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 […]
Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has stressed the need for the Nigerian government to put in place a legal framework for Privatisation and Public Private Partnerships (PPPs) to enable government collaboration with the private sector to meet Nigeria’s public infrastructure demands and also ensure that the country maximizes the value potential […]
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 […]
The House of Representatives is reportedly making moves to consider a Bill that will empower the state governments to collect value added tax (VAT) by moving it to the Concurrent Legislative list. A news report linked to SaharaReporters stated that bill titled “An Act to Alter 39 Part 1 of the Second Schedule of the […]
Worried by the potential negative social and economic implications of the rising debt stock of Nigeria, the Socio-Economic Rights and Accountability Project (SERAP) has asked the leadership of the National Assembly to decline approval for the latest President Buhari’s request for a fresh $4 billion and €710 million foreign loans. Specifically, SERAP appealed to the […]
Apparently miffed by reports by the bribe scandal trailing the passage of the Petroleum Industry Bill (PIB), the Senate President, Dr. Ahmad Lawan, has debunked the allegation, saying it is “unwarranted, unprovable, false and fake information.’’ Specifically, the lawmaker denied allegations that he and the Speaker of the House of Representatives, Hon. Femi Gbajabiamila, collected […]
As the nation’s insecurity continues to dominate public discourses on Nigeria’s political stability and economic growth by the day, the Speaker of the House of Representatives, Hon. Femi Gbajabiamila, on Monday said that only 9 percent of yearly appropriations to the Armed Forces are committed to capital expenditures with the balance being used for recurrent […]
The House of Representatives on Wednesday urged the Federal Government to immediately suspend the proposed 2021 population and housing census planned to be conducted by the National Population Commission (NPC), due to rising insecurity challenge in the country. The lawmakers’ advice was sequel to the adoption of a motion of urgent public importance on the […]
The Speaker of the House of Representatives, Right Hon. Femi Gbajabiamila, on Monday hinted of moves by the National Assembly to amend the 1999 constitution to ensure justice and fairness to the female gender in the country. The speaker gave this assurance at a ceremony organized by the House to commemorate the International Women’s Day. […]
The Petroleum Industry Bill (PIB) on Tuesday passed through for second reading at the House of Representatives after being dogged by controversies among lawmakers several years after its submission by the Executive for passage. Precisely, the PIB was initiated by the Executive Arm of government about 18 years ago to promote transparency in the nation’s […]