November 2024 - Page 2 of 4 - Parliament Reports

Reps approve N1400 per dollar as exchange rate for 2025 budget

Leah TwakiNovember 27, 20242 min

In approving the 2025–2027 MTEF/FSP, representatives pegged the exchange rate at N1400 per US dollar, $75 oil benchmark and 2.06 million barrels of production per day. The House of Representatives has approved the recommendations of its joint committees on finance, national planning, and economic development on the 2025–2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The approval came after the committee on supply considered the report presented by Rep. James Abiodun Faleke...

Senate

‘Nothing to show for 60 taxes, levies collected’ – Presidential panel

Sharon EboesomiNovember 27, 20242 min

Oyedele stressed the need for urgent reforms, highlighting that businesses in Nigeria often pay taxes even when operating at a loss. Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has criticised the federal government for having little to show despite collecting over 60 taxes and levies across the country. Oyedele made this statement while addressing the senate during Wednesday’s plenary. This session occurred amid a tense atmosphere following...

House of Representatives

Reps seek regulation of POS operators, KYC for users

Leah TwakiNovember 27, 20242 min

The Central Bank of Nigeria (CBN) governor, MDs of commercial banks and other financial institutions have been tasked on POS operations The House of Representatives has called for immediate measures to address the challenges posed by undocumented identities in Point of Sale (POS) transactions in Nigeria. This is as it mandated its committees on digital and electronic banking, finance, banking regulations, and financial crimes to invite the governor of the Central Bank of Nigeria (CBN),...

Senate

Tax bills: ‘You will use your gavel, I will use my voice,’ Ndume slams Barau

Sharon EboesomiNovember 27, 20244 min

The lingering controversy over President Tinubu’s tax bills caused a row in the Senate today as Sen. Ndume slammed Deputy Speaker Barau Senate plenary on Wednesday escalated into a heated argument and shouting match as the controversial tax bills were introduced for debate, despite its absence from the order paper. The disagreement began when Senate Leader Opeyemi Bamidele raised Order 12(1), suspending senate rules to permit two tax experts, the Director General, Budget office, Tanimu...

House of Representatives Parliamentary Resources

15 years imprisonment for illegal organ harvesting as Reps advance bill

Leah TwakiNovember 27, 20245 min

A person found guilty of engaging in organ trafficking faces a minimum sentence of 15 years imprisonment A bill aimed at prohibiting and penalizing organ trafficking in Nigeria has advanced in the House of Representatives. Sponsored by Rep. Fuad Kayode Laguda (APC, Lagos), the proposed legislation passed its second reading on Tuesday, marking a significant step toward addressing a long-standing issue in Nigeria and globally. Key Provisions of the Bill The bill seeks to amend...

House of Representatives

Livestock can boost Nigeria’s economy by N33tr – Minister

Elizabeth AtimeNovember 27, 20242 min

The minister of livestock development assured that the sector has the capacity of generating N33 trillion to boost the economy. The minister of livestock development, Idi Maiha, has stated that Nigeria’s livestock sector has the potential to boost the economy by N33 trillion if properly developed and harnessed. Maiha made this remark during an interactive session with the House of Representatives committee on livestock development on Tuesday. According to the minister, unlocking the sector’s potential...

Spotlight

OrderPaper commended for excellent delivery of USAID project

Abdullahi A BalogunNovember 27, 20244 min

OrderPaper Advocacy Initiative has been recognised for its outstanding performance and unwavering commitment to promoting fiscal transparency and accountability reforms on the USAID project. OrderPaper was specifically commended for excellent delivery of the Growth Initiatives for Fiscal Transparency (GIFT) project, an activity under the Strengthening Civil Advocacy and Local Engagement (SCALE) project implemented by Palladium International and funded by the United States Agency for International Development (USAID). In a letter addressed to Oke Epia,...

House of Representatives

Colours of GBV, plaudits for Bago and vernacular in schools | HOUSE GIST TODAY

Leah TwakiNovember 27, 20245 min

It was a colourful plenary on Tuesday as members wore orange mufflers in solidarity with campaigners against Gender-Based Violence (GBV). Here are highlights of how it went down in the House today Reps in orange mufflers in activism against GBV Members of the House of Representative wore orange mufflers in solidarity with women in commemoration of the 16 days activism against Gender based Violence (GBV). Coming under order 8 rule 6 to offer personal explanation,...

Senate

Error in senate sack of tribunal chair and army chief nomination | SENATE GIST TODAY

Sharon EboesomiNovember 26, 20244 min

At today’s senate plenary, lawmakers addressed some issues, including an error they made earlier regarding the removal of the code of conduct tribunal chair, the nomination of the army chief, and the consideration of a bill. Tinubu seeks confirmation of new chief of army staff President Bola Tinubu has sent a letter to the senate seeking confirmation of Lt-Gen. Olufemi Olatubosun Oluyede’s appointment as the substantive chief of army staff. In the letter read...

House of Representatives

Nigeria can’t fix housing deficit without data – Reps

Leah TwakiNovember 26, 20242 min

The House of Representatives recognises that locally acquired data is required to fix Nigeria’s housing deficit and has tasked its committees accordingly

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