Despite Oronsaye’s report seeking to cut down the number of government agencies to reduce unnecessary wastage in the country’s expenditure, the Senate is keen on ignoring these recommendations. The Senate is set to establish a University of Education in Adamawa State as against the Oronsaye report which seeks to scrap and merge some government agencies to reduce unnecessary wastage in the country’s expenditure. This revelation was made in a bill titled, “A bill for an...
By securitising ways and means, rather than paying back to the CBN, the Federal Government simply places too much money in the capital market, thereby creating the availability of more funds in the economy and fuelling inflation. The 10th National Assembly is set to investigate the Ways and Means approved by the last government as it, on Tuesday, set up an ad hoc committee, chaired by Senator Jibrin Isah (APC, Kogi East), to probe the...
The budget office will ensure to scrutinise budget estimates of the executive and monitor the implementation of annual budget estimates. The Senate has passed for a second reading a Bill seeking to establish the National Assembly Budget and Research Office (NABRO). The bill titled, “A Bill for an Act to establish the National Assembly Budget and Research Office which provides the National Assembly with objective, timely and non-partisan analysis needed for economic and budget decisions...
The controversial bill had faced several setbacks in the 8th and 9th Assemblies before its eventually passage. The Senate has finally agreed to extend the retirement age of civil servants working in the National Assembly. The bill, which has been passed by the House of Representatives seeks to increase the retirement age to 65 years or 40 years of service, whichever comes first as against the current law that prescribes 60 years of age or...
24 hours prior to Senator Isah’s proposal, he and Senator Tony Nwoye engaged in a contentious dispute concerning the satus of Kogi state as an oil-producing state receiving 13% of its revenue. The Senate has affirmed Kogi State as an oil producing state receiving 13% derivation as stipulated for by section 162(2) of the 1999 Constitution (as amended). Affirmation of Kogi as an oil producing state receiving 13% derivation by the Senate was sequel to...
The bill seeks to amend the Nigeria Deposit Insurance Corporation Act No 63 of 2023 to make the Corporation more effective, safeguard its independence and autonomy and bring it in line with current realities and best practices. The Senate has passed for second reading, a bill seeking to guarantee the autonomy and independence of the Nigeria Deposit Insurance Corporation (NDIC). This followed the presentation of the lead debate on the general principles of the bill...
The Senate called on the social department of the FCT to ensure that the registration of orphanages and shelters be properly checked and verified. The Senate has called on the police force to rescue the 36 children who were abducted and believed to be trafficked out of the Federal Capital Territory (FCT). This is as it requested that the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) establish systems to prevent child trafficking...
According to Eke, it was as a result of his current job role as a Consultant to the World Bank which was conflicting with the appointment. A nominee for the Central Bank of Nigeria (CBN) Board, Urum Kalu Eke, has rejected the appointment of President Bola Ahmed Tinubu. The nominee’s rejection of the appointment was revealed following the presentation of a report by the Committee on Banking, Insurance and Other Financial Institutions presented by its...
The majority of the Senators, in their contributions, kicked against Nwoye’s argument because States like Kogi and Lagos States are not covered by NDDC operations. The Senate has rejected a bill seeking to include Anambra State as a member of the Niger Delta Development Commission (NDDC). The bill titled, “A bill for an Act to Amend the Niger Delta Development Commission (NDDC) Act to make provisions for the inclusion of Anambra State as one of...
Senator Ali Ndume promised to use his resources to secure more opportunities for disabled soccer players, after donating N1 million to support the team. Senator Mohammed Ali Ndume (APC, Borno South) has revealed that the National Assembly is planning to amend the laws that establish the National Commission for Persons with Disability and increase the penalties imposed on heads of Ministries, Departments, and Agencies (MDAs) for turning down qualified disabled Nigerian candidates for employment. Ndume,...
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