The decision by CBN to raise the Monetary Policy Rate (MPR) marked a substantial adjustment aimed at addressing the persistent inflationary challenges faced by the country. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by four hundred basis points to 22.75 per cent from 18.75 per cent. In a pivotal move, the Apex Bank announced a significant shift in its monetary policy during the...
The Committee on an oversight function visit to NASENI expressed satisfaction while being conducted around some of its products and facilities. The Senate Committee on National Agency for Science and Engineering Infrastructure (NASENI) has commended the Agency for championing local content development of Solar-Powered smart irrigation, tricycles, electric motorbikes and others with accelerated technology transfer. The Chairman, Senate Committee on NASENI Senator Ezenwa Francis Onyewuchi (LP, Imo East) who led other members of the Committee...
“We dare say that if this Act had been amended in good time, Nigeria might have been spared the current macroeconomic challenges it found itself grappling with.” The Fiscal Responsibility Commission (FRC) has restated the need for the amendment of the Fiscal Responsibility Act to eliminate the inbuilt limitations within the Act. Executive Chairman, FRC, Victor Muruako, Esq. Made this call on Monday in Abuja at a capacity-building workshop designed for members of the National...
He said for state police to work effectively and independently it will require state legislation that is independent, vibrant and can ultimately stand its ground. Nigerians are persistently yearning for the reformation of the police force which will assist the security outfit in effectively discharging their primary responsibility of protecting the lives and property of Nigerian citizens. This was revealed by Oke Epia, Executive Director, OrderPaper, a guest on the Morning Show at Arise TV...
The foreign debt may rise if requests for loans by the Federal Government are approved by the National Assembly with little or nothing to show as to what the loans were used for. The Civil Society Legislative Advocacy Centre (CISLAC) and other Civil Society (CSO) groups have called on the National Assembly to address Nigeria’s revenue shortfalls and tackle the current hardship in the country through urgent legislative measures. The group comprising of the CISLAC...
The State Police Bill has become the most talked about item from the National Assembly this week. In this article, we present everything there is to the bill. OrderPaper, in its Legislative Intelligence Forecast Entry (LIFE) article for the week, had predicted that the issue of state policing would be on the radar at the national assembly. (Read the full article here.) As predicted, the House of Representatives on Tuesday passed for a second reading...
In discussions surrounding the transitioning of the Nigerian National Petroleum Corporation Limited (NNPC) to Nigerian National Petroleum Corporation Limited (NNPCL), misunderstandings persist about its ownership and mode of operations. One of the major misconceptions is whether or not the NNPC is a commercial or private company. Confused about what these terms mean? There is a story about the Akara for 4 the People Company that can help us understand what is important here. In case...
There has been several backlash from Nigerians against the calls to regulate social media. Social media censorship has become a recurring trend in today’s globalised world, given the fact that some online platforms have become serious tools for the perpetration of multiple forms of vices, however, it is impossible to outline the importance of access to information on the Internet and social media, as it also provides young people with a range of benefits and...
Senator Jibrin acknowledged the constitutional right of citizens to live anywhere in the country, provided they abide by the law as he emphasized the importance of national unity and development through collaboration among different ethnicities. In a bid to foster unity and peaceful coexistence among Nigeria’s diverse ethnic groups, Deputy President of the Senate, Senator Barau Jibrin ( APC, Kano North), has urged Northerners residing in the southern part of the country to support and...
Judgement without justice is an opinion article by Sesugh Akume, a public policy analyst, who wrote from Abuja. Two weeks ago, on Monday 29 January, the Honourable Mr Justice Emeka Nwite of the Federal High Court (Court 9) sitting in Abuja held in the matter of Sesugh Akume v Chief Registrar, Supreme Court of Nigeria (FHC/ABJ/CS/1491/2020) that the Chief Registrar of the Supreme Court erred when a Freedom of Information (FOI) application I had made...
Please email us - contents@orderpaper.ng - if you need this content for legitimate research purposes. Please check our privacy policy
