OrderPaperToday – Speaker, House of Representatives, Yakubu Dogara has blamed corruption and leakages in government for the series of disagreements between states of the federation and the Nigeria National Petroleum Corporation (NNPC) in recent times.
Dogara made this assertion while declaring open a public hearing at the National Assembly on Tuesday,
A statement from his office said “the continuous face-offs between the Ministry of Finance, Nigeria National Petroleum Corporation (NNPC), State Governments and revenue generating organs of the Federal Government on the other hand, emphasize the gravity of revenue leakages in our economy.”
The speaker said “attaining economic growth and development and reviving dwindling oil fortunes cannot be achieved unless all revenue leakages are blocked.”
The statement quoted him thus: “You may all recall that the Federation Account Allocation Committee meeting in July was stalemated, two or three times, due to controversies over unremitted revenue. This led to delays in the payment of salaries by the Federal and State Governments and other budgetary expenditures in most Federal Government Agencies and Establishments. The continuous face-offs with respect to revenue remittances and figures between the Ministry of Finance and NNPC on one hand as well as State Governments and revenue generating organs of the Federal Government on the other hand, only show some of the many instances of unending issues of revenue leakages in our economy.
“With the dwindling oil fortunes, and the spirited efforts being made in the country to diversify our economic base, there is no gain saying the fact that closing up leakages in our system has become imperative if we must grow our economy and accelerate the development of the country at this period of economic downturn.
“At this period, when government is making efforts towards diversifying the economy in order to reduce the country’s over-reliance on the oil sector, it is disheartening to hear repeated allegations of non-remittances of huge amounts of revenue by Agencies required generating and managing our revenue.”