Protocol:
1. Distinguished colleagues, I am especially delighted to welcome you back to the hallowed Chamber of the Senate after a short recess. It is my hope that the recess afforded some of us time to rest from the dizzying activities of elections and inauguration such that we could feel the pulse of the nation again and be ready to get unto the business of making laws for the peace, order and good government of Nigeria.
2. As I had noted in my inaugural address, the task before us is enormous but very clear. Nigerians voted for change. They demand that we deliver to them tangible change. They expect that we improve the quality of governance. Three clear issues agitate their mind today; the falling government revenues and the current fiscal crisis in many of our states, the unsustainable cost of governance in the country and the rising cost of doing business in Nigeria.These concerns have also agitated our minds individually and collectively and we must provide answers because it can no longer be business as usual.
3. It is clear that it is at times like these that nations either buckle up, face the realities of their predicaments, and forge ahead to ensure a brighter future for the next generation, or turn a blind eye to the extravagant facts that are staring us in the face. As it stands, given the trust that Nigerians have placed on us, legislators of the 8th National Assembly, to leave a historic impact on the affairs of our nation, we must choose to show that we are made for this moments, to leave a historic impact. Without doing so, we will not have the moral authority to question Ministries, Departments and Agencies (MDAs) that carryon with little regards for the public good.
4. My fellow colleagues, I dare say to you, it is time for us toroll up the sleeves for history beacons. We must hold fast to the reason we were elected in the first place to listen to and fight for the concerns of our brothers and sisters, sons and daughters, fathers and mothers back home. We are the closest representation that they have to the federal system; hence, we must also be the most dogged-advocates of their demands.
5. In the last few days, we have seen the media awash with fictitious reports on wardrobe allowances for National Assembly members. The response to this report, which was not just false and malicious but also reckless at best, further emphasizes the need for us to run a more transparent National Assembly to avoid the attendant misinformation this type of mischief can bring.
6. In the light of this, distinguished colleagues, and in keeping with our avowed commitment to lead from the frontline, I met last week with officials from the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), the Statutory body with the remit to set salaries and allowances for both the Executive and the Legislature, to get accurate information on the true state of all salaries and allowances for members of the National Assembly. In the coming days after the leadership of the National Assembly is fully established, we shall be setting up an ad hoc committee to reappraise the structure of the National Assembly budget, make it more open, and ensure that the entire budget is in line with economic realities.
7. With the falling price of oil in the international market and the attendant reduction in revenues, the fiscal stress is already beginning to tell on our economy with some states becoming hard pressed to pay even salaries of workers. Implementation of capital projects under the budget has become very challenging. These problems will not wait for us to settle down, we must get into the business segment and make priority efforts to have a closer review of the revenue stream. One sure task we must deal with to minimize the current crisis will be to find ways and means to shore up the revenues. To achieve this all cards will be on the table. Most importantly, we must reduce to the barest minimum revenue leakage points; strengthen oversight of the entire revenue collection and mobilization architecture of the federation.
8. In view therefore, may I seize this opportunity to announce to you, the immediate composition of an 18man Senate ad hoc committee comprising of 3 Senators from each geopolitical zone, to immediately draw up a Legislative Agenda for the 8th Senate within a week. The expected draft agenda, which will be laid on the floor of the Senate for your approval my distinguished colleagues, will give the Senate focus and cohesion in pursuing our set targets.
9. Distinguished colleagues, now that we are back, there is no doubt that we have great legislative challenges to face and the high expectations of our people to meet. We must see the challenges we face today also as opportunity to look inwards to find answers to our developmental problems. All that we need is patriotism, maturity and unconditional commitment to the course of change.
10. My distinguished colleagues, I believe we can make this nation Nigeria great again. But it all starts now if we all can believe.
11. Thank you for your attention and God bless Nigeria.
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