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February 2024 - Page 4 of 16 - Parliament Reports

Northern Senators commend ECOWAS for lifting sanctions on Niger Republic

The Northern Senators Forum urges the government of Niger Republic and its people to seize this opportunity to hasten the process of returning to democratic governance. The Northern Senators Forum has expressed its heartfelt appreciation and commendation to the exceptional leaders of the Economic Community of West African States (ECOWAS) for their decisive action in lifting sanctions imposed on Niger Republic as a result of the military takeover on 26th July 2023. The forum said...

Reps commend NARTO for calling off strike, task FG on issuance of license to local refineries 

The meeting resolved to commend the leadership of NARTO and PETROAN for their role in calling off the strike, which has given room for the distribution of petroleum products. The House of Representatives Committee on Petroleum Downstream has commended the leadership of the National Association of Road Transport (NARTO) for calling off their strike. The lawmakers also tasked the federal government (FG) to encourage local refiners with licenses and funding to increase the quality and...

Nigeria’s foreign debt may climb to N107.38trn – CISLAC warn NASS

The foreign debt may rise if requests for loans by the Federal Government are approved by the National Assembly with little or nothing to show as to what the loans were used for. The Civil Society Legislative Advocacy Centre (CISLAC) and other Civil Society (CSO) groups have called on the National Assembly to address Nigeria’s revenue shortfalls and tackle the current hardship in the country through urgent legislative measures. The group comprising of the CISLAC...

Inflation and its impact on everyday life

Rising inflation rates may disproportionately affect the poor due to their limited access to financial services resulting in lower income and higher relative prices of essential goods, thereby increasing poverty overall.  It is the dream of every country, developed or underdeveloped, to see equitable advancement in the living standards of its people. This advancement encompasses every element of human pursuits and is the centre of development in the economic sector.  Also,  it is impossible to...

Senate dumps FIRS on Tax Credit controversy

Senator Sani Musa noted that a fresh implementation of the policy outside the N2.7 trillion should be halted for now. The Senate through its committee on Finance, dumped the stay-of-action position proposed to it by the Federal Inland Revenue Service (FIRS) on the N2.7 trillion Tax Credit Fund required for specific road construction by the Federal Ministry of Works.  In an interaction with the Committee the previous week, Zacch Adedeji, the Chairman of FIRS, blasted...

Speaker Abass describes late Ghali Na’bba as extraordinary statesman

The Speaker eulogised the Ghali Na’ Abba in a valedictory session describing him as a leader with an impeccable leadership style. The Speaker of the House of Representatives, Rep. Tajudeen Abass (APC, Kaduna) on Thursday showered encomium on the late Speaker of the 4th Assembly, Umar Ghali Na’ Abba, in a valedictory session to pay tribute to the deceased, qualifying him as a true democrat who displayed resilience and put the interest of the masses...

Senate passes South East Development Commission Bill

The commission will be in charge of acknowledging and overseeing funds from the Federation Account for the repair and maintenance of houses, roads, and other infrastructure damages suffered by the region as a result of the civil war’s aftermath. The Senate has passed a Bill seeking the establishment of the South East Development Commission. This decision was sequel to the consideration of the bill’s clauses at its Committee of the Whole, chaired by the Senate...

EXPLAINER: All you need to know about the State Police Bill

The State Police Bill has become the most talked about item from the National Assembly this week. In this article, we present everything there is to the bill. OrderPaper, in its Legislative Intelligence Forecast Entry (LIFE) article for the week, had predicted that the issue of state policing would be on the radar at the national assembly. (Read the full article here.) As predicted, the House of Representatives on Tuesday passed for a second reading...

Cardoso confirmed as CBN’s MPC chair, 11 others as members

Senator Abiru said that all of the CBN MPC nominees had received clearance from security agencies and that the panel had not received any petitions objecting to their nominations. The Senate, on Thursday, confirmed the nominations of 12 members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) following the consideration of a report by the Committee on Banking, Insurance and Other Financial Institutions. CBN governor, Olayemi Cardoso, was confirmed as MPC chairman.  Those confirmed as members are: Muhammad...

Again, Senate rejects controversial 65-yr retirement age bill for N/Assembly workers 

The majority of Senators heavily opposed the bill, arguing that it would stop the career progression of junior staff and halt the employment of young Nigerians. The Senate has stepped down a controversial bill seeking to extend the retirement age for civil servants in Parliament and across the 36 State Houses of Assembly.  The bill, if scaled through, would extend the service years of over 200 workers who are due to retire between 2024 and...

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