Barely few days after President Bola Tinubu forwarded the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill 2024 to the National Assembly, the Senate on Wednesday passed the bill. The passage of the bill was sequel to the presentation by the chairman of the Senate’s committee on tertiary institutions and TETFUND, Muntari […]
The Office of the Accountant General of the Federation (OAGF) has hinted of its current efforts on the drafting of a Bill that will give legal backing to the Public Finance Management (PFM) Reform initiatives and the operations of the Treasury of the Federation. The Accountant General of the Federation (AGF), Dr. Oluwatoyin Madein, who […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has described the Road Infrastructure Tax Credit Scheme as one of the greatest innovations of the Federal Government to tackle Nigeria’s infrastructure deficit. The scheme, which provides for public-private partnership intervention in the construction, refurbishment and maintenance of critical road infrastructure in the […]
Nigeria’s House of Representatives on Tuesday approved the sum of N17.127 trillion budget for 2022 fiscal year. The passage of the budget followed the consideration and adoption of clauses in the Bill’s report presented by the Chairman of the House Appropriation Committee, Hon. Muktar Betara. The figures represented about N736 billion more than the N16.391 […]
President Muhammadu Buhari on Thursday disclosed that the Federal Government’s share of oil revenue as at July this year totalled N570.23 billion, representing 51 percent shortfall from the budgetary target for the seven months period. Buhari gave this hint in his address on the proposed N16.39 trillion Appropriation Bill 2022 at the National Assembly. He […]
“Electronic transmission of result is not rocket science. It is a universal norm in the 21st century. Smaller and poorer nations across the globe have achieved electronic transmission of result even with their limited infrastructure. Nigeria should not be an exception.”
The Senate on Thursday passed a federal budget of N10.59 trillion for the 2020 fiscal year in keeping with its major legislative agenda of returning the country’s budget cycle to a more predictable one as well as re-positioning the nation’s economy on the path of sustainable growth.. The passage of the annual 2020 budget before […]
Stakeholders in the nation’s oil and gas sector on Thursday charged the Executive and Legislative arms of government to finalise the enactment processes of the Petroleum Industry Governance Bill, (PIGB) to improve the performance of the hydrocarbon resources industry. The call came against the backdrop of the fact that the Bill, which had been passed […]
The Chartered Institute of Stockbrokers, CIS, has urged the National Assembly to amend some relevant investment laws that are currently impeding efforts targeted at achieving Nigeria’s economic development. The newly elected President of the Institute, Mr Adedapo Adekoje, gave the charge during his investiture as the 10th President last weekend in Lagos, assuring the readiness […]
The Senate on Monday urged the Federal Government to raise the country’s revenue base in order to boost revenue and combat the growing unemployment rate in the country. The Deputy President of the Senate, Senator Ike Ekweremadu, made the call at a public hearing on “Urgent Need to Review the Excise Tariff Increment on Alcohol […]