- BBNaija 2020 stars, Ka3na and Praise, got internet users buzzing over their recent actions under the sheets - During her media rounds, one of the recently evicted housemates, Ka3na, spoke on what went down - The self-acclaimed lady said that nothing happened but she did not get intimate with Praise under the sheets The BBNaija 2020 Lockdown show has proven to be quite interesting as it has given viewers one thing or the other to talk about. Just recently, two of the housemates got a lot of viewers excited on social media and they are Ka3na and Praise. Videos went viral of the duo getting entangled under the sheets and viewers drew their conclusions that a lot must have gone down. Unfortunately, one of the housemates, Ka3na, recently got evicted and people were eager to ask her what the situation between her and Praise was. Ka3na was the first housemate to get evicted from the BBNaija 2020 show. During her media rounds, the self-acclaimed boss lady denied having sex w...
Nigerian Govt Not Fiscally Transparent, Says U.S
The U.S. has classified the Nigerian government among those that are not fiscally transparent.
The classification, contained in a report released Thursday by the U.S Department Of State, means Nigeria’s budgeting process, including its contracting and licensing processes in the extractive industry, did not meet the standards required of the American government.
The report, called the 2019 Fiscal Transparency Report, covers January 1 to December 31, 2018.
It assessed the fiscal transparency of 141 national governments that receive U.S assistance.
141 governments met the minimum requirements of fiscal transparency, while 13 of the 67 that fell short of the standards made “significant progress”, the report said.
Nigeria is neither among the 74 that met the minimum requirements nor among the 13 adjudged to have made significant progress.
Some of the African countries classified alongside Nigeria are Egypt, Ethiopia, and the Gambia.
Gabon, Chad, Equatorial Guinea, Togo, Tanzania, Sudan, South Sudan, Niger, Mozambique, Mali, Lesotho, and Cameroon are also among the African countries whose governments failed the U.S transparency assessment.
China, Saudi Arabia, Iraq, Lebanon, and Ukraine are among non-African countries that failed to meet the American government requirements.
“During the review period, the government made its executive budget proposal, enacted budget, and end-of-year report accessible to the general public, including online. The executive budget proposal and the enacted budget, however, were not published within a reasonable period of time,” the report said of Nigeria.
“Information on debt obligations was publicly available. Budget documents provided detailed estimates for revenue and expenditure but did not include allocations to and earnings from state-owned enterprises. The Nigerian National Petroleum Corporation did not have fully audited financial reports that were available to the public.
“The government maintained off-budget accounts not subject to adequate oversight or audit. Due to oil price fluctuations, actual revenues and expenditures varied significantly from estimated figures making budget documents unreliable
The report said, for Nigeria’s fiscal transparency to improve, the government must take the following actions:
Publishing its executive budget proposal and enacted budget within a reasonable period of time.
Detailing allocations to and earnings from state-owned enterprises.
Improving the reliability of budget documents by producing and publishing a supplemental budget when actual revenues and expenditures do not correspond to those in the enacted budget.
Making full audit reports for significant, large state-owned enterprises publicly available.
Subjecting off-budget accounts to adequate audit and oversight and making information on such accounts publicly available.
The U.S. said the report did not assess corruption, but that lack of fiscal transparency could encourage corruption.
“A finding that a government ‘does not meet the minimum requirements of fiscal transparency’ does not necessarily mean there is significant corruption in the government. Similarly, a finding that a government ‘meets the minimum requirements of fiscal transparency’ does not necessarily reflect a low level of corruption,” the report said.
The U.S said the report was done with inputs from international organisations and civil society organisations.
The U.S. has classified the Nigerian government among those that are not fiscally transparent.
The classification, contained in a report released Thursday by the U.S Department Of State, means Nigeria’s budgeting process, including its contracting and licensing processes in the extractive industry, did not meet the standards required of the American government.
The report, called the 2019 Fiscal Transparency Report, covers January 1 to December 31, 2018.
It assessed the fiscal transparency of 141 national governments that receive U.S assistance.
141 governments met the minimum requirements of fiscal transparency, while 13 of the 67 that fell short of the standards made “significant progress”, the report said.
Nigeria is neither among the 74 that met the minimum requirements nor among the 13 adjudged to have made significant progress.
Some of the African countries classified alongside Nigeria are Egypt, Ethiopia, and the Gambia.
Gabon, Chad, Equatorial Guinea, Togo, Tanzania, Sudan, South Sudan, Niger, Mozambique, Mali, Lesotho, and Cameroon are also among the African countries whose governments failed the U.S transparency assessment.
China, Saudi Arabia, Iraq, Lebanon, and Ukraine are among non-African countries that failed to meet the American government requirements.
“During the review period, the government made its executive budget proposal, enacted budget, and end-of-year report accessible to the general public, including online. The executive budget proposal and the enacted budget, however, were not published within a reasonable period of time,” the report said of Nigeria.
“Information on debt obligations was publicly available. Budget documents provided detailed estimates for revenue and expenditure but did not include allocations to and earnings from state-owned enterprises. The Nigerian National Petroleum Corporation did not have fully audited financial reports that were available to the public.
“The government maintained off-budget accounts not subject to adequate oversight or audit. Due to oil price fluctuations, actual revenues and expenditures varied significantly from estimated figures making budget documents unreliable
The report said, for Nigeria’s fiscal transparency to improve, the government must take the following actions:
Publishing its executive budget proposal and enacted budget within a reasonable period of time.
Detailing allocations to and earnings from state-owned enterprises.
Improving the reliability of budget documents by producing and publishing a supplemental budget when actual revenues and expenditures do not correspond to those in the enacted budget.
Making full audit reports for significant, large state-owned enterprises publicly available.
Subjecting off-budget accounts to adequate audit and oversight and making information on such accounts publicly available.
The U.S. said the report did not assess corruption, but that lack of fiscal transparency could encourage corruption.
“A finding that a government ‘does not meet the minimum requirements of fiscal transparency’ does not necessarily mean there is significant corruption in the government. Similarly, a finding that a government ‘meets the minimum requirements of fiscal transparency’ does not necessarily reflect a low level of corruption,” the report said.
The U.S said the report was done with inputs from international organisations and civil society organisations.
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