically, the Executive Director, CISLAC, Auwal Musa, noted that Nigeria’s fiscal regime has been in a near-total mess, characterized by daily stories of financial misappropriation.
He said Ministries, Departments and Agencies (MDAs), are having a field day with…
Source: Guardian Newspaper
