By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: Budget monitoring: Reps to Launch ‘NASS Eyes’ for Effective Oversight on MDAs -Kalu
Share
Sign In
Notification Show More
Latest News
Spiro Nigeria Fuels Innovation as Official Sponsor of the E1 Grand Prix In Lagos
Metro Motoring News Transportation
LCCI Auto Symposium Beams Searchlight On Non-Passage Of NAIDP Into Law
Business Economy Metro News Transportation
Abuja International Trade Fair: NDIC Marks Special Day,  Reinforces Commitment to Financial Stability, Inclusion
Business Economy Metro News
NGO advocates strategies to strengthen peacebuilding initiatives across Nigeria-Benin border
Civil Society Organisations Conflict Foreign Metro News Politics
ARCN Seeks Stronger Collaboration with Military on Food Security as Executive Secretary Visits Defence Headquarters
Agriculture Civil Service Defence News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Budget monitoring: Reps to Launch ‘NASS Eyes’ for Effective Oversight on MDAs -Kalu
BusinessNews

Budget monitoring: Reps to Launch ‘NASS Eyes’ for Effective Oversight on MDAs -Kalu

Publisher
By Publisher Published November 12, 2023
Share
6 Min Read
SHARE


*says checks will include adherence to federal character principle

Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu, has revealed that the National Assembly will soon launch an application known as ‘NASS Eyes’ to monitor budget transparency and implementation by the Ministries, Departments and Agencies (MDAs) of government.

The monitoring will also include, adherence to the principle of federal character by the affected MDAs.

Kalu who dropped the hints during a courtesy call on him by the management team of AFRILABS, a high-tech company, over the weekend, said that the mechanism is driven by the conscious effort of the parliament to effectively check the performance of budgetary allocations to the agencies of government.

He said: “So, while you think about the economic and entrepreneurial space, also think about innovations in leadership, through technology. How do we employ that in our oversight functions, so that we can be in our offices, heading our committees and also monitoring what is happening in various Ministries, Departments and Agencies of government; so that our oversight functions will not only be based on the bundles of papers submitted to us on the day we visit these MDAs, but a continuous analysis of what they are doing, day in, day out.

“A dashboard that is in the Parliament to see what is being captured in the MDAs will inform members of the Parliament better, so by the time they visit it, they would have gotten sufficient information that would help them oversight tax payers money more efficiently. It is something we must think about.

“We are thinking in that direction and we are about launching what we call the ‘NASS EYES’, the eyes that will be beaming the MDAs while they are working. They will be expected to upload some of the key performance indicators that we will give to them.

“From there, we will analyse and have a better understanding of their budget performance, even before budget presentations, because, some of them come for budget performance presentation and it is rushed, within few hours it is done. That is not well detailed!

“We need innovations, we need technology to drive that, so that we can dig and get beyond paper work, what you have done.

“Also in budgeting, the Federal Republic of Nigeria, innovations and technology will help us to know whether the NEEDS analysis are critical and are part of the budget, not somebody sitting in the office here in Abuja and be imputing anything they want into the budget when they have no social economic impacts on the lives of the people that the budget is meant for.

Kalu also underscored the need for the deployment of technology in the oversight functions of the parliament, saying it would not only gauge the efforts of the government agencies but also give the needed boost to E-Parlaiment for the overall benefits of the people.

“It is technology that will help us drive that. It is also technology that will help us know whether the constituencies are being impacted sufficiently by the constituency projects that are being managed by the members of the parliament as well as the MDAs spread of projects; to know whether section WA 14 of the Constitution of the Federal Republic of Nigeria, the part B of it, with regard to federal character and as it affects projects, if they are well spread, equally, fairly, equitably across the nation, or not.

“There is no magic to this, except through technology. So, you see the scope of your work goes beyond just business and economics of our country. But I also have confidence, that what has driven you into the business space with innovations, will also push you into the leadership space to make sure that we increase the level of accountability and transparency in that aspectaspect”, the Deputy Speaker said.

Earlier in her presentation, the Executive Director of AFRILABS, Mrs. Anna Ekeledo told the Deputy Speaker that their company is providing multilateral support systems to many organizations across the African hemispheres in terms of capacity building, among others.

“We run programs, working with international organisations, multilateral and development finance institutions, whereby we identify innovative solutions across various sectors, sections such as you know, financial services, for example, climates.

“Basically, what we do is, we support innovation hubs which have infrastructures on ground, all with physical centres across the African continent. Right now, our network spans across 53 African countries and over 200 African cities.

“So, in all of these innovates, in all of these spaces, we have young innovative entrepreneurs and then we run programmes that are in for capacity building, funding and financing. So we also mobilise financing as well to entrepreneurs. We also have a fund called Catalytic Africa, which is a matching fund for African start-ups”, Ekeledo said.

Like this:

Like Loading...

Related

You Might Also Like

Spiro Nigeria Fuels Innovation as Official Sponsor of the E1 Grand Prix In Lagos

LCCI Auto Symposium Beams Searchlight On Non-Passage Of NAIDP Into Law

Abuja International Trade Fair: NDIC Marks Special Day,  Reinforces Commitment to Financial Stability, Inclusion

NGO advocates strategies to strengthen peacebuilding initiatives across Nigeria-Benin border

ARCN Seeks Stronger Collaboration with Military on Food Security as Executive Secretary Visits Defence Headquarters

TAGGED: Budget monitoring, House of Representatives

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher November 12, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article NNPC Ltd. Restores Production of 275,000 bopd, Settles lingering PENGASSAN, TotalEnergies Management Rift
Next Article Ebonyi Communal crisis:White paper recommends boundary demarcation
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

Spiro Nigeria Fuels Innovation as Official Sponsor of the E1 Grand Prix In Lagos
Metro Motoring News Transportation October 3, 2025
LCCI Auto Symposium Beams Searchlight On Non-Passage Of NAIDP Into Law
Business Economy Metro News Transportation October 3, 2025
Abuja International Trade Fair: NDIC Marks Special Day,  Reinforces Commitment to Financial Stability, Inclusion
Business Economy Metro News October 2, 2025
NGO advocates strategies to strengthen peacebuilding initiatives across Nigeria-Benin border
Civil Society Organisations Conflict Foreign Metro News Politics October 1, 2025

You Might also Like

MetroMotoringNewsTransportation

Spiro Nigeria Fuels Innovation as Official Sponsor of the E1 Grand Prix In Lagos

October 3, 2025
BusinessEconomyMetroNewsTransportation

LCCI Auto Symposium Beams Searchlight On Non-Passage Of NAIDP Into Law

October 3, 2025
BusinessEconomyMetroNews

Abuja International Trade Fair: NDIC Marks Special Day,  Reinforces Commitment to Financial Stability, Inclusion

October 2, 2025
Civil Society OrganisationsConflictForeignMetroNewsPolitics

NGO advocates strategies to strengthen peacebuilding initiatives across Nigeria-Benin border

October 1, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d