Senator David Umahi promises to include a provision for a 15-year shelf-life insurance guarantee for projects and a maximum of 5% Variation of Price (VoP) Clause in the contracts. The minister of works, Senator David Umahi, has announced plans to include a provision for a 15-year shelf-life insurance guarantee for projects and a maximum of 5% Variation of Price (VoP) clause in contracts awarded by his ministry. Umahi said this during the 2024 budget defence...
In a rather ironic twist, the federal government which introduced the naira redesign policy now admits its deleterious consequences  The Federal Government has bemoaned the rate at which farmers are going bankrupt in the country due to the naira redesign policy pushed through by the Central Bank of Nigeria (CBN) from December 15, 2022 to early February this year when the Supreme Court ruled against it. This was as lawmakers in the national ssembly...
The senators were on a condolence visit to the governor of Kaduna State, Sen. Uba Sani, where they pledged a full-fledged investigation into the costly military misadventure The members of the 10th Senate have announced the donation of N109 million being their December salaries, to the victims of the bombing mishap that took place in Kaduna last Sunday. This is as they promised not to leave any stone unturned in unravelling the circumstances that led...
The state oil company reveals massive scale of oil theft through multiple illegal connections across the country but maintains that production projections are realistic The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that there are 4,800 illegal connections on some 5,000 kilometers of oil pipelines across the country. This was disclosed by the Chief Executive Officer of NNPCL, Mele Kyari, during an interface with the members of the senate committee on Appropriations held on...
The Senate has resolved to increase the 2024 Budget of the ministry of labour and productivity to enable more revenue generation The senate committee on labour and productivity has considered the need for increased revenue generation and accordingly raised the 2024 budgetary allocation of the ministry of labour, productivity, and employment. This followed requests from ministers in the ministry during the 2024 budget defence on Friday, December 8, 2023. While the amount of raise was...
The NPA explained that Nigeria lost billions of naira due to faulty concessions granted to private operators by the federal government in the past The Nigerian Ports Authority (NPA) has blamed faulty concessions entered into with private operators by the Federal Government for huge sums of unremitted revenues. The authority, however, said the Wold Bank is assiting it to rectify the bad deals and that it had been able to recover a fraction of what...
The national assembly joint committee flayed officials of the correctional service who fiddled and fidgeted in providing answers to questions The Senate has lambasted officials of the Nigerian Correctional Service (NCoS) over the inhumane conditions of inmates in their custody. This followed series of questions thrown at the officials by lawmakers during the 2024 budget defence with the National Assembly joint committees on Interior on Thursday, December 7, 2023. Trouble started when Sen. Adams Oshiomhole...
The former labour leader says the government must scale up efforts to address unemployment as prisoners from other countries have made matters worse by taking up jobs meant for Nigerians Chairman of the Senate Committee on Interior, Adams Oshiomhole (APC, Edo North) has lamented the high unemployment rate in the country, which he linked to the number of foreign prisoners who get into the country under false pretences, pose as tourists, and take up legal...
The interior minister says the poor release of funds constrained the efforts of hardworking personnel of the immigration service to secure the country’s borders The Minister of interior, Olubunmi Tunji-Ojo, has called for an urgent need to secure Nigeria’s borders in order to reduce the risks of insecurity in the country. This is as he stressed that further delays in securing the border will amount to continuous threat to the country’s internal security. He...
The NPA may be compelled to appear before the Senate panel to answer queries regarding an alleged one billion dollars revenue leak as well as other huge sums unaccounted for The management of the Nigeria Ports Authority (NPA) has come under fire from the Senate Public Accounts Committee (PAC) for declining invitations to respond to questions on a $1 billion alleged to be missing by the report of the Auditor-General of the Federation (AuGF)....
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