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Yuguda pledges transparency in revenue sharing


ABUJA – The newly appointed Minister of State for Finance, Mr Bashir Yuguda, in Abuja on Monday promised  to ensure transparency in the sharing of revenue in the country.

Yuguda made the promise when he was formally received in the ministry, by the senior management staff, including the permanent secretary and directors.

He said what usually brought discontent in the Federal Account Allocation Committee (FAAC) meeting was when commissioners of Finance were not carried along in all decisions concerning revenue allocations.

He promised to work with the commissioners so that everyone could leave the meetings  satisfied.

“The way to move beyond all the disagreement that used to occur with the commissioners of Finance during FAAC is to improve transparency in the way it is conducted.

“There is nothing hidden in the sharing of the revenue coming into the coffers of government.

“So, once everything is laid before the governors, through their representatives; the accountants-general and commissioners of Finance, we will not have any problem,’’ he said.

Yuguda promised to work with the Minister of Finance, Dr Ngozi Okonjo-Iweala, to achieve the mandate of the ministry.


“What I am bringing to the Ministry of Finance is a continuity of service.

“I have been a minister in Nigeria for the last three and a half years, so I am continuing with the mandate of Mr President.

“I assure you that I am a team player and I know my role as the Minister of State for Finance.

“I will work with my permanent Secretary and directors and with the cooperation of the coordinating Minister of the Economy; I should be able to deliver on my assignment,’’ he said.

Yuguda served as Nigeria’s  Ambassador to the United Arab Emirates and Qatar from 2008 to 2011.

He was until recently, the Minister of State for Works. (NAN)


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