If 2025 was a year of adjustment and learning, 2026 must be a year of fulfilment, said Speaker Abbas as President Tinubu presented 2026 budget before joint session of Senate and House of Representatives Speaker of the House of Representatives, Rep. Tajudeen Abbas, has said Nigeria’s economic growth must go beyond macroeconomic indicators and translate into job creation, higher incomes and expanded opportunities for citizens. Abbas made the remarks on Friday in his closing address...
While presidential candidates campaign spending limit have been doubled from N5 billion to N10 billion, governorship candidates can now spend up to N3 billion in the amended electoral bill 2025 The House of Representatives has approved a significant increase in campaign spending limits for political candidates as part of the electoral bill 2025, a move aimed at reflecting current economic realities and enhancing the integrity of elections. Under the amended clause 93(2-9), the maximum campaign...
The Senate and House of Representatives differ over the oil benchmark in the approval of the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) The House of Representatives on Thursday adopted the Federal Government’s proposed crude oil benchmark of $64.85 per barrel for 2026 under the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP), setting itself apart from the Senate, which earlier approved a lower benchmark of $60 for the same year. The...
Four Rivers lawmakers in the House of Representatives defected to APC one week after Governor Siminalayi Fubara joined the ruling party Four Rivers State lawmakers in the House of Representatives on Thursday defected from the Peoples Democratic Party (PDP) and the Labour Party (LP) to the All Progressives Congress (APC). The Speaker of the House, Rep. Tajudeen Abbas, announced their defection during plenary after reading letters from the affected lawmakers, who cited internal crises and...
The Senate has confirmed Ibas, Mahmood Yakubu, Reno Omokri among 64 ambassadorial nominees The Senate on Thursday confirmed the appointments of 64 ambassadorial nominees comprising 34 career and 30 non-career after adopting the report of the Senate Committee on Foreign Affairs. The confirmation followed the presentation of the committee’s report during plenary, with the Senate sitting as the Committee of the Whole. President Bola Tinubu’s request for the confirmation of the nominees had earlier been...
The House of Representatives Committee has vowed to subject all MoUs through legislative scrutiny The House of Representatives Committee on Treaties, Protocols and Agreements has resolved to subject all treaties, agreements and Memoranda of Understanding (MoUs) entered into by Nigeria with foreign partners to thorough legislative scrutiny. The Chairman of the Committee, Rep. Rabiu Yusuf, disclosed this on Wednesday while briefing journalists at the House of Representatives Press Centre, noting that Nigeria has, over the...
President Tinubu is set to present the proposed 2026 budget to a joint session of National Assembly on Friday President Bola Tinubu has officially communicated his intention to present the 2026 budget proposal to a joint session of the National Assembly on Friday, December 19, 2025. In a formal letter addressed to the Speaker of the House of Representatives, Rep. Tajudeen Abbas, the president craved the indulgence of lawmakers to present the 2026 budget before...
Tinubu said the repeal and reenactment of the 2024-2025 appropriation bill will end the practice of running multiple budgets simultaneously The House of Representatives on Wednesday swiftly passed the second reading of the N43.56 trillion Appropriation Repeal and Reenactment Bill 2024-2025 transmitted to the House by President Bola Tinubu. Tinubu said the repeal and reenactment of the 2024-2025 appropriation bill marked a pivotal step toward consolidating Nigeria’s fiscal framework and ending the practice of running...
Rep Dasuki has alleged discrepancies in the content of tax laws gazetted and those passed by the National Assembly A member of the House of Representatives, Rep. Abdulsamad Dasuki (PDP Sokoto), on Wednesday raised a matter of privilege during plenary over what he described as discrepancies between tax laws passed by the National Assembly and the version later gazetted and sold to Nigerians at the Ministry of Information. President Bola Tinubu‘s tax reform bills, transmitted...
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the Federal government will record about N30trn 2025 revenue shortfall as oil earnings undermine budget projections The Federal Government has disclosed that it recorded a significant revenue shortfall in the 2025 fiscal year. The revenue aspirations projected to end the year 2025 is now pegged at ₦10.7 trillion, a shift from the projected ₦40.8 trillion aimed to finance the ₦54.9 trillion...
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