The option of climate finance as a cheap funding source for the budget is being explored in place of wholesome borrowing, says Tinubu’s minister The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, has said the Federal Government will explore climate finance in order to reduce the rate of borrowing in country. Edun made this statement while speaking at an interactive session on the 2024 budget organised by the Senate Committee...
The Senate President doubled down on his earlier call that MDAs must take the budget defence exercise seriously or risk sanctions The President of the Senate, Sen. Godswill Akpabio, has issued a stern warning to Ministries, Departments and Agencies (MDAs) of the Federal Government cautioning them not to take a casual approach during the budget defence exercise. Akpabio gave the caution while speaking at an interactive session organised by the Committee on Appropriations on Tuesday...
About five years after the enactment of the discrimination against disability law challenges around implementation and domestication by sub-nationals continue to hamper the gains of the legislation Oftentimes, a person with disability is described as someone with a physical or mental impairment. However, disabilities can vary widely and can be either visible, invisible, natural or acquired. Therefore, it is crucial to remember that when we discuss disabilities, we could be referring to a variety of...
The near acquiescence of opposition senators in debating the 2024 budget proposal from President Tinubu gives a foresight into the vibrancy or otherwise of the 109-member Senate under the Bola Tinubu presidency The Senate passed the N27.5 trillion 2024 budget for second reading on Friday, 1st December, 2023. This was after senators subjected the general principles of the budget to a two-day debate which seemed more of a ritual and evidently lacking in rigours. Each...
The newly sworn-in senator from Kogi State says the interventionist agency can work with the local content board to scale skills development that addresses the manpower needs of companies in the niger delta region Senator Natasha Akpoti-Uduaghan, (PDP, Kogi Central) has admonished the Niger Delta Development Commission (NDDC)Â to upscale its skills development efforts such that beneficiaries can feed the local content capacity of companies operating in the niger delta area. Sen. Akpoti-Uduaghan made the...
Senators had no reservations about the basic parameters of the 2024 budget as they unanimously passed the bill for second reading The Senate, on Friday, passed the N27.5 trillion 2023 budget for second reading. The passage of the appropriation bill for second reading followed a substantial debate on its general principles which had commenced on Thursday 30th November, 2023. Recall that the budget was presented to the joint session of the National Assembly by...
The lawmakers also asked the federal government to halt statutory allocations to local government areas that are without democratically elected councils The Senate has condemned the dissolution of democratically elected local government councils in Benue and other states of the federation. This is as it also urged the Federal Government to withhold statutory allocations to local councils that are not democratically elected across the nation. This resolution was sequel to the adoption of a motion...
The member from Lagos state is particular about ensuring that the ministry of women affairs and the national women centre deliver services for which budgetary allocations are made A member of the House of Representatives, Rep. Kafilat Ogbara (APC, Lagos State), has promised that the National Assembly will deliver on its function of effective oversight on the implementation of the 2024 budget. Rep. Ogbara, who chairs the House Committee on Women Affairs and Social Development,...
The legislator believes that Nigeria must borrow its way out of the economic abyss the country has found itself A member of the House of Representatives, Rep. Ukodhiko Jonathan (PDP, Delta State), has said that for Nigeria to be able to achieve the purpose of the 2024 budget and fund projects, it has to continue borrowing. Rep. Jonathan made this statement while speaking to journalists shortly after the presentation of the 2024 budget estimates by President...
The senate believes stiffer punishment against perpetrators will help to curb the GBV scourge more effectively The Senate has called for stiffer punishment for perpetrators as an effective way to end to violence against women in Nigeria. This is as it called on the Nigerian Police to intensify punishment against the perpetrators found guilty of gender-based violence (GBV). The red chamber also urged that Nigerian universities and other tertiary institutions should prioritize providing accommodation for...
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