Budgeting Economy News Extra Infrastructure & Capital Projects Latest News National Assembly Planning & Economic Development Political Economy Revenue Tax

N/Assembly Passes N13.588Trn 2021 Appropriation Bill

The Senate on Monday at its emergency plenary session passed the 2021 Appropriation Bill with a projected N13.588 trillion expenditure for the fiscal year. The passage of the budget in the Senate was sequel to the consideration of a report by the Committee on Appropriations on the 2021 Appropriations bill. In his presentation, Chairman of […]

Budgeting Economy News Extra Latest News National Assembly Political Economy Revenue

Senate Passes 2021-2023 MTEF/FSP, Pegs Oil Benchmark at $40/B

The Senate on Thursday passed the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The passage of the document was sequel to the consideration of a harmonized conference report of the Joint Committee of the Senate and House of Representatives. In his presentation, Chairman of the Committee on Finance, Senator Olamilekan Solomon […]

Budgeting Economy News Extra Infrastructure & Capital Projects Investments/Capital Market Latest News National Assembly Planning & Economic Development

Senate Passes Finance Bill 2020

The Senate on Tuesday passed the Finance Bill 2020 transmitted by the Executive to the National Assembly two weeks ago for consideration and passage. The passage of the bill was sequel to the consideration of a report by the Senate Joint Committee on Finance, Customs, Excise & Tariff, Trade and Investment, and Public Procurement. While […]

Economy News Extra Latest News National Assembly Planning & Economic Development Political Economy Professionals & HR Devt.

Reps Urge FG To Suspend 774,000 Special Works Programme

The House of Representatives on Tuesday urged the Federal Government to put on hold the planned take-off of the 774,000 special works programme scheduled to commence January 5, 2021. The lawmakers in the Green Chamber, therefore, asked the Ministry of Finance not to release the funds meant for the programme until some issues affecting the […]

Economy News Extra Latest News Maritime National Assembly Political Economy Revenue Transportation

Customs Service Rues Rot Of Ports’ Scanners, Reps To Investigate

The Nigeria Customs Service (NCS)on Wednesday expressed its displeasure over the rotting of three calibre mobile scanning machines worth millions of Naira at the TinCan and Apapa Ports and urged the National Assembly to assist in ensuring that the machines are installed for use at the ports. A Comptroller of Customs, Mohammed Abba-Kura, gave this […]

Economy News Extra Latest News National Assembly Oil & Gas Political Economy

Reps Seek Nigerians’ Input To Petroleum Industry Bill

The House of Representatives Ad-hoc Committee on Petroleum Industry Bill (PIB) has asked Nigerians to make input into the Legislature’s deliberations on the Bill now before it by submitting their memoranda before finally passing it into an Act. Chairman of the Ad-hoc Committee, Hon Mohammed Monguno, made the appeal on Wednesday during the committee’s inaugural […]

Economy News Extra Investments/Capital Market Latest News National Assembly Revenue Tax Transportation

Senate Seeks Zero Duty, VAT Exemption On Aircraft, Spare Parts

The Senate on Tuesday urged the Federal Government to fully implement the Executive Order on zero customs duty and zero Value Added Tax (VAT) on importation of commercial aircraft and aircraft spare parts. This is even as it advised the Central Bank of Nigeria (CBN) to make foreign exchange easily accessible for investors in the […]

Budgeting Economy News Extra Infrastructure & Capital Projects Latest News National Assembly

Senate Approves Buhari’s N148.14bn Refund Request To Five States

The Senate on Tuesday approved President Muhammadu Buhari’s request for a refund of N148,141,969,161.24 to Rivers, Bayelsa, Cross River, Osun and Ondo State Governments for projects executed on behalf of the Federal Government. The approval was sequel to the consideration of a report the Senator Clifford Ordia-led Committee on Local and Foreign Debts. Ordia, during […]

Budgeting Economy News Extra Latest News National Assembly Revenue Taxation

Corruption: Lawan Advocates Adoption Of Technology In Revenue Collection

President of the Senate, Ahmad Lawan, has advised the Federal Government to explore the use of relevant technology for the purpose of revenue collection by its agencies, so as to prevent the diversion of public funds into private pockets. This was even as he pledged that National Assembly will expeditiously consider the Chartered Institute of […]