Business and Economy
Senator Lado applauds President Tinubu’s Commitment to Financial Reforms as Senate Screens PenCom DG , RMAFC Commissioners
By Ugbede James
The Special Adviser to the President on Senate Matters, Senator Basheer Lado Mohammed has commended President Tinubu, for his ongoing financial reforms and emphasis on fiscal discipline, as demonstrated during the screening of Ms.
A statement by EMEMMARIA OFFIONG, Assistant Director, Press, Information and Public Relations from
the Office of the Special Adviser to the President on Senate Matters
says the screening by the Senate Committee on Establishment and Public Service, highlights President Tinubu’s unalloyed commitment to strengthening Nigeria’s financial institutions, curbing leakages, and boosting revenue flows to accelerate national development.
The statement reads:
“President Tinubu’s vision of appointing capable and highly qualified individuals to key positions in critical financial institutions remains central to his administration’s broader agenda of enhancing fiscal discipline”
“Under Ms. Oloworaran’s leadership, PenCom is expected to further the administration’s objectives of ensuring financial transparency and accountability, while safeguarding pension funds, and advancing sustainable pension reforms for the benefit of all Nigerians”
The Special Adviser also commends President Bola Ahmed Tinubu for the appointment of 21 nominees as Commissioners of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).
The nominees, who have also been screened by the Senate, when hopefully confirmed, would help to reassess revenue-sharing mechanisms and enhance revenue inflows into the national treasury, in line with President Tinubu’s Renewed Hope Agenda to foster equitable revenue allocation and economic growth.
President Tinubu’s selection of these highly qualified appointees underscores his commitment to ensuring that only competent individuals with the requisite expertise are entrusted with managing Nigeria’s critical financial institutions. Their leadership will be pivotal to improving revenue generation and allocation processes, thereby ensuring that public resources are managed efficiently and transparently for the benefit of all citizens.
Senator Lado also stated that as part of efforts to promote and facilitate productive engagement between the Executive and the Legislative arms of government, the Office of the Special Adviser is dedicated to ensuring healthy collaboration between both arms in advancing transparency, accountability and effective governance.
“As the nominees await Senate confirmation, the Office of the Special Adviser remains committed to fostering a constructive working relationship that ensures the swift legislative approval of executive nominees and the smooth implementation of government policies aimed at national development”, Senator Lado reiterated.
In a related development, the Senate has just confirmed the appointment of Professor Abdullahi Saleh Usman as Chairman/CEO, National Hajj Commission of Nigeria (NAHCON) after a successful screening procedure.