Tag: public spending

2025-12-18 00:00:00

The Nation reports that the Senate has concluded work on amendments aimed at replacing the decades-old audit framework, with lawmakers advancing a Federal Audit Service Bill meant to strengthen oversight and public sector accountability.

The report says the legislation updates Nigeria’s audit architecture and could impact how ministries, departments, and agencies are scrutinised, especially around procurement and project execution.

Supporters argue the reform is overdue, while critics insist effective enforcement will matter more than new legal text.

Punch reported that the Senate concluded consideration of the bill, describing it as a move to modernise federal audit structures. (Punch)

The Guardian similarly covered the development and framed it as a step toward stronger accountability in government spending oversight. (Guardian Nigeria)

Analysis/Echotitbits take: Modern audit rules can tighten leakages only if institutions are independent and audit findings lead to consequences. Watch the final bill text, implementation timelines, and whether audit reports become more timely and publicly accessible.

Source: The Nation — December 18, 2025 (https://pmnewsnigeria.com/2025/12/17/senate-concludes-amendment-to-69-year-old-audit-act/)