March 2026 - Page 3 of 3 - Parliament Reports

FAAN has vowed to block all revenue leakages across the nation’s airports with the full enforcement cashless payments  The Federal Airports Authority of Nigeria (FAAN) has intensified efforts to curb revenue leakages across the nation’s airports with the full enforcement of electronic payment and collection systems, signalling a major shift in its financial and operational processes. The Managing Director and Chief Executive Officer of FAAN, Olubunmi Oluwaseun Kuku, disclosed this on Tuesday while speaking with...

A jurisdictional disagreement has surfaced within the House of Representatives over which committee has primary oversight authority over the REA as the agency boss obeys one and snubs the other The House of Representatives Committee on Renewable Energy has issued a final summons to the Managing Director of the Rural Electrification Agency (REA), Abba Abubakar Aliyu, and the Head of the Nigeria Electrification Programme (NEP), Olufemi Akinyelure, following their repeated failure to honour invitations from...

Some stakeholders said the proposed National Fintech Regulatory Commission (NFRC), could duplicate functions currently carried out by the Central Bank of Nigeria (CBN) Stakeholders in Nigeria’s fast-growing financial technology (fintech) sector have expressed divergent views over a bill seeking to establish a National Fintech Regulatory Commission (NFRC), warning that while stronger oversight is needed, poor design could create costly regulatory overlap. The concerns were aired on Monday at a public hearing organised by joint committees...

The Rural Electrification Agency (REA) has revealed plans to achieve over 500 electrification projects in the 2026 fiscal year with specific focus on institutions and underserved rural communities The Rural Electrification Agency (REA) has outlined plans to implement more than 500 electrification projects in the 2026 fiscal year, targeting public institutions and underserved rural communities as part of efforts to deepen energy access nationwide. The agency’s Managing Director, Abba Aliyu, disclosed this on Friday while...

A bill seeking to create a comprehensive legal and institutional framework for the regulation of Nigeria’s fintech industry has been scheduled for public scrutiny on Monday March 2 The House of Representatives of Nigeria has commenced legislative action to establish a dedicated regulatory body for Nigeria’s fast-growing financial technology sector. The move follows the progress of a bill sponsored by Rep. Fuad Kayode Laguda, titled “A Bill for an Act to Provide for the Establishment...

The Minister of Education has sought  legislative backing to allocate at least 20 per cent of the budget to education, in line with UNESCO’s recommendation The Minister of Education, Tunji Alausa, has appealed to the National Assembly to give robust backing to the Federal Ministry of Education’s 2026 budget, warning that chronic teacher shortages, weak school security and decaying infrastructure are undermining learning outcomes nationwide. Parliament Reports recalls that out of the N58.47 trillion 2026...

The House Committee on Insurance and Actuarial Matters has  praised the NDIC over 97 percent budget implementation in 2025 The Nigeria Deposit Insurance Corporation (NDIC) has achieved a 97 per cent implementation of its 2025 budget, a performance lawmakers say outpaces many other Ministries, Departments and Agencies (MDAs), particularly on capital expenditure. The Chairman of the House of Representatives Committee on Insurance and Actuarial Matters, Rep. Ahmed Jaha, made the observation on Thursday during a...