House of Representatives Committee on Finance has commended the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, for providing detailed explanations on some oil industry issues during an interactive session on the 2022-2024 Medium Term Expenditure and Revenue Framework (MTERF) and Fiscal Strategy Paper (FSP). The Chairman of the House […]
The House of Representatives’ Joint Committee on Finance, Banking and Currency on Monday held its inaugural hearing on alleged revenue leakages from the Federation Account estimated at about $30bn yearly relating to transfer of funds for payment of international contracts and interbank transfers, among others. The committee, co-chaired by Honourables James Faleke and Victor Nwokolo, […]
The House of Representatives on Wednesday approved the Medium Term Expenditure Framework (MTEF), the Fiscal Strategy Paper (FSP), and put the total government’s proposed expenditure for the fiscal year at N13.08 trillion The approval of the proposed budget by the lawmakers was sequel to the unanimous adoption of a report presented by the Chairman, House […]
The House of Representatives on Monday asked the Accountant-General of the Federation, Ahmed Idris, to reconcile inconsistencies discovered by the Committee on Finance in his office’s budget and resubmit the proposals for deliberations. The chairman, House Committee on Finance, Hon. James Faleke, gave the directive after members of the committee had considered the proposed budget […]