President Bola Tinubu on Wednesday signed the N2.17 trillion 2023 supplementary budget. The signing of the Supplementary Appropriation proposal by the President followed its passage by both chambers of the National Assembly last week. The proposal, which was approved by the National Assembly, has now effectively become a law, making it possible for the federal […]
National Assembly
Senate Holds Emergency Plenary On 2023 Supplementary Budget, Others
The Senate on Monday convened an emergency plenary session to adopt the vote and proceedings of the last plenary, held last Thursday as they related to the new fiscal and electoral officers requests by President Bola Tinubu for its consideration. Specifically, the emergency plenary was convened to gazette the confirmation of the ten resident electoral commissioners […]
Senate Passes N2.18Trn 2023 Supplementary Budget Bill
….Sends Bill To Appropriation Committee For Action In line with President Bola Tinubu’s plea in a letter on the 2023 Supplementary Budget sent to the Senate on Wednesday, the lawmakers in the Red Chamber swiftly passed the N2.18 trillion supplementary budget for the 2023 fiscal year through . The supplementary budget bill, which was […]
Tinubu Seeks N/Assembly’s Approval Of $7.864Bn, €100Mn Loans
President Bola Tinubu on Wednesday sought the Senate’s processing of a loan facility of $7,864,508,559 and €100 million earlier requested during the immediate past Muhammadu Buhari-led administration under the 2022 – 2024 external borrowing plan. The President conveyed the request to the Red Chamber of the National Assembly through a letter he addressed to the […]
Senate Confirms Adedeji As FIRS’ Chairman
The Senate on Tuesday confirmed the nomination of Dr. Zacch Adedeji as the Chairman of the Federal Inland Revenue Service (FIRS). Adedeji, who appeared at the upper chamber for screening elaborately spoke on his plans to improve the nation’s revenue, referring to the dearth of information in the oil and gas sector. While lamenting the […]
NBS Seeks Stakeholders’ Support On Production Of NSDS 2024-2028
The National Bureau of Statistics (NBS) on Tuesday solicited stakeholders’ support on the production of the National Strategy for the Development of Statistics (NSDS) 2024-2028 scheduled to soon commence nationwide. The NSDS 2024-2028, which is the Phase III of the exercise, is a comprehensive framework to guide the systematic and co-ordinated development of statistical activities […]
FEC Approves N2.176Trn Supplementary Budget For FY2023
The Federal Executive Council (FEC) on Monday approved the submission of a supplementary budget of over N2.1 trillion to the National Assembly for the fiscal year 2023 amid rising public governance expenditure obligations. The FEC approved the N2.176 trillion for presentation to the Legislature during its weekly meeting presided over by President Bola Tinubu. The […]
FG Mulls Collection Digitalization To Block Revenue Leakages
The Accountant General of the Federation, Dr. Oluwatoyin Madein, has unveiled plans by her office to improve federal revenue generation through investment in digitalization process of revenue remittances and receipts issuance. Madein, who made this disclosure during a meeting with the House of Representatives Committee on Finance, said the Office was ready to collaborate with […]
Cardoso Assumes Duty As Acting CBN Governor
Barely a week after President Bola Tinubu announced his nomination for appointment as Acting Governor of the Central Bank of Nigeria (CBN),Dr. Olayemi Cardoso, has formally assumed duty at the apex bank. In a statement issued on Friday, the apex bank’s Director, Corporate Communications, Dr. Isa AbdulMumin, confirmed that Cardoso together with his designated deputies […]
FG Approves NCC Act 2003 Review To Enhance Commission’s Regulatory Roles
The Federal Government has approved a review of the NCC Act 2003 to streamline Nigerian Communications Commission’s (NCC’s) regulatory roles in line with the Information Technology policy development and avoid overlapping of its functions with those of the National Information Technology Development Agency (NITDA). The approval may not be unconnected with recent disagreements between NCC […]