They have been meeting other agencies like RMFAC and OAGF to resolve disputes regarding their operating surplus remittances but they have never come to FRC for reconciliation. The Chairman of the Fiscal Responsibility Commission (FRC), Victor Mururako, said they had no record of remittances by the Nigerian National Petroleum Company Limited (NNPCL)Â which is expected by law. He made this known before the House of Representatives Committee on Finance at a meeting where it placed...
These security challenges are not insurmountable. We have already begun interaction with the security agencies to find solutions to these challenges. The House of Representatives Committee on National Security and Intelligence has called on the nation’s security agencies to work closely with the parliament in order to ensure that the primary purpose of governance which is to enhance the security and welfare of the citizenry is achieved. Similarly, the Speaker of the House of Representatives,...
Leading the debate on the bill, Raji said the Code of Conduct Act requires every public officer to declare the assets of the spouse, pointing out that this is not in line with the principles of fairness. The House of Representatives on Tuesday passed for a second reading a bill seeking to stop the tradition of public servants declaring the assets of their spouses while declaring theirs. The Bill titled “A Bill for an Amend...
The NDDC budget aims to enhance security, create jobs, empower youth and women, improve social welfare, and boost educational infrastructure. The House of Representatives on Tuesday received the 2024 statutory budget proposal for the Niger Delta Development Commission (NDDC) from President Bola Tinubu. The proposal was contained in the letter, addressed to Speaker of the House, Rep. Tajudeen Abbas and was presented by Rep. Benjamin Kalu, who presided over the session and said the submission...
The MPR is the rate at which commercial banks borrow from the economy and often determines the cost of funds. In an ongoing effort to lower inflation, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) decided on Tuesday to increase both the benchmark interest rate and the MPR by 150 basis points, from 24.75 percent to 26.25 percent The MPR is the rate at which commercial banks borrow from the economy...
Senator Isah Jibrin disclosed that the attack claimed over 21 lives and properties in Omala. Given the deteriorating security situation in the country, the Nigerian Senate had resolved to set up an Ad-hoc committee to conduct a national summit to tackle the issues of herdsmen attacks. This is as it urged the National Emergency Management Agency (NEMA) and Humanitarian Affairs to provide relief materials to the affected communities. This resolution followed a motion of urgent...
Senator Aliyu Ikra Bilbis (PDP, Zamfara Central) noted that during the screening, both nominees met the relevant criteria for appointment. The Senate has confirmed the appointment of Rimini Haraya Makama as Executive Commissioner Stakeholders Management and Abraham Oshadami as Executive Commissioner Technical Services in the Nigerian Communications Commission (NCC). The confirmation of both nominees followed the consideration and approval of the report by the Committee on Communications during Tuesday’s plenary. READ ALSO: Urum Kalu Eke...
Kure lamented the worsening state of electricity supply in Niger State despite being the home to three hydroelectric power stations Rep. Baraje Yusuf Kure (APC Niger), has raised serious concerns about the worsening state of electricity supply in Minna and its surrounding areas, despite the presence of significant hydroelectric power facilities such as Kainji, Jebba, and Shiroro Dams. In response, the House of Representatives has directed the Committee on Power to engage with the Nigerian...
The aggrieved retired police officers asked the President Bola Tinubu-led Nigerian government to remove them from the contributory pension scheme. Some retired police officers under the contributory pension scheme have stormed the national assembly over seceral months of unpaid pensions. The retirees who came from chapters to protest at the National Assembly on Tuesday, 21st May, 2024 decried the extreme challenges saying that the National Pension Commission (PENCOM) has failed to pay their entitlements for...
The House of Representatives has insisted that tollgate fees at Nigerian airports across the country be waived for all members of the Armed Forces of Nigeria. The House of Representatives on Monday called for a waiver of tollgate fees for members of the Armed Forces of Nigeria at all Nigerian airports. This resolution emerged from a motion of urgent importance by Rep. Abdussamad Dasuki (PDP Sokoto) titled “Need to Waive Tollgate Fees at All Nigerian...
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