The Senate on Wednesday directed its committees on National Planning, Non-Governmental Organizations (NGOs) and Diaspora to come up with a legal framework to regulate the inflow of aids into the country.
It equally lamented that 60 per cent of foreign aids are usually lost to transaction costs, wastage and capital flight back to the donor countries through the implementing contractors.
The resolution followed the adoption of the prayers of a motion entitled: “The need to make development aids more effective to work for Nigerians” sponsored by Senator Yahaya Oloriegbe.
The Senate also directed the National Planning Commission to develop a policy framework that would create mechanisms for development cooperation and aid effectiveness in Nigeria.
It also mandated all its relevant standing committees – that oversee Ministries, Departments and Agencies (MDAs) – who are beneficiaries of development aids/grants to request for, analyze and consider such aid/grants in the appropriation of funds for the MDAs’ activities.
The Senate further advised State Planning Commissions and Houses of Assembly to domesticate and implement federal policies and laws that would enable the states to achieve aids effectiveness.
In his contribution, President of the Senate, Senator Ahmad Lawan, thanked his colleagues for their incisive interventions and described the issue of aids as an important item that would be part of the legislative agenda of the 9th Senate.
