The President of the Senate, Sen. Bukola Saraki, on Thursday responded to an open letter from the former President of Nigeria, Chief Olusegun Obasanjo, saying the 8th Senate was committed to good governance, transparency, accountability and due process.
The former President had in a letter, Wednesday accused both chambers of greed and insensivity to the plight of the country.
He had also accused members of the National Assembly of corruption and extravagant wastage of the nation’s resources despite the harsh economic reality confronting the nation.
He had specifically alleged that the federal legislators allocated to themselves, salaries and allowances above the template approved by the Revenue Mobilisation, Allocation and Fiscal Commission for National Assembly members, urging them to take into cognisance the dwindling revenue.
Replying to the letter in a statement he signed personally, Saraki however assured the former President that the NASS was aware of the current economic realities and was also cutting its expenditure.
“Yesterday, I acknowledged receipt of a letter from former President Olusegun Obasanjo in which he called the attention of the National Assembly to some issues.
“I will want to assure President Obasanjo that the leadership and membership of the 8th Senate are committed to good governance, transparency, accountability, due process and responsiveness to the economic reality of our nation.
“It is for this reason that the legislative chamber has introduced bold and progressive reforms in the management of the finances of the National Assembly.
“This is of even greater importance during a tough fiscal period for our country.
“Like I said, the Senate must lead by example in terms of our own funding, budgets and accountability; showing, beyond doubt, value for money.
“I have canvassed that we must lay bare the budget of the Senate, the National Assembly and its affiliated institutions.
“I equally canvassed the need to strengthen the capacity of the legislative institution to carry our effective oversight of the executive arm.
“That way, we can ensure the budget leads to the realisation of the policy objectives of the Buhari Administration,’’ he said.
He continued: “I appreciate President Obasanjo for his consistent role in always reminding those of us in government about our responsibilities to the general public and offering timely advice where necessary,’’ he said.