Urum Kalu Eke had rejected President Bola Tinubu’s appointment as a member of the CBN Board. President Bola Ahmed Tinubu has requested the Senate to confirm Ruby Onwudiwe as a member of the Central Bank of Nigeria (CBN) Act. This according to President Tinubu is by the provisions of Section 10 (1) of the Central Bank of Nigeria (CBN) Establishment Act 2007. “I am pleased to present for confirmation, by the Senate, the appointment of...
Ningi’s resignation as chairman of NSF was a sequel to his suspension for three months by the Senate over his statement on the alleged padding of the 2024 budget. Senator Abdul Ningi (PDP, Bauchi Central), has resigned as the chairman of the Northern Senators Forum (NSF). Ningi’s resignation as was a sequel to his suspension for three months by the Senate over his statement on the alleged padding of the 2024 budget. The resignation was...
Lawmakers expressed concern that bandits have been operating incessantly in Benue State unhampered for a long time. The incessant attacks by bandits in Benue state, which have claimed many lives, and properties and rendered many homeless and displaced have become a huge call of concern at the National Assembly. To curtail this ugly insecurity trend, Rep. Austin Achado (APC, Benue) presented a motion of urgent national importance on the need to address the attacks on...
The loan, previously set to kick off on Thursday, has been deferred due to ongoing adjustments surrounding the launch. The Federal Government announced the indefinite postponement of the Nigerian Students Loan Scheme, just 48 hours before its scheduled launch. Akintunde Sawyer, the Executive Secretary of the Nigerian Education Loan Fund, revealed this development during an exclusive interview with ARISE NEWS on Tuesday. According to Sawyer, the loan, previously set to kick off on Thursday, has...
With crude oil selling at about $80 on the international market, only $32 is available to the government to be shared with oil companies. The Chairman of the House of Representatives Committee on Finance, Rep. James Abiodun Faleke (APC, Lagos) has expressed concern over Nigeria’s $48 per barrel crude production cost saying it is the highest in the world. He stated that the cost of production was far higher than the production of crude oil...
Research has also shown a strong link between suicide and mental illness/disorder, however, it continues to be treated as a crime in Nigeria. The House of Representatives is proposing a more rational punishment for attempted suicide offenders as it blames the act on harsh economic conditions. This proposal was a sequel to a Bill sponsored by Rep. Francis Waive (APC, Delta) entitled: “A Bill for an Act to amend the Criminal Code Act Cap C38...
The Bill has several important implications and benefits for the country’s mining sector through support of capacity-building initiatives in the sector. The House of Representatives on Tuesday passed into second reading a Bill seeking to establish a bank that will cater for small miners to support the growth and development of the sector. The piece of legislation is titled “A Bill for an Act to Establish the Nigeria Mining Development Bank” (NMDB) sponsored by Rep....
Amidst claims of N3trn budget padding, the Senate was thrown into a rowdy session after Jarigbe’s claim that some ranking Senators got N500m each The Senate was thrown into a rowdy session over an allegation that the 2024 budget was padded by N3.7 trillion. The debate was sequel to a motion moved by Senator Solomon Olamilekan (APC, Ogun West), who said his privilege as a senator was breached based on the fact that he chairs...
Ningi had earlier mentioned that he is not moved by a possible suspension. According to him, it will be an honour. The Senate has voted in favour of a three (3) months suspension of Senator Abdul Ahmed Ningi (PDP, Bauchi Central) over his allegations of N3trn padding in the 2024 budget. It maintained that should Ningi tender an apology and show some remorse, the matter will be deliberated within the Senate and he will be...
This week at the National Assembly, LIFE by OrderPaper presents a constellation of critical issues set to command the attention and deliberation of lawmakers as they convene to address pressing national concerns. As the National Assembly gears up for another week of legislative proceedings, a myriad of critical national issues is expected to dominate the agenda, signalling a period of intense deliberations and policy formulation. The following are anticipated to dominate the legislative agenda: The...
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