The Senate pegged the crude oil benchmark price at $73 per barrel and exchange rate at N700/$1 The Senate has approved the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) ahead of the presentation of the 2024 Budget by President Bola Tinubu. This is as it approved a special intervention (recurrent) of N200 billion, a special intervention (capital) of N7 billion, and an aggregated expenditure of N26 trillion. Other parameters considered...
The sponsor of the motion feared that a year after the prison break, the escapees have blended back into society and continued their criminal activities unnoticed. The Nigerian House of Representatives has called on the Nigerian Correctional Service to provide a detailed account of inmates who broke out from the Kuje custodial facility. It also mandated its Committees on Reformatory Institutions, Interior, and Police Affairs to synergise with the heads of the relevant security agencies...
Nwoko recalled the recent kidnap of 19 persons including his aide in the Galadimawa area of the FCT. The Senate has tasked the Minister of the Federal Capital Territory (FCT), Nyesom Wike, to revisit the $460 million spent by the federal government on closed-circuit televisions (CCTV) project in Abuja. This is as it mandated its committee on Army and Police Affairs to launch an investigation into the issue of kidnapping.. It also called for the...
Senator Abdullahi warned against legislative actions that may compound the already precarious economic situation in the country. The Chairman of the Senate Committee on National Planning and Economic Affairs, Senator Yahaya Abdullahi (APC, Kebbi North) has said that Nigeria is facing the worst economic crisis in the history of its existence. Senator Yahaya asserted this at the joint inaugural meeting of the Senate and House Committees on National Planning held on Wednesday, in the National...
The motion sponsor said despite the benefits and reasons for on-boarding the Remita Platform, the rate of revenue leakages is high. The House of Representatives has mandated its Committee on Public Accounts to investigate revenue leakages through the Remita platform. It also expressed displeasure over the non-compliance by revenue-generating agencies of government of standard operating procedures and other allied service level agreements signed among deposit money banks, office of the AGF, Systemspec, Nigeria Interbank...
Kyari said NNPCL had not been able to pump oil through the pipeline from Warri to Benin within the last 22 years due to pipeline vandalism. The Nigerian National Petroleum Company Limited (NNPCL) has expressed concern over the rate of vandalism that has occurred on more than 5,000 kilometers of oil pipelines across the country. The Chief Executive Officer (CEO) of the NNPCL, Mele Kyari, who described pipeline vandalism as a national calamity, remarked...
The motion sponsor noted that the non-compilation of several federal statutes leads to a dearth of knowledge of many existing laws on the part of citizens. The Senate has mandated its Committee on Judiciary, Human Rights and Legal Matters to immediately interface with the Office of the Attorney General of the Federation to initiate the process of revising the Laws of the Federation of Nigeria, 2004. The directive follows the adoption of a motion on...
The Service Chiefs also took turns to outline their efforts to tackle the country’s security situation. Nigeria Service Chiefs have identified inadequate funding, lack of equipment, and poor welfare as challenges to addressing the security situation in the country. This is as the Chief of Army Staff identified the efforts of security operatives in tackling the prevalence of violent extremism, banditry, militancy, and terrorism in the country. The Service Chiefs spoke at the commencement of...
The Court of Appeal expelled former Principal Officers, Mwadkwon and Nkwocha from the National Assembly. The Senate was thrown into a rowdy session as the President of the Senate, Godswill Akpabio, announced Senator Abba Moro (PDP, Benue South) as the Minority leader and Osita Ngwu (PDP, Enugu West) as the Senate Minority Whip. Moro, who is a two-term Senator takes over from Senator Simon Davou Mwadkwon, who before his sack by the Court of Appeal,...
The House continues its suspended sectoral debate with heads of security agencies as well as those of other sectors. In keeping with its mandate to bridge the gap between citizens and the legislature, OrderPaper’s Legislative Intelligence Forecast (LIFE) Service, by Kauthar Anumba Khaleel, gives an insight into other activities that will take place in the National Assembly during the week. Reps The lawmakers will push for the Investigation into funds disbursed for the alternative school...
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