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Sharon Eboesomi, Author at Parliament Reports - Page 5 of 70

Senate and the oil and gas sector | Motions & Movement

Since its inauguration in June 2023, Nigeria’s 10th senate has found itself navigating one of the most complex and politically charged terrains in the country’s economic landscape: the extractive sector.  Long a cornerstone of national revenue and political patronage, the extractive sector has once again emerged as a flashpoint, this time amid economic recalibration, subsidy removal and refinery rehabilitation.  The senate has found itself squarely in the middle of Nigeria’s energy transition crossroads. This article...

Senate passes remaining two tax reform bills

The reforms were designed to address Nigeria’s weak tax-to-GDP ratio, reduce the cost of tax compliance, and broaden the revenue base without increasing rates. The senate on Thursday, 8 May 2025, passed the remaining two of the four tax reform bills submitted by President Bola Tinubu in October 2024. The two bills passed at Thursday’s plenary are the Joint Revenue Board (Establishment) Bill and the Nigeria Tax Bill. Their passage marks the conclusion of the...

“You cannot even resolve the crisis in that Labour Party. Is it the crisis of boko haram that you will come and resolve in Nigeria? The President of the Senate, Godswill Akpabio, has taken a swipe at the 2023 presidential candidate of the Labour Party (LP), Peter Obi, challenging his capacity to lead Nigeria when he “cannot resolve crises” within his own political party. Akpabio made the comments during Thursday’s plenary during his closing remarks...

Senate passes two of four tax reform bills

Upon resumption, the tax reform bills, long pending before the legislature, appeared as one of the first items addressed, signalling the urgency attached to their consideration. The senate has passed a set of long-awaited tax reform bills aimed at overhauling Nigeria’s outdated tax framework. This followed the presentation of a report by the Committee on Finance chaired by Sen. Sani Musa (APC, Niger East) during Wednesday’s plenary. The four (4) bills include the Nigeria Tax...

Senate sets up committee to oversee Rivers administrator

The Leader of the Senate, Opeyemi Bamidele, was named as chairman of the committee. The senate has set up an 18-member committee to oversee the activities of the Rivers State Sole Administrator, Vice Admiral Ibok-Ete Ibas (retd.). The President of the Senate, Godswill Akpabio, announced the constitution of the committee during the senate’s plenary on Tuesday, explaining that it was established to enhance transparency and accountability in the governance of Rivers State. The Leader of...

Insecurity: Senate abandoning oversight for summit, says Ningi

Ningi raised alarm over the growing audacity of armed groups, warning that suburbs of the FCT were no longer safe after dark. Sen. Abdul Ningi (PDP, Bauchi central) has issued a scathing rebuke of the national assembly’s handling of security oversight, calling for an urgent interrogation of its security-related committees. He pointedly accused the senate of abdicating its constitutional responsibility to scrutinise defence spending and military procurement and opting for summits instead. Ningi made the...

Senate to hold security summit over rising insecurity, global tensions

Akpabio reaffirmed that the aim of the summit is to facilitate a holistic and strategic approach to national security. The senate has resolved to organise a two-day national security summit in Abuja as part of efforts to tackle the country’s deepening insecurity and rising global uncertainties. The resolution followed the consideration of a motion sponsored by Sen. Jimoh Ibrahim (APC, Ondo South) and co-sponsored by Sen. Titus Zam (APC, Benue North-West), Sen. Onyeka Nwebonyi (APC,...

NCCC calls for carbon tax inclusion in Nigeria’s fiscal reforms

At Rembinar 2.0, the NCCC emphasises the role of carbon markets and climate accountability in Nigeria’s tax reform agenda. The Head of Legal Services at the National Council on Climate Change (NCCC), Awele Ikobi-Anyali, has underscored the urgent need for Nigeria’s fiscal laws and tax reforms to align with climate policy, particularly through the inclusion of a carbon tax mechanism. She made the call while representing the NCCC’s Director-General, Dr. Nkiruka Maduekwe, at the second edition...

EITI standards can enhance transparent and accountable energy transition, says NEITI Director

NEITI’s Dr. Dieter Bassi highlights how fiscal reforms and EITI principles can align Nigeria’s extractive sector with clean energy goals. The Director of Policy, Planning and Strategy (PPS) at Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Dieter Ahmed Bassi, has emphasised that adopting Extractive Industries Transparency Initiative (EITI) standards can significantly strengthen transparency and accountability as Nigeria navigates its energy transition. Speaking at the second edition of the Rembinar Dialogue Series held on Monday, April...

Tax policy must drive Nigeria’s energy transition — NEITI Boss

Dr. Orji urged Nigeria to reform tax policies to drive energy transition, warning that fossil fuel bias could derail clean energy goals. The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Orji Ogbonnaya Orji, has called for urgent reforms in Nigeria’s tax policies to support the country’s energy transition agenda. Speaking at the second edition of the Rembinar Dialogue Series, held on Monday, 28th April 2025, Dr. Orji described the dialogue on...

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