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Senate threatens zero allocation to information ministry if…

Given the critical role the information sector plays in advancing the agenda of President Tinubu, Sen. Eze noted that the committee unanimously agreed to return the proposed budget. The senate committee on information and national orientation has rejected the N8.9 billion budget proposal for the federal ministry of information and national orientation in the 2025 budget, deeming it grossly inadequate. Consequently, the committee has summoned the minister of budget and economic planning, Sen. Atiku Bagudu, for...

Tax reform bills set for public hearing soon – senate

FIRS Chairman, Zacch Adedeji said all grey areas in the tax reform bills have been resolved, with no further meetings required.  The senate has signaled progress on the tax reform bills, with public hearings set to be held soon, paving the way for their passage at third reading. Chairman of the senate ad-hoc committee on tax reforms, Sen. Abba Moro (PDP, Benue south) confirmed this on Monday while speaking to journalists after a two-hour closed-door...

2025 Budget: JAMB under fire for alleged mismanagement of funds

The board remitted N4 billion to the Consolidated Revenue Fund in 2024 whereas it received N6 billion from the Federal Government. Lawmakers have raised concerns over the financial operations of the Joint Admissions and Matriculation Board (JAMB), questioning its fiscal prudence and the logic of government funding for a revenue-generating agency. These concerns were raised on Monday during an interactive session of the joint committee of the Senate and House of Representatives chaired by Sen....

“We cannot assure the grid won’t collapse again” – Minister to senate

While efforts are underway to stabilise the grid, Adelabu admitted that the collapse can only be managed until necessary funds are provided. Minister of power, Bayo Adelabu has painted a mixed picture of progress and persistent challenges in Nigeria’s power sector detailing the complexities surrounding the national grid collapses experienced in 2024, funding shortfalls, and the pressing need for investment to achieve sustainable energy security. Adelabu said these when he appeared before the senate committee...

NASS calls Nigeria’s border closure a futile policy

The national assembly has criticised Nigeria’s border closure policy, citing its ineffectiveness in curbing smuggling and insecurity, and urged the ministry of industry, trade, and investment to liaise with the presidency for a practical solution. The National Assembly, through its joint committee on Industry, Trade, and Investment, has criticised Nigeria’s border closure policy, describing it as ineffective in addressing cross-border banditry and smuggling, particularly in states bordering Niger and Chad. This criticism came to the...

Senate demands clarity on government policies and budget performance

Senators pressed the finance minister on the status of the 2024 budget implementation, particularly the allocation for capital expenditures.  The senate has called on ministers and heads of Ministries, Departments, and Agencies (MDAs) to provide detailed explanations regarding various government policies under their supervision. The call came during separate budget defense sessions organised by senate committees on Thursday. Among those questioned were Wale Edun, minister of finance and coordinating minister for the economy, and Sen....

NASS concerned over low performance of 2024 budget

Edun confirmed that there are pending warrants awaiting payment for capital projects, but funding remains a key challenge. The National Assembly has raised serious concerns about the significant imbalance between recurrent and capital expenditures and the low level of fund releases for capital projects for Ministries, Departments and Agencies (MDAs) in the 2024 national budget, with both chambers urging for more focus on capital projects that directly benefit the Nigerian populace. This was disclosed Wednesday...

Senate to pause plenary for two weeks as budget deliberations commence

The senate will hold an “open day” this Thursday, providing a platform for a diverse group of stakeholders, including heads of MDAs to offer their input on the budget.  The senate has announced plans to suspend plenary sessions for a two-week period upon its resumption on January 14, 2025. This is in line with the National Assembly plans to begin the committee-level review of the proposed N49.7 trillion 2025 budget. Additionally, the senate will hold...

Senators break for Christmas after budget debate | SENATE GIST TODAY

The senate passed the 2025 budget for second reading and adjourned for Christmas break until January 14, 2025 Senate adjourns for Christmas break The senate has adjourned plenary until January 14, 2025. The announcement was made by the President of the Senate, Godswill Akpabio during Thursday’s plenary, shortly after the passage of the second reading of the 2025 budget. In his closing remarks, Akpabio extended holiday wishes to his colleagues, the Speaker and leadership of...

National Assembly adjourns for Christmas holiday

Akpabio extended holiday wishes to his colleagues, the Speaker and leadership of the House of Representatives, President Bola Ahmed Tinubu, and the Nigerian public. The  National Asembly has adjourned its plenary sitting until January 14, 2025. The announcement was made by the President of the Senate, Godswill Akpabio and the Deputy speaker of the House of Representatives, Benjamin Kalu during Thursday’s plenary, shortly after the passage of the second reading of the 2025 budget bill....

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