The Senate has promised to make laws that will reduce the debt burden on the country.
It also assured that it would come up with policies that would increase the revenue of Ministries, Departments and Agencies (MDAs) and prescribe sanctions for defaulting ministries in accordance with the Fiscal Responsibility Act.
Chairman of the Senate Committee on Finance, Sani Musa, gave the assurances in a statement on Sunday.
“The country is faced with dual challenges of rising debt and insufficient revenue, which demand our immediate attention. The Senate Finance Committee, under my leadership commitment, will embark on a mission to amplify our revenue streams, driving economic growth that is not only robust but also resilient through legislative means, manage our debt judiciously, exploring avenues for favourable terms and sustainable repayment simultaneously,” he said.
“The President of the Senate, His Excellency Senator Godswill Akpabio, CON, has given the committee a…
