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Home BUSINESS AND ECONOMY CISLAC lament poor procurement and legislative process in public finance management
CISLAC lament poor procurement and legislative process in public finance management

CISLAC lament poor procurement and legislative process in public finance management

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…Seek for media collaboration for effective investigative reportage

By Raphael Jov, Abuja

The Civil Society Legislative Advocacy Centre (CISLAC) has lamented poor procurement and Legislative process in Nigerian government, as Nigeria ranked 146 out of 180 least corrupt countries.

This implies that Nigeria is among the most corrupt countries in the world, according to Transparency International using procurement as one of the indices for assessing country corruption level in 2019.

At a one-day stakeholders’ (Media) Dialogue on Policies, Gaps and Alternatives in Fiscal Transparency, in Abuja, the representative of CISLAC, Chinedu Bassy who addressed participants said, “there is no standardized procurement process in our societies these days. In summary we can say that procurement is one. We also need to look at our legislative process to ensure that all the vessels of the multinational companies used to evoke taxes which reduces the ability of the government to generate the requisite resources need for development.”

CISLAC is calling on such law s to be put in place and enforced within all the sectors of economy in order to improve the welfare of the people.

For them in CISLAC, the Media Dialogue was strategically aimed at putting up some information that they have gathered through a research, which according to them, “We did a research on a public finance management and roadmap just to offer recommendations on how finance could be better manage within and outside covers, whether government or private sector to help alleviate poverty because development can only be fostered by how much you have to offer if there are no resources to provide the requisite infrastructure through the people”.

Some of the recommendations by CISLAC on how a transparent public procurement process can foster development are:

  • To promote awarding of cost-effective contracts to support National development.
  • Promotes economic development and cheers property of Nigerians.
  • Minimizes Fraud Bribery, corruption, Waste and mismanagement of public funds.
  • Promotes physical and socioeconomic development. Among others.

CISLAC is seeking collaboration of media practitioners, for an effective investigative reports on public finance in order to curtail the high level of corruption in public institutions.

Lubem A prolific writer of about two decades standing experience

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