The senate president, Bukola Saraki, has set up the
Committee on Financial review with a mandate to
review its own salaries, allowances, and the
overhead cost of running the Senate with a view to
realigning them to reflect the present economic
situation in the country.


The senate also set up another committee on
Legislative Agenda; the two committees were given
one-week to submit their reports, according to a
statement from the Media Office of the Senate
President.


“The Senate’s Ad-hoc Committee on Financial review
is the first time the Senate is setting up a body to
review its own salaries, allowances, and the
overhead cost of running the Senate with a view to
realigning them to reflect the present economic
situation in the country,” the statement reads.


It could be recalled that the National Assembly had
slashed its 2015 budget to N120billion from
N150billion as a result of dwindling Federal
Government’s revenue.

The cut was part of the National Assembly’s belt-
tightening measures in view of the current economic
realities in the country.

Saraki, had during the inauguration of the committee
observed that the subject of reduction in cost of
governance had been on the front burner of national
discourse for a long time because of its extremely
sensitive nature.


Saraki pledged that the Senate under his leadership
would make “financial conservatism” its watchword.
The Senate President said: “There still persists the
need to project clarity, accountability and
transparency in all legislative matters and legislators’
welfare.


“The 8th Senate under our watch recognizes the
concerns raised by Nigerians about the cost of
running office most especially with the economic
challenges facing our nation.

“The Senate will be more transparent regarding all
public funds spent for the purpose of paying salaries
and allowances of legislators and ensure that
distinction is sufficiently made between what a
legislator actually earns and what is spent to run and
implement legislative business and committee
activities.


“The watchword in our financial issues will be fiscal
conservatism. It is therefore on this arm that the
committee is mandated to carry out thorough fiscal
examination on the Senate finances with the aim of
coming up with the best cost-effective regime in the
8th Senate.”








http://www.vanguardngr.com/2015/06/saraki-set-up-committee-to-review-senators-salaries/

Whizzcute:
The senate president, Bukola Saraki, has set up the
Committee on Financial review with a mandate to
review its own salaries, allowances, and the
overhead cost of running the Senate with a view to
realigning them to reflect the present economic
situation in the country.


The senate also set up another committee on
Legislative Agenda; the two committees were given
one-week to submit their reports, according to a
statement from the Media Office of the Senate
President.


“The Senate’s Ad-hoc Committee on Financial review
is the first time the Senate is setting up a body to
review its own salaries, allowances, and the
overhead cost of running the Senate with a view to
realigning them to reflect the present economic
situation in the country,” the statement reads.


It could be recalled that the National Assembly had
slashed its 2015 budget to N120billion from
N150billion as a result of dwindling Federal
Government’s revenue.

The cut was part of the National Assembly’s belt-
tightening measures in view of the current economic
realities in the country.

Saraki, had during the inauguration of the committee
observed that the subject of reduction in cost of
governance had been on the front burner of national
discourse for a long time because of its extremely
sensitive nature.


Saraki pledged that the Senate under his leadership
would make “financial conservatism” its watchword.
The Senate President said: “There still persists the
need to project clarity, accountability and
transparency in all legislative matters and legislators’
welfare.


“The 8th Senate under our watch recognizes the
concerns raised by Nigerians about the cost of
running office most especially with the economic
challenges facing our nation.

“The Senate will be more transparent regarding all
public funds spent for the purpose of paying salaries
and allowances of legislators and ensure that
distinction is sufficiently made between what a
legislator actually earns and what is spent to run and
implement legislative business and committee
activities.


“The watchword in our financial issues will be fiscal
conservatism. It is therefore on this arm that the
committee is mandated to carry out thorough fiscal
examination on the Senate finances with the aim of
coming up with the best cost-effective regime in the
8th Senate.”








http://www.vanguardngr.com/2015/06/saraki-set-up-committee-to-review-senators-salaries/

realy?

Saraki already started implementing change .... Tinubu/Lai Mohammed still siddon dey look.

Oh? Let's see how it will end.