The President of Senate, Ahmad Lawan, has expressed deep worry over the excessive incidence of borrowing in the country.
Lawan called on the government agencies to give the necessary attention to generate revenue for the business of governance in the country.
The Senate President said that a total of N1 trillion budgeted for security in 2022 would be closely monitored for the expected result.
The Senate President who turned 63 on Wednesday spoke when he received a birthday card from the Senate Press Corp on Thursday.
He stressed that the only way out of excessive borrowing is to focused attention on improved internal revenue generation.
He said that the Senate under his leadership would engage the various revenue generating agencies for optimum performance.
According to him, the Senate has helped in bringing stability to the country through various interventions.
He said, “We are worried about the excessive borrowing, but we don’t need to if we explore more revenue drive. This is the only way out. The Senate has helped in stabilizing the economy of this country through various interventions.
“In stemming the tide , aggressive engagements with various revenue generating agencies by relevant committees in the Senate , will take place on quarterly basis this year in meeting up and even surpassing targeted revenues for budgetary implementation.
“The current status of low revenue to GDP ratio must be changed.”
Lawan also deplored the worsening security situation in the country saying Nigerians were tired of the stories of recurrent killings across the country.
He lamented that the reports involving the killing of 200 people in Zamfara State was not what Nigerians and even the government would love to hear.
The Senate President who said that the Armed Forces were putting in their best to rise to the security challenges urged them to do more.
He said: “Few days ago , reports have it that over 200 people were killed in Zamfara . This is not the kind of story we want to hear as a people and as government .
“The situation is not too good as far as the unwanton killings by all manners of criminals are concerned. I however believed that things can be turned around for better within the remaining one and half years left for this present administration , inclusive of the 9th National Assembly.”
“In supporting the security agencies for more potent war against the killers in the land , the National Assembly has appropriated over a trillion for security in the 2022 budget which will be monitored very well for desired results .
“In achieving this , our relevant committees will ensure that procurement process is transparent and what and what projected to be bought or acquired, are bought.
“The security situation in the country is begging for more attention and it shall be given because that is the primary purpose of governance” he added.