Senators generally spoke in favour of the N27.5 trillion budget bill and expressed willingness to pass it for second reading The Senate on Thursday commenced debate on the general principles of the proposed N27.5 trillion budget for 2024. Recall that the budget estimate was laid at a joint sitting of the National Assembly by President Bola Tinubu on Wednesday. Senators took turns to air their views on the proposal. In his lead debate, the Senate...
Akpabio also assured that the National Assembly will conduct a thorough and meticulous review of the budget estimates. The President of the Senate, Godswill Akpabio, has assured that the National Assembly will ensure that the 2024 budget reflects the principles of transparency, accountability and inclusiveness. This is as he attributed the cordial relationship between the Executive and the 10th National Assembly to Ex-lawmakers holding positions in the Executive. Akpabio made this remark in his welcome...
The Leader of the Senate faulted the bill sponsor for not presenting a copy of the amendment to Senators. The Senate has stepped down the second reading of a bill seeking to allow political parties to nominate and fill vacant seats in the National and State Assemblies without bye-election in the event of the death or resignation of a legislator.  The Bill titled, “A Bill for an Act to Amend the Electoral Act, 2022 to...
The Red Chamber also confirmed eleven others as members of the Commission. The Senate has confirmed the appointment of Professor Tunji Olaopa as the Chairman of the Federal Civil Service Commission (FCSC). The confirmation followed the consideration of a report of the screening and approval of the nominee presented by the Chairman Committee on Establishment and Public Service Matters, Senator Oluwole Fasuyi Cyril (APC, Ekiti North) during Tuesday’s plenary. The Senate also confirmed the following...
President Tinubu also sought the approval of NASS to borrow $8.6bn and €100m for the execution of projects. The Senate has received a communication from President Bola Tinubu indicating his intention to present the 2024 Appropriation Bill to a joint session of the National Assembly tomorrow, Wednesday 29th November by 11 am. The letter was read by the President of the Senate, Godswill Akpabio at plenary on Tuesday, and subsequently approved. The letter read in...
The term admission racketeering recently invaded the Nigerian media space, after a report on allegations of the practice was brought before the Senate. Like job racketeering, admission racketeering can simply be described as money for admission. It is a practice or situation, whereby persons particularly, staff of tertiary institutions, demand money from prospective students in exchange for admission. This exchange can also be said to be willing extortion, given that the students, or in some...
Akpabio said he would seek the intervention of the Inter-Parliamentary Union in addressing Nigeria’s ecological issues. The President of the Senate, Godswill Akpabio has urged the Federal Government to use ecological funds to address life-threatening environmental problems. Akpabio also called for tree-planting campaigns across the country, especially in areas worst hit by desert encroachment. Akpabio gave the advice during a meeting between the Senate leadership and representatives of the Ecological Project Office, led by the...
The bill sponsor said the proposed Bitumen Development Commission would promote the economic diversification policy of the Federal Government. The Senate has passed for a second reading, a bill seeking the creation of the Bitumen Development Commission. The bill, titled, “A Bill for an Act to Establish the Bitumen Development Commission of Nigeria and Provide a legal framework for the Promotion of Research, study, investment, exploration, production, exportation; Development and utilisation of locally sourced Bitumen...
The Senate Committee walked out representative of the NNPCL boss, insisting heads of agencies must appear before it. The Senate has threatened to dismiss senior officials of the Nigerian National Petroleum Corporation Limited, (NNPCL), its subsidiaries, and other relevant agencies of government connected to the Turn Around Maintenance (TAM). The threat was issued by the Chairman of the Committee, Senator Isah Jibrin (APC, Kogi East), on Wednesday, following the absence of the Chief Executive Officers...
The Senate pegged the crude oil benchmark price at $73 per barrel and exchange rate at N700/$1 The Senate has approved the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) ahead of the presentation of the 2024 Budget by President Bola Tinubu. This is as it approved a special intervention (recurrent) of N200 billion, a special intervention (capital) of N7 billion, and an aggregated expenditure of N26 trillion. Other parameters considered...
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