The representatives explained that inflation and the need for a realistic dollar exchange rate necessitated the increase of N1.2trn in the 2024 budget The National Assembly has passed the 2024 budget with an increase of N1.2trn. The lawmakers, who held a special session to pass the budget, increased the estimate from N27.5 trillion presented by President Bola Tinubu to N28.7trillion. The Senate also passed the 2024 budget with a similar raise of the estimates. Explaining...
Tinubu assured that the interest rate on securitised Ways and Means advances has been trimmed to 9% per annum, compared to +3% on the MPR. The Senate has approved the securitisation of outstanding 7.388trn Ways and Means following President Bola Tinubu’s request. The President said the move is aimed at realising the reduction of debt service cost and to extend the repayment period of the existing loans. This was disclosed in a letter read by...
In passing the budget the Senate also jerked up the exchange rate for 2024 to N800 per US dollar but retained oil production and price benchmarks as proposed by President Tinubu The Senate has approved the budget for the 2024 fiscal year. The budget was, however, increased from N27.5 trillion presented by President Bola Tinubu on November 29, 2023 to N28.7 trillion. This shows an increase of over N1.2 trillion. The Senate also increased the...
The speaker acknowledged the technical support the House of Representatives receives from OrderPaper Nigeria and other development partners The Speaker of the House of Representatives, Rep. Tajudeen Abbas has commended OrderPaper Nigeria and other development partners for their support to and collaboration with the House that has yielded some successes in the last six months of the 10th assembly. The Speaker gave the recognition on Saturday during his remarks at a special session by the...
Senators requested the ministry of humanitarian affairs to offer prompt aid and supplies to victims of the Plateau killings The Senate has summoned security chiefs to brief it on the attacks that took place during the Christmas eve in Plateau State, which led to the death of over 100 Nigerians. It summoned the Chief of Army staff, Gen. Taofeeq Lagbaja, the Chief of Air Staff, Air Marshal Hasan Abubakar and the Inspector General of Police,...
Sam Onuigbo served in the 9th assembly alongside deputy speaker Kalu and is thus in a good position to speak to his leadership style and capacity  Member representing the South-East on the Governing Board of the North-East Development Commission (NEDC), Rep. Sam Onuigbo has hailed the Deputy Speaker of the House of Representatives, Rep. Benjamin Kalu, as a true example of how governance impacts the common man when leaders approach it as a collaboration...
Remark by the Rt. Hon. Abbas Tajudeen, Speaker, House of Representatives, at the vacation of the House for the Christmas and New Year holidays on Saturday, 30th December, 2023 Honourable Colleagues, it is with a sense of gratitude, fulfilment, and pride that I address you today for the work we have collectively accomplished since the inauguration of this House on 13th June, 2023. Over the past six months, the House has been a beacon of...
The National Assembly (NASS) has clinched headlines for many reasons throughout the year. In some cases, they triggered public outrage, and healthy debates in others. From the election of the National Assembly presiding officers to the purchase of luxurious SUVs cars for lawmakers, here are 6 viral moments created by the federal legislature in the second half of 2023 The National Assembly, for many reasons, was eventful throughout 2023. It clinched headlines and generated varying...
From allegations and counter-allegations, Godswill Akpabio’s six-month tenure as Senate President has been headlined by controversies. OrderPaper highlights 10 of these awkward moments and events The 10th National Assembly was inaugurated on 13th June, 2023, making it just over six months since Sen. Godswill Akpabio emerged as President of the Senate. This period has however witnessed several scandals, allegations, and counter allegations that feature the Akwa Ibom senator at the centre. A bumpy ride to Senate...
The face-off between the Benue State Governor and the Secretary to the Government of the Federation has escalated with members of the National Assembly from the state in proxy battle The Benue Caucus of the National Assembly has urged President Bola Tinubu to intervene in the crises within the All Progressives Congress (APC) in Benue State allegedly fueled by Governor Hyacinth Alia. The lawmakers from both chambers who are of the APC accused the governor...
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