The Nigerian government has been told to lead the constitution amendment process that will create a legal framework for the operation of the excess crude account and other stabilization funds.
Former minister of education, Oby Ezekwesili said this in Abuja at roundtable on savings and stabilization mechanism for Nigeria.
Proper recording of revenue accrued to the excess crude account has been a subject of debate among economic analysts in recent times.
The gathering of professionals was put together to discuss ways in which a legal framework to run the account can be achieved.
Other speakers at the event emphasized the need for civil society organizations to embark on enlightenment campaigns that will demand transparency in government spending.
The round table discussion ended with the agreement to sustain the tempo of engagement with the executive and legislative arms of government for a change in the government structure of Nigeria savings and stabilization funds.
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