Senate, Reps advised to legislate against budget padding

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Senate, Reps advised to legislate against budget padding

 

“The National Assembly could establish a numerical debt limit policy based on debt service to revenue or debt to revenue,” WAIFEM boss said.

Baba Musa, director-general of the West African Institute for Financial and Economic Management (WAIFEM), has called for legislation to ensure the annual publication of tax waivers in Nigeria to prevent budget padding, debt, and poverty.

Mr Musa also called for strict adherence to existing laws to tame rising food inflation, Naira volatility, poverty and other factors affecting the growth of the nation’s GDP.

He made the call at a book launch and public lecture organised by the Centre for Economic Policy and Research (CEPAR) at the University of Lagos to mark the retirement of Ndubisi Nwokoma, the centre’s director.

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