Akpabio Promises effective oversight to block revenue leakages

***Says Revenue streams available to the country would be expanded

The newly elected Presidebt of the Senate, Godswill Akpabio has promised to engender effective oversight of the executive arm of Government to block revenue leakages

He also promised to work with his colleagues to expand the revenue streams available to the country especially from the huge but largely unregulated natural and solid mineral resources base.
Akpabio who gave the indication during his acceptance speech after he was elected President of the 10th senate spoke against the backdrop that the last administration of former President Muhammadu Buhari had plunged the country in to debts running into 56 trillion or $95.77 billion

The additional sources of revenue he said will be used to build the nation’s resilience to shocks and stresses resulting from the fluctuation of oil prices in the international market.

According to him, the expansion of revenue sources coupled with effective oversight which his leadership will engender to block loopholes for revenue leakages and wastages at ministries, departments and agencies will help to shore up needed revenue for effective governance

Akpabio also promised that his senate leadership will not witchhunt his opponents in the struggle for the senate presidency
“I extend my sincere hands of fellowship to all of us, including those who, at a time, may have had different opinions regarding the leadership of the Senate. “These expressions of differing and opposing opinions and views are but the fabric that democracy is made of.

“Many of the challenges we have had, and many of the defining moments of our historic journey as a nation towards true democracy, have been met and made by those who have hitherto occupied this seat.
“I am therefore immensely grateful not only for the great trust you have placed in me today by electing me as the President of the Senate but also for the opportunity to serve our great nation, the Federal Republic of Nigeria.
“I assure you, Distinguished Senators, that I am mindful of the enormous responsibilities that this position calls for. You will have my cooperation in all matters and our joint efforts will be one of team-work.
“Democracy, ultimately, has to do with choice, and there can be no real choice where and when there are no alternatives. It is time now to go forward with the task set before us as a collective body – the promulgation of laws and enactments for the well-being and security of the country and as a check on the executive arm of the government of the Federal Republic of Nigeria, in our oversight functions.
“Together, we shall reach and surpass the expectations of the Nigerian people regarding us, and our roles in building a better, safer, more inclusive, prosperous, efficient and ethical country.
He said President Bola Tinubu is committed to a strong economy, national security, inclusion and the rule of law.
“The antecedents of Mr President and his actions in office these past two weeks give not just a pointer but bear witness to an executive government that knows the challenges of the country and is in a hurry to resolve same.
“We should therefore, anticipate an executive that is pro-active, progressive and practical.

“Our laws must therefore, align with the vision of Mr. President to protect and provide for our people at the innermost core of their essence while our actions must also guarantee the best and most efficient use of our national commonwealth.
According to him, government being a continuum the Senate is no less so.
“We shall therefore, further strengthen the legislative space in continuation of the laudable efforts made by the 9th Senate under the able leadership of H.E. Senator Ahmed Lawan, GCON, President of the 9th Senate. Chief among these are:
On gender matters he said he will work with specific affirmative provisions to guarantee women’s inclusivity on issues relating to persons with special needs and equality
He promised that the Senate will make laws that will engage, empower and reward the resourceful and innovative youths in terms of protection of intellectual innovations and property, and improved access to finance for technological start-ups.
“We must recognize and prepare for a mid-21st century global economy that places a premium on intellectual content and knowledge, and our young men and women must be supported to engage competitively

“We will, as a forward-looking Senate, pass laws that emphasize economic viability, social acceptability and environmental sustainability, to encourage alternate and green technologies without prejudicing our developmental needs.

“We must, therefore, as a Senate, rise to partner with His Excellency the President of the Federal Republic of Nigeria, and provide the required legislative framework and legal environment for him to anchor the policies and programmes that he espouses for the country.
“In doing this, I will particularly like to address our Distinguished colleagues from other parties. Yes, we may have come to the National Assembly through the instrumentalities of different political parties, so it is appropriate to recognize and respect our differing perceptions and positions on issues that will be brought before this chamber. “However, in all matters of national interest, we are enjoined to remember that we are first and foremost, Distinguished Senators of the Federal Republic of Nigeria, before our roles as representatives and members of our individual political parties.
“There is therefore, every reason to support good policies and programmes of the federal government, and I call on you to put this national interest first at all times.
“Our Senate, the 10th Senate of the Federal Republic of Nigeria, will be a senate for all Nigeria. Together, we shall be greater than the sum of our individual political parties.
“On my part, Distinguished Senators, I affirm that this leadership shall be yours. It shall be a servant leadership; it shall be an uncommon leadership.
He promised Nigerians that their dreams, aspirations and well-being will be at the heart of everything they will do in the 10th Senate.
“I urge you to remain hopeful, steadfast, and united. Nigerians must remember that the nation is caught up in global challenges and upheavals which have far reaching consequence; the impact of armed conflicts in Europe and Africa, as well as global political and economic realignments are but a few of these events impacting Nigeria, other countries in Africa and even beyond.
“Our Senate will remain watchful of, and will be responsive to, these events.
He expressed gratitude to God Almighty the creator of the universe, who alone he said is supreme and worthy of all glory, honour, majesty, dominion and power.
“I bow before you and acknowledge your inestimable control of all that we do and that we are.

“Today marks a historic moment as we embark on a new chapter in the Senate. Distinguished Senators, today, I stand before you humbled, honored, and filled with an overwhelming sense of gratitude and responsibility as I acknowledge and accept your call to serve as the President of the Senate of the Federal Republic of Nigeria.
“I assure you that I will discharge the responsibilities of this office with utmost dedication, integrity, and fairness.”
He said he is humbled because their choice reflects the collective will of the Senate, the assembly of Nigerians whose role and responsibilities for Nigeria is at the apex of the demands of true patriotism, loyalty and devotion to the country.
“As the Senate, you represent the entire country and your choice is a reflection of the choice of your constituents, of all Nigeria. And I thank you very sincerely for it.”