NPA Signs Pact for Transparency in Budget Implementation

Nigerian ports authorityNigerian ports authority
  • NPA Signs Pact for Transparency in Budget Implementation

The Nigerian Ports Authority (NPA) has signed a Memorandum of Understanding (MoU) with BudgiT Information Technology Network, to ensure transparency and accountability in its budget implementation.

The Managing Director, NPA, Hadiza Balla Usman, at the agreement signing at the weekend, said that the partnership became necessary for the development of an open budget system platform and implementation of a public data dissemination programme that will help the agency in blocking revenue leakages.

BudgiT, according to her had achieved feats in the space of socio-technological advocacy towards opening up of public budgets for citizens’ comprehension.

She said the partnership would help NPA to deliver on its mandate and create more wealth for Nigerians and would also assist it as a critical organ in the economic artery of the nation to promote effective and efficient management of all its 24 terminals across the country.

She added that it will also promote transparency in public expenditure, while instilling a framework for transparent budget provisions for the Authority that allows stakeholders to add their inputs, encourages participatory governance by way of feedbacks and creates an enabling environment to encourage foreign investment.

“The collaboration will ensure key researches; industry policies and innovations are effectively communicated. It will also ensure that critical data are generated and made accessible for policy makers, private sector actors, stakeholders and the general public,” she said.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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