Nigerian Lawyer Urges Checks on Regulatory Powers to Boost Economic Development
Nigerian Lawyer Urges Checks on Regulatory Powers to Boost Economic Development

Nigerian Lawyer Urges Checks on Regulatory Powers to Boost Economic Development

News summary

The tabling of Pakistan's 2024–25 audit reports has sparked a critical debate about the relationship between Parliament and the Auditor General, emphasizing the need for better alignment and trust to ensure effective democratic oversight and public financial integrity. In Nigeria, concerns have been raised about the broad enforcement powers of regulatory institutions, highlighting the risk of arbitrariness and the need for checks to foster orderliness and support economic development. Both cases reflect a broader theme of the challenges posed by regulatory bodies wielding significant authority, whether in auditing government expenditures or regulating commercial activities, and the importance of balancing enforcement with accountability and stakeholder engagement.

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