Saturday, January 12, 2008

Budget 2008: Kudos to the National Assembly!

We can at last start a new year with kind words for our federal parliament - the first time in very many years! And this is with regard to the 2008 Budget consideration.

The scrutiny and sagacity of the legislators in processing the executive estimates have been at once torturing and heartwarming. Yes, this drags things on, but why not?

All previous budgets in the last eight years were jamborees, convoluted and badly implemented. Indeed we have been told they were, on average, 30% implemented! Well, the old parliaments were fully culpable. Period. But da new one has found its voice, and its strength. It is working differently, confidently....

Not only has the principled approach been profitable in bringing hidden facts to light, their new and vibrant discipline has dredged up "lost & found" resources, including several illegal accounts secretly operated by the executive branch, before now! Kudos to all our representatives for this "feat"!!!

Let it be known that after passing this budget, Nigerians and our well-wishers will need, and should be given, full account of all these illegal accounts and their operations. Were there some previous ones which are now closed? Forensic audit must kick in, right away.

As many crusaders and commentators have rightly demanded, there must be recoveries and consequences. No chickening out, no cover up!

Kudos also to President Yar' Adua for enthroning the culture of, and strict adherence to, rule of law and due process. This made a world of difference to the vigorous "oversight" component.

From 2008, Budgets will never be the same again!

We are consoled...