We’ve reached advance stage in fiscal transparency — President Buhari


President Muhammadu Buhari on Tuesday said that his administration has reached an advanced stage in Fiscal Transparency and also stated that the appropriation bill was placed online within hours of its presence in the National Assembly.

Speaking in Kaduna State at the Passing-Out Parade of Detective Inspector Course Five, of the Economic and Financial Crimes Commission (EFCC), President Buhari assured that with the various reform agenda implemented by his administration, all government financial transactions will be done in the open.

According to him, “My resolve is to ensure that the reforms are deepened such that there will be no hiding place for corrupt persons and proceeds of corruption. My aim is to ensure that no government financial transaction is done in secret and all are subjected to public scrutiny.

“The objective of this administration is to institute a level of transparency in governance through mainly information technology platforms. Just as advanced democracies and some developing countries, I am determined that within a short period, citizens would be able to follow core government operations online.

 “He further said that the Federal Government’s commitment to online disclosure of Beneficial Owners of Companies generally within the framework of the Corporate Affairs Commission and in the extractive industries through Nigeria Extractive Industries Transparency Initiative (NEITI) is on course.

President Buhari in a statement by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, said that various national reforms and collaborative efforts with international organizations are designed to institutionally strengthen Anti-Corruption agencies in Nigeria.

He said, “We have been working within the frameworks of National Action Plan for Open Government Partnership (OGP), National Anti-Corruption Strategy which is an adaptation of United Nations Convention Against Corruption and the Global Forum for Asset Recovery (GFAR).

 “Several of the reforms have been effective for several years with great impact on revenue and expenditure management.”

These include; the Government Integrated, Financial and Management Information System (GIFMIS), Integrated Payroll and Personnel Information System (IPPIS), Single Treasury Account, and Bank Verification Number (BVN).

“Executive Orders, such as Preservation of Suspicious Assets Connected with Corruption (Executive Order 6), Nigerian Financial Intelligence Unit (NFIU) Act 2018; and Mutual Assistance in Criminal Matters Act 2018 have been operating for a few years and effectively limiting system opportunities for corrupt practices.”

The President noted further that, “This administration, right from the inception, aligned with the Open Governance Partnership and Global Forum for Asset Recovery in addition to existing commitments to African Union and Economic Community of West African States’ Conventions Against Corruption, and the United Nations Convention Against Corruption (UNCAC).

 “These frameworks focus significantly on systems reforms in order to prevent corruption. Nigeria’s active participation in these global anti-corruption platforms means that the country is subjecting itself to periodic review of its progress in implementing the articles of conventions thus the fight against corruption.”

President Buhari said the administration’s war against corruption is also attracting international endorsements.

“Our fight against corruption is being recognized by the international community as real and effective.

“The face of the country abroad is also changing as the international community is beginning to see Nigeria making substantial progress in the enthronement of transparency, accountability and good governance.”

Nigeria has demonstrated remarkable determination in the fight against corruption.’ Nigeria retained the position of Vice Chair of the 8th Session.

During the 10th Session of the Conference of State Parties, the Implementation Review Group Report also noted the high number of Asset Recovery cases successfully initiated by Nigeria in cooperation with other countries under the Mutual Legal Assistance (MLA) framework.

President Buhari also praised efforts of the EFCC in making the war against corruption effective.

“I congratulate the EFCC on its good work and I urge that the current level of success be sustained and accelerated,” he said.

In his remarks, the EFCC acting Chairman, Ibrahim Magu said that “EFCC on its part is currently developing its Statement of Strategy for 2020 to 2025, in line with the five pillars of National Anti-Corruption Strategy.

He also identified communication as key to the overall success of the organization’s activities.