By Christiana Ekpa
The Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, has assured Nigerians that the House will guarantee transparency, accountability, and effective implementation of the Federal Government’s Naira-for-Crude Oil Policy.
Speaking through the Minority Leader Kingsley Chinda at the inauguration of the Ad-hoc Committee on the Implementation and Oversight of the policy, Speaker Abbas described the exercise as a crucial step towards strengthening transparency and efficiency in one of Nigeria’s most important energy sector initiatives.
He said the committee has been entrusted with the vital responsibility of monitoring implementation, ensuring inter-agency coordination, and assessing the policy’s effectiveness.
“Its work is critical to making sure the objectives of the policy are met, and that any gaps in execution are promptly addressed. The House expects nothing less than a thorough, impartial, and well-documented process that contributes to the stability of our economy,” the Speaker said.
Abbas noted that the policy carries far-reaching implications for Nigeria’s foreign exchange stability, revenue generation, and long-term energy security. He stressed that a comprehensive review of its framework will help determine whether the policy is meeting its goals and identify adjustments where necessary.
“Such an assessment will provide the House with clearer guidance in exercising its legislative commitment. We trust the committee to deliver results that meet the expectations of this chamber and the hopes of the people we serve,” he added.
The Speaker reaffirmed that the 10th House remains committed to supporting President Bola Ahmed Tinubu’s Renewed Hope Agenda, particularly in addressing economic challenges confronting Nigerians.
“Our resolve is to ensure the legislature remains a true partner in progress by aligning its priorities with the aspirations of the people and the policy direction of government. We are committed to working across party lines and with all stakeholders to promote sustainable growth, enhance citizens’ welfare, and safeguard national resources for present and future generations,” he said.
