Vice President Yemi Osinbajo yesterday at the Presidential Villa, Abuja inaugurated the audit committee on federal government’s policies, programmes and projects.

Osinbajo said that the committee was set up with a view to taking stock of the administration’s efforts so far and making concrete preparations for the second term in office which would begin on May 29.

President Muhammadu Buhari had on Tuesday set up a committee chaired by the vice president to audit policies, programmes and projects in his first term in office.

The committee members are the chief of staff to the president, the head of civil service of the federation, the minister of Budget and National Planning, the minister of Finance, minister of Power, Works and Housing, and the attorney-general and minister of justice.

Others are the minister of Industry, Trade and Investment, minister of Transportation, minister of Agriculture and Rural Development, minister of Water Resources , governor, Central Bank of Nigeria (CBN) national security adviser (NSA), permanent secretary, Cabinet Affairs Office and the deputy chief of staff to the president.

Osinbajo said that the terms of reference of the committee were “to audit and determine the status of the implementation of policies, programmes and projects either inherited or commenced by the out-going administration; identify and highlight the residue of works and challenges that may militate against their successful implementation; prepare and produce a detailed working document that would guide the incoming cabinet members on the direction of government regarding policies, programmes and projects.

According to Osinbajo, in the next few weeks, the team would determine the current status and performance of federal government’s projects and programmes relying on the submissions made by the various Ministries, Department and Agencies (MDAs).

He said that aside such submissions, the committee would do an objective assessment of experts who were already engaged on similar assessments and would be co-opted to assist in the mission.

Osinbajo said that the team would be required to produce a detailed implementation plan based on the Economic Recovery and Growth Plan (ERGP) and several documents including the Next Level document.

He said that all members of the committee would be required to work with teams of their own choice but the committee would work with a team of experts which had already been engaged.