Oborevwori Hails Gov Okowa For Introduction Of Medium Term Expenditure Framework
…As Workshop On MTEF Opens In Asaba For Lawmakers
The Speaker of the Delta State House of Assembly, Rt Hon Sheriff Oborevwori has commended the State Governor, Senator Dr Ifeanyi Okowa for introducing the Medium Term Expenditure Framework (MTEF ) in the state.
In his opening remarks on Thursday in Asaba, at a two-day workshop on Medium Term Expenditure Framework and Budget Process for Members of the Delta State House of Assembly, the Speaker said; “I wish to seize this opportunity to express our profound appreciation to His Excellency, Senator Dr. Ifeanyi Okowa for his foresight in introducing the MTEF process to the State”.
The Workshop, with the theme, ” The MTEF as a mechanism for effective service delivery to the citizens “, according to the Speaker, promises to be exciting engagement, adding that the Workshop was being held to serve as a refresher course for returning Members and to expose new Members to the MTEF document and Budget process.
Rt. Hon. Oborevwori outlined the objectives of the workshop to include, enhancing participants understanding of the Delta State Fiscal Responsibility Law and ancillary matters, to improve participants understanding of the MTEF, FPS and other related concepts and principles to enable them effectively engage in the deliberation of the 2020 budget and to provide a platform for the House to reflect and agree on positioning the House to effectively review the 2020 MTEF and Budget of the State as well as monitor/ oversight its implementation.
“My dear colleagues, one of the principal duties of the legislature has always been to exercise control over the raising and spending of public revenue. We exercise this function in the consideration and passage of the Annual Budget of the State. Lately, a global best practice in Budgeting, MTEF, was adopted by all Organisation for Economic Co-operation and Development (OECD) countries to strengthen Budgeting process in Governments”, he said.
The Speaker added that; “Nigeria is a member of the OECD. As a State, the Medium Term Expenditure Framework (MTEF) was introduced in 2016 by His Excellency, Senator (Dr.) Ifeanyi Okowa. The purpose of MTEF is to indicate the financial resources needed during the Medium Term covering a period of three years. Any moment from now, the 2020 – 2022 Medium Term Expenditure Framework (MTEF) of the State will be sent to the House by His Excellency, the Governor. Therefore, this workshop is apt and cannot hold at a better time than this”.
He also said; “Distinguished Colleagues, I can assure you that once we get the MTEF process right, our considerations of the anticipated 2020 Budget will be less cumbersome for Committees. I therefore urge Members to pay attention to the lectures and actively participate in the technical sessions”.
The Speaker expressed the hope that at the end of the workshop, “our understanding of the concept of MTEF, it’s guiding principles and purpose, and the general budget process will be enhanced”.
Earlier, the Clerk of the Delta State House of Assembly, Mrs ( Barrister) Lyna Ocholor said that “It is my honour and privilege to welcome you to this two days workshop which is geared towards providing a learning curve for the first timers and as a refresher course for the ranking members as we look into the budget process and the Medium Term Expenditure Framework / Fiscal Strategy Paper as it concerns Delta state”.
She said that the MTEF/FSP is a three-year rolling Expenditure plan that spells out the medium-term expenditure priorities and provides the basis for the preparation of the annual budget of the State.
She lauded the leadership of the House for taking the initiative to organize the workshop before the presentation of the 2020 budget, saying that; ” It is my sincere belief that at the end of this workshop, Honourable Members will be ready to engage MDAs and other stakeholders in critically examining the budget estimates as it relates to the MDAs they oversight”.
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