CSOs to engage NASS on passage of Fiscal Responsibility Act

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A group of Civil Society Organisations (CSOs) say it will engage the 10th National Assembly (NASS) to see to the passage of the Fiscal Responsibility Act (FRA) as a strong measure to bring sanity to the fiscal space.

Mrs Regina Udo, the Project Manager, Growth Initiatives for Fiscal Transparency (GIFT), said this in a statement in Abuja on Friday’

She decried Nigeria’s public debt profile of N87 trillion, describing it as unsustainable and a clarion call to reform the public finance management system.

She called on the Federal and State Governments to institute urgent measures to cut waste, inefficiencies and corruption to save the country from collapse.

According to her, the huge public debt profile has been encouraged by a weak revenue mobilisation, poor remittance culture and corruption in public expenditure.

She said citizens and stakeholders across public, private and non-governmental sectors would be mobilised to address the failing fiscal health of the…



Source: Vanguard Newspaper