In less than 24 hours, President Muhammadu Buhari will finish his first term and thanks to his re-election, he will begin another four-year term.
While his administration had paid some attention to the economy through the national economic council headed by Vice President Yemi Osinbajo, there is still a number of things to be done.
Two months after assuming office in 2015, he approved the dissolution of governing boards of federal parastatals, agencies and institutions.
No move was made to fill up these positions until December 2017 when a total of 209 chairmen, 1258 board members were appointed.
However, it was discovered that there were five dead people on the list.
Despite the mass appointment, these 10 parastatals did not get boards.
- Transmission Company of Nigeria (TCN)
- Nigerian Electricity Liability Management Company (NELMCO)
- Nigerian Electricity Management Services Agency (NEMSA)
- Nigeria Customs Services (NCS)
- Federal Inland Revenue Service (FIRS)
- Securities and Exchange Commission (SEC)
- Pension Commission of Nigeria (PenCom)
- Pharmaceutical Council of Nigeria
- National Institute for Pharmaceutical Research and Development (NIPRD)
- National Power Training Institute of Nigeria (NAPTIN)
In the case of the Nigeria Customs Service, the board’s main functions are appointment, promotion and discipline of officers of the service while also serving as the policy-making organ of the service.
The Boards is also to administer the CEMA. It is the policy-making organ of the service. Also, the Nigeria Customs Services (NCS) is yet to have a board.
According to the Customs Excise and Management Act (CEMA), board members should consist of 11 members, including the minister of finance as the chairman, the comptroller general of Customs as vice chairman, a representative from federal ministry of commerce, a representative of ministry of transport, a representative of ministry of industries, a representative of ministry of finance, a representative of National Universities Commission, chairman, Federal Inland Revenue Board, serving DCGs of Customs, the legal adviser of NCS, as secretary to the board
For the Securities and Exchange Commission (SEC), the board is saddled with the responsibility to formulate general policies for the regulation and development of the capital market. The board is supposed to appoint auditors for the commission; consider and approve the annual budget of the commission as may be presented to it by the management; establish zonal offices and carry out such other activities as are necessary and expedient for the purposes of achieving the objectives of the commission.
Cable
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