Lawan calls for improved revenue generation to fund budget – ORDER PAPER

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OrderPaperToday – The Senate President, Ahmad Lawan, has called for improved revenue generation, collection and remittances to fund the budget and aid the country’s economy.

He stated this on Thursday while giving a speech at 2021 budget presentation.

Lawan said such measure will help block financial leakages that should be used for national development.

“The impact of the COVID-19 pandemic is a global affliction that every country needs to address through various measures.

“The National Assembly approved the Nigerian Economic Sustainability Plan (NESP), a Plan of the Federal Government, to address the economic challenges of today.

“All efforts should be made to implement the plan, as a number of schemes are designed to keep our Micro Small and Medium Enterprises (MSMEs) afloat”, he said.

The President of the red chamber assured President Muhammadu Buhari that members of the National Assembly will assiduously to pass the budget before the end of the year.

“This will continue to enable planning and enhance productivity and efficiency in the management and application of our resources. We can all bear witness to the salubrious effects of the early passage of the Budget on our economy”, he said.

He expressed hope that the 2020 budget be implemented 100%.

The federal lawmaker canvassed for private sector participation in developing some physical infrastructure.

“We could explore the Public Private Partnership (PPP), Build Operate Transfer (BOT), and many other funding options. This is with a view to reducing our level of borrowing”, he added.

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