The AdvoKC Foundation is urging President Bola Tinubu to sign the Federal Audit Service Bill, which has been delayed for over seven months. This bill aims to repeal colonial-era legislation and establish an autonomous audit service with stronger powers for accountability.
The foundation highlighted the IMF’s report on Nigeria’s fiscal management, noting that significant capital expenditure occurred outside the formal budget. The bill is seen as crucial for strengthening public financial management and aligning with international recommendations for transparency.
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