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House of Representatives launches second edition of sectoral debates to address financial sector challenges

Initiative Aims to Foster Transparency and Accountability in Government Operations Amid Economic Concerns

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The House of Representatives unveiled the commencement of its second edition of sectoral debates and dialogues on Tuesday, signaling a proactive approach towards addressing challenges within the financial sector as part of its periodic policy brief series.

In a statement released by House spokesman Akin Rotimi on Monday night, the program is set to focus on the financial sector and will feature prominent stakeholders, including the Minister of Finance, the Minister of Budget and Planning, the Governor of the Central Bank of Nigeria, and the Chairman of the Federal Inland Revenue.

The Clerk of the House of Representatives, Yahaya Danzaria, confirmed the commencement of the sectoral debates titled “Notice of Sectoral Debates with Financial Sector Stakeholders.”

The initiative builds upon the House’s previous sectoral debate series, which began in November 2023, initially addressing issues within security agencies. Under the theme “Strengthening Good Governance,” the debate series aims to promote transparency and accountability in government operations.

Part of the objectives of the Debates Series includes the reinforcement of legislative oversight of key Ministries, Departments, and Agencies (MDAs) of the government, along with the promotion of smooth legislative-executive relationships for effective governance.

Upon the resumption of plenary for the year, Speaker Abbas Tajudeen highlighted the pressing concerns surrounding the nation’s economy, emphasizing the need to address hurdles impeding growth trajectories.

Tajudeen expressed optimism about engaging with MDAs and principal actors in the finance sector during the scheduled debate on Tuesday, February 6, 2024. The engagement aims to evaluate the nation’s preparedness to mobilize the financial resources necessary for budget implementation.

The House’s initiative underscores a commitment to proactive governance, with a focus on collaborative efforts to navigate economic challenges and foster sustainable growth in Nigeria.

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