The Growth Initiatives for Fiscal Transparency (GIFT Nigeria) has urged members of the 9th National Assembly to fast-track the passage of the Fiscal Responsibility Act (FRA) amendment Bill still pending before it to ensure blockage of revenue leakages in the oil and gas sector.
These charges were made by members of the group in a press briefing in Abuja, stating that this is the only way to engender transparency in public finance management in the country.
The group said it decided to focus more on the oil sector because it is the country’s major source of revenue as well as foreign exchange earner year in year out.
